What cities in LA County do you think have the highest home appreciation over the last 5 years?
Here are the top 5 cities:
Number One: Artesia comes in first with a whopping 14.95% appreciation over the last 5 years! The median sales price for a home back in February 2016 was $350,000 and in February 2021, it is now $702,500! Note that this is for all property types (single family residence, condos, townhomes & manufactured/mobile homes).
Number Two: In 2nd place we have Lancaster. The median sales price for a home back in February 2016 was $189,950 and as of February 2021, the median sales price is $381,000. That is a 14.94% appreciation!
Number Three: Coming in 3rd is Paramount at 13.75% appreciation over the last 5 years. The median sales price in February 2016 was $251,000 and in February 2021, the median sales price went up to $478,000.
Number Four: The next city is Malibu with a 12.83% appreciation. Median sales price in 2016 was at $2.3 million and in 2021, a little over $4.2 million!
Number Five: The last city is Signal Hill. The home value appreciation rate is 12.60% over the past 5 years. The median sales price in 2016 was $395,000 and as of February this year, the median sales price is at $715,000.