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The rate of home appreciation was slower in the affluent San Gabriel Valley municipality of San Marino than in Los Angeles County overall in the third quarter.
The median price on home sales within the ZIP code 91108, which covers San Marino, increased by 41.2 percent in the third quarter compared to those homes’ prior sales, according to data provided by Attom and analyzed by The Real Deal. That translates to a median increase of $827,000.
Attom, a real estate data company, provided median home appreciation data for every quarter back to 2008 in the 258 Los Angeles County ZIP codes that saw 10 or more sales in those quarters. The data does not incorporate when individual homes had last sold, so the data provides an extended look of the market’s home appreciation, with some reflecting long stretches of ownership and others covering shorter periods.
For the county overall, the median home sale showed a 50 percent appreciation rate, representing a median gain of $300,000 in the third quarter, when the median home sale price was $900,000.
Nestled next to Pasadena and known for its luxury and historic properties, San Marino has a population of about 12,500 and a third-quarter median home sale value of $2.8 million. The quarter’s median home sale appreciation rate of roughly 41 percent not only lagged the county’s, but also the city’s own prior quarterly rate of 60.3 percent.
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Glendale’s 91201 ZIP code had the highest appreciation rate in L.A. County, exceeding 204 percent. Just two ZIP codes experienced depreciations in median home values based on sales in the third quarter: 90272, which covers most of wildfire-destroyed Pacific Palisades, and 90017, which covers parts of Downtown L.A. and Westlake — an area that lost population during the pandemic.San Mario wasn’t the only high-end enclave to lag the larger local market. Despite a median home price of $3.6 million, Beverly Hills’ 90210 ZIP code registered a median home appreciation rate of 33 percent in the third quarter — a figure that also trailed the appreciation rate for Los Angeles County as a whole.