County Home Prices Soar

Summary


Soaring home prices pushed Los Angeles County real estate values up 11 percent last year to nearly $1 trillion, boosting property tax revenues for a variety of programs, officials said Tuesday.

From 1999 to this year, the average price of a home in the county rose from $245,000 to $568,550.

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County Home Prices Soar

"I think buyers are price sensitive," said James Link, executive vice-president of the Southland Regional Association of Realto...

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