LOS ANGELES HOUSE PRICES DATA SOURCESHowever, one of the most important tasks in evaluating a house in a particular community within the Los Angeles area is to evaluate whether the asking price is reasonable given the characteristics of the property and prices that were achieved by comparable houses that were sold recently in the neighborhood or locality within the house is located. In property valuation jargon this means finding “comps” that is recent transactions for similar houses that took place in the neighborhood of the house that is under consideration. Zillow is a great resource for checking out most recent trends in Los Angeles house prices by community, but, most importantly, for finding most recent house sales as close as possible to the house you are evaluating. Just click on the link below to take you to the sold homes in the Los Angeles area and then type the neighborhood, city or zip code of the house you are evaluating to get the most recent sales recorded in the Zillow database for that area, and information on the characteristics of the houses sold. Furthermore, Zillow allows you to filter out these transactions using many criteria so you can isolate the ones that involve houses that are as similar as possible to the house you are evaluating. These will allow you to better assess the market price range for the house you are evaluating. Click on the link below to go to this Los Angeles “comps” page: Click on the link below to see recent trends/changes in Los Angeles house prices and values by community/neighborhood: Recent Trends in Los Angeles house prices by community/neighborhood
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