Home Value Forecast Identifies L.A., Bay Area Trends

Higher-priced homes in Los Angeles and the Bay Area have been leading the market’s recovery, according to Pro Teck Valuation Services’ February home value forecast.

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Pro Teck partner Collateral Analytics, for example, examined the single-family price per square foot for different priced markets in the Los Angeles County areas of Manhattan Beach, Lancaster and Burbank from 1970 to 2012 and found signs of recovery.

“Most newsworthy is the latest up move in the Manhattan Beach market which has pushed prices to all-time high levels,” Michael Sklarz, principal of Collateral Analytics and contributing author to Home Value Forecast, said in a press release.

“This should be viewed as confirmation that the Los Angeles county real estate market is in the early stages of a new upward cycle in home prices.”

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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