Last Update on Los Angeles foreclosures

Los Angeles Foreclosure Listings

Bank Foreclosures in Los Angeles have the best locations. These foreclosure homes are near the exciting lifestyles and adventures in this beautiful city. There are a lot of foreclosures in the city available.

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Bank Foreclosures in Los Angeles

Selecting from the Los Angeles foreclosures listings that are conveniently located can be more expensive compared to the other locations. Los Angeles' average price per square foot is $352. Hollywood Hills, Bel Air, Brentwood, Silver Lake, and Mid City are the most popular neighbourhoods. Movers can also opt for foreclosures in Playa Del Rey, Carthay Square, Baldwin Hills, View Park, and Highland Park. Choose from the many luxurious estates and lavish bungalows in Los Angeles.

Los Angeles is the entertainment capital of the world. From all over the globe, people searching for a life of excitement and glamour among Hollywood celebrities are drawn to this popular city. One in six people living in L.A. work in a creative industry as the city is known to be a haven for artists, writers, filmmakers, dancers and musicians.

L.A. is the most densely populated city in California with 3.9 million people living in an area of 498 square miles. It is a major economic powerhouse and world leader in entertainment, culture, media and fashion as well as science, technology, and education. The city has a gross metropolitan product of $831 million, making it the third richest and fifth most powerful and influential city in the world.

With people from 140 countries speaking 224 different languages, L.A. is truly an international city embracing ethnic communities as diverse as Chinatown, Historic Filipinotown, Koreatown, Little Armenia, Little Ethiopia, Tehrangeles, Little Tokyo, Little Italy and Thai Town. Of its population, 64.2% are below their forties; 37.1% are single and 49.1 % are married, of which 32.3% have children.

L.A. has a temperate, Mediterranean climate and is well known for its surfing beaches, secluded coves and dazzling nightlife.

A California dream can start with a fantastic house at a bargain price found under Los Angeles foreclosure listings. There are 11,087 houses listed, 2,954 of which are Los Angeles bank foreclosures. These prices range from $831 for an establishment with seven bedrooms and seven bathrooms to $999,807 for a multi-family home with four bedrooms and four bathrooms.

The average listing price in LA for the period up to 23 March 2011 was $985,662. The median selling price during the period of December 2010 to February 2011 was $300,250. The median value of owner-occupied homes was about $10,000 above the state average at $221,600.

Hollywood Hills, Bel Air, Brentwood, Mid City, and West Los Angeles are the popular neighborhoods with prices ranging from $587,378 to $6,400,331. However, there are good returns to be gained by considering neighborhoods such as Rancho Park, Cheviot Hills, Beverley Glen, Mount Washington, and Miracle Mile, where week-on-week average listing price appreciations have ranged from +8 to +13%.