LA Real Estate: What You Can Get in the Valley Compared to the Westside

Here’s some interesting real estate market data for the general Westside of Los Angeles as well as the Valley communities south of the 101 freeway.

I only picked 5 cities in the valley including Studio City, Sherman Oaks, Encino, Tarzana and Woodland Hills. For the Westside, I chose Beverly Hills, Bel Air, Brentwood, Pacific Palisades and Santa Monica.

If we look at the statistics of what’s been sold in the last 2 months in the valley: We have 370 homes sold, average days on the market is 70, average price is $800,000 and the average price per square foot is $330. If we compare those numbers to the Westside we have 156 homes sold, average days on the market is 70 as well, average price is $2,400,000 which is triple the price of what you can get in the valley and the average price per square foot is $725.

Once again this is general information but useful to know. For 15 minutes more of driving, you can get twice as much as you would on the Westside.