Winners and Losers of 1996

Welcome to the annual running of the Home Price Derby, in which we subject you to one last look at home prices and sales in your community in 1996.

But first, before we get to your bailiwick, here’s the big picture:

A total of 182,928 new and resale houses and condos were sold in Los Angeles, Ventura, Orange, San Bernardino and Riverside counties in 1996. That was up 14.3% from 159,985 for the year before and the highest annual sales count since 1990, when 211,056 homes were sold, according to Acxiom Corp.’s DataQuick Information Systems.

Riverside County had the biggest sales increase at 19.1%. Orange County was 18.7%; San Bernardino, 14.3%; Los Angeles County, 11.7%, and Ventura County at 11.1%.

The median price paid for a Southland home was $159,100 in 1996, down very slightly from $159,400 for the year before.

“If current trends remain in place, prices will stay flat through spring and then start to inch up slightly,” said DataQuick president Mike Ela.

Other tidbits:

* Of the 248 Southland communities that had more than 10 sales last year, home sales increased in 213.

* The median price was up in 110 communities, it was unchanged in 20 and it was down in 119 communities.

* Bel Air was the priciest Southland community with a median of $585,000.

* 32% of home sellers sold for less than they had bought for, compared to 35% in 1995, 40.3% in 1994 and 44.1% in 1993.

* Recorded Notices of Default totaled just over 97,000 in 1996, up from 83,000 in 1995. Almost all the increase came early in the year, foreclosure activity leveled off in the latter part of the year.

* The monthly mortgage payment on a typical home purchase loan was $926 for 1996, down more than 30% from $1,348 back in 1989.

Below is a list of prices and sales in your community:

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BIGGEST HOME PRICE GAINS

Tarzana: 12.9%

Encino: 11.7%

Beverly Hills: 11.2%

Santa Paula: 11.1%

Venice: 10.2%

Glendale: 9.4%

Newport Beach: 9.3%

Sunland: 8.6%

Redondo Beach: 8.3%

Palos Verdes Peninsula: 7.8%

Metropolitan areas only, 100 or more sales

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BIGGEST HOME PRICE LOSSES

Laguna Niguel: -11.3%

Studio City: -9.6%

Sherman Oaks: -7.9%

Norco: -7.8%

Loma Linda: -7.7%

Chatsworth: -7.4%

San Gabriel: -7.2%

Rialto: -6.9%

Artesia: -6.6%

Sun Valley: -5.9%

Metropolitan areas only, 100 or more sales

LOS ANGELES COUNTY

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Community 1995 1996 1996 Median Median Sales Acton $217,500 $234,000 88 Agoura Hills $260,000 $247,500 775 Alhambra $146,732 $145,000 1,799 Altadena $185,500 $179,000 497 Arcadia $275,000 $279,000 733 Artesia $152,500 $142,500 129 Avalon $252,000 $249,500 18 Azusa $128,000 $128,000 532 Baldwin Park $125,000 $121,000 631 Bel-Air $571,000 $585,000 202 Bell/Compton $118,000 $120,000 2,830 Beverly Hills $490,000 $545,000 982 Brentwood $577,500 $565,000 473 Burbank $178,000 $180,000 973 Calabasas $412,000 $415,000 502 Canoga Park $160,000 $160,000 1,788 Carson $150,000 $150,000 774 Castaic $168,455 $168,000 262 Cerritos $213,000 $220,000 661 Chatsworth $174,954 $162,000 589 Claremont $184,500 $190,000 387 Commerce $125,000 $129,000 351 Covina $153,500 $150,500 857 Culver City $181,250 $187,750 472 Diamond Bar $183,000 $184,000 848 Downey $172,000 $171,068 1,036 Duarte $140,000 $139,000 316 El Monte $135,000 $135,000 622 El Segundo $253,250 $247,000 157 Encino $220,000 $245,750 709 Gardena $145,000 $145,000 562 Glendale $212,000 $232,000 1,952 Glendora $175,000 $174,000 628 Harbor City $169,000 $175,250 213 Hawaiian Gardens $114,000 $110,000 90 Hawthorne $145,000 $149,000 559 Hermosa Beach $315,000 $319,000 266 Hollywood $222,750 $240,000 3,427 Huntington Park $148,000 $140,000 288 Inglewood $138,000 $136,000 687 La Can~ada Flintridge $429,000 $420,000 364 La Mirada $165,000 $167,000 568 La Puente $146,000 $150,000 2,275 La Verne $187,500 $192,000 457 Lake Hughes $105,000 $100,000 57 Lakewood $162,000 $160,000 983 Lancaster $95,000 $95,000 2,534 Lawndale $135,500 $135,750 214 Littlerock $84,000 $80,000 185 Llano $80,000 $114,000 17 Lomita $180,000 $186,000 179 Long Beach $144,000 $150,250 4,445 Los Angeles $189,000 $205,000 1,654 Lynwood $130,000 $131,500 361 Malibu $525,000 $525,000 342 Manhattan Beach $420,000 $445,500 616 Marina del Rey $266,750 $265,000 221 Maywood $135,500 $132,000 65 Monrovia $166,000 $176,000 364 Montebello $170,000 $165,000 316 Monterey Park $183,000 $175,000 351 Montrose $170,000 $172,500 53 North Hollywood $145,000 $143,000 1,360 Northridge $205,000 $209,000 1,243 Norwalk $142,500 $138,000 1,012 Pacific Palisades $535,000 $560,000 427 Pacoima $125,000 $125,000 731 Palmdale $107,500 $110,000 2,984 Palos Verdes Pen $529,000 $570,500 454 Paramount $111,000 $113,000 377 Pasadena $205,000 $212,000 1,525 Pearblossom $80,000 $118,000 25 Pico Rivera $142,000 $140,455 424 Playa del Rey $181,500 $195,000 216 Pomona $114,500 $115,000 1,420 Rancho P.V. $419,000 $403,000 658 Redondo Beach $240,000 $260,000 1,078 Reseda $133,000 $130,000 884 Rosemead $158,000 $155,000 318 San Dimas $175,000 $183,750 510 San Fernando $145,000 $146,000 2,923 San Gabriel $208,000 $193,000 480 San Marino $525,000 $540,500 229 San Pedro $185,000 $185,000 689 Santa Clarita $175,000 $180,000 2,958 Santa Fe Springs $150,000 $143,000 127 Santa Monica $245,000 $257,500 1,674 Sherman Oaks $239,000 $220,000 925 Sierra Madre $270,000 $280,000 127 South-Central LA $120,000 $122,000 2,915 South Gate $145,000 $140,000 548 South Pasadena $260,000 $265,000 203 Stevenson Ranch $223,000 $234,500 342 Studio City $280,000 $253,000 495 Sun Valley $135,000 $127,000 370 Sunland $142,750 $155,000 290 Tarzana $225,000 $254,000 640 Temple City $188,250 $185,000 277 Topanga $305,000 $353,750 97 Torrance $215,000 $218,000 1,710 Tujunga $139,000 $139,500 344 Van Nuys $133,500 $135,000 1,989 Venice $221,000 $243,500 230 Walnut $228,000 $222,000 617 West Covina $156,000 $156,000 1,137 Westchester $235,000 $240,000 401 Whittier $155,000 $154,000 1,711 Wilmington $124,500 $130,000 171 Woodland Hills $220,000 $232,000 1,235

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ORANGE COUNTY

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Community 1995 1996 1996 Median Median Sales Aliso Viejo $160,000 $160,000 978 Anaheim $162,000 $162,000 2,986 Brea $195,000 $207,000 464 Buena Park $160,000 $157,500 629 Corona del Mar $540,000 $515,000 230 Costa Mesa $199,000 $195,000 833 Cypress $192,500 $199,500 662 Dana Point $240,000 $236,500 693 Foothill Ranch $218,000 $210,000 505 Fountain Valley $217,500 $215,500 709 Fullerton $165,000 $175,000 1,295 Garden Grove $155,000 $153,000 1,590 Huntington Beach $218,000 $218,000 2,216 Irvine $220,000 $233,250 2,049 La Habra $166,500 $162,750 663 La Palma $225,000 $228,000 188 Laguna Beach $380,750 $364,250 407 Laguna Hills $162,500 $162,500 943 Laguna Niguel $269,000 $238,500 1,655 Lake Forest $188,500 $185,000 985 Los Alamitos $280,000 $280,000 210 Midway City $140,000 $145,000 54 Mission Viejo $210,000 $209,000 1,901 Newport Beach $375,000 $410,000 1,098 Orange $193,000 $190,000 1,634 Placentia $210,000 $203,000 530 Rancho Santa Marg $174,000 $168,000 920 San Clemente $250,000 $246,500 945 San Juan Capistrano $198,000 $200,000 545 Santa Ana $148,000 $145,000 2,737 Seal Beach $279,000 $285,000 191 Silverado $160,750 $161,000 28 Stanton $119,000 $112,750 225 Trabuco/Coto $290,000 $277,000 1,029 Tustin $185,000 $190,000 821 Villa Park $412,000 $410,000 92 Westminster $171,000 $167,000 734 Yorba Linda $258,000 $261,500 1,033

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RIVERSIDE COUNTY

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Community 1995 1996 1996 Median Median Sales Aguanga $111,250 $79,500 20 Anza $77,500 $125,000 19 Banning $90,000 $90,000 417 Beaumont $90,000 $80,000 193 Blythe $89,000 $77,000 155 Calimesa $120,000 $112,500 111 Canyon Crest $100,000 $100,500 277 Canyon Springs $100,000 $100,500 277 Cathedral City $96,500 $90,000 644 Coachella $78,500 $79,000 129 Corona $145,500 $151,500 2,762 Desert Hot Springs $73,000 $65,000 326 Glen Avon/Pedley $117,750 $113,500 814 Hemet $87,250 $88,000 1,455 Homeland $82,500 $94,000 12 Idyllwild $130,500 $126,250 101 Indian Wells $347,000 $370,000 199 Indio $103,500 $97,000 524 La Quinta $152,500 $148,500 852 La Sierra $110,750 $111,500 406 Lake Elsinore $120,000 $116,500 836 Mecca $67,000 $68,000 46 Mira Loma $126,000 $121,500 229 Moreno Valley $105,750 $103,000 2,720 Mountain Center $183,750 $101,750 20 Murrieta $144,000 $144,000 1,372 Norco $173,500 $160,000 313 Nuevo $122,000 $117,500 74 Palm Desert $163,500 $165,000 1,754 Palm Springs $101,500 $105,000 1,094 Perris $95,000 $89,000 847 Rancho Mirage $210,000 $200,000 502 Riverside $124,000 $125,000 2,106 San Jacinto $91,000 $84,500 357 Sun City $109,000 $114,000 1,700 Temecula $142,000 $143,000 1,748 Thermal $103,750 $94,455 14 Thousand Palms $70,000 $81,114 76 Wildomar $131,250 $130,000 117 Winchester $137,500 $172,000 21 Woodcrest $100,750 $95,000 535

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SAN BERNARDINO COUNTY

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Community 1995 1996 1996 Median Median Sales Adelanto $88,040 $97,000 336 Alta Loma $167,250 $165,000 903 Angelus Oaks $129,000 $90,000 10 Apple Valley $95,000 $90,000 1,121 Barstow $70,000 $71,500 306 Big Bear City $87,000 $88,500 512 Big Bear Lake $113,000 $125,000 283 Bloomington $86,000 $85,000 283 Cedar Glen $70,000 $52,000 32 Cedarpines Park $74,109 $69,000 31 Chino $170,000 $175,000 1,852 Colton $95,000 $93,000 512 Crest Park $75,500 $68,000 12 Crestline $82,500 $98,500 374 Fawnskin $102,500 $111,250 54 Fontana $108,000 $110,000 2,478 Forest Falls $128,000 $91,500 21 Grand Terrace $125,000 $119,000 124 Green Valley Lake $72,250 $83,500 34 Helendale $119,000 $100,000 139 Hesperia $85,000 $79,000 1,116 Highland $130,000 $125,000 699 Joshua Tree $51,250 $48,500 93 Lake Arrowhead $158,000 $155,000 540 Loma Linda $142,000 $131,000 148 Lucerne Valley $57,500 $60,750 59 Lytle Creek $86,500 $93,500 11 Mentone $119,000 $108,000 117 Montclair $120,000 $114,250 238 Morongo Valley $61,000 $52,250 42 Needles $78,250 $60,000 44 Ontario $123,000 $120,500 1,499 Phelan $100,000 $94,250 160 Pinon Hills $83,000 $100,000 19 Rancho Cucamonga $126,000 $130,000 1,028 Redlands $130,000 $129,000 721 Rialto $111,750 $104,000 1,380 Rimforest $113,000 $60,591 16 Running Springs $99,000 $93,000 146 San Bernardino $80,000 $78,250 2,399 Sugarloaf $61,000 $62,000 181 Trona $39,000 $48,250 10 Twentynine Palms $58,500 $57,250 143 Twin Peaks $93,750 $83,500 66 Upland $165,000 $165,000 860 Victorville $97,500 $93,250 1,353 Wrightwood $110,500 $115,000 107 Yucaipa $121,500 $119,000 548 Yucca Valley $65,000 $65,000 353

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VENTURA COUNTY

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Community 1995 1996 1996 Median Median Sales Camarillo $200,250 $199,750 1,235 Fillmore $148,000 $140,750 130 Moorpark $220,000 $220,000 652 Oak View $166,000 $171,000 93 Ojai $200,000 $192,250 263 Oxnard $157,500 $161,000 1,657 Port Hueneme $125,000 $129,000 322 Santa Paula $135,000 $150,000 244 Simi Valley $175,000 $178,000 1,943 Somis $395,250 $359,000 31 Thousand Oaks $240,000 $247,000 2,521 Ventura $179,000 $177,000 1,389

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Listing includes only those communities with 10 or more home sales in 1996.

Source: Acxiom/DataQuick