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The Real Deal Los Angeles

Submarket Snapshot: Homes in Mar Vista in Q1 2016

Average home price: $1.34M
A house listed in Mar Vista (credit: kenihandevelopment.com)

A house listed in Mar Vista (credit: kenihandevelopment.com)

The average home price in Mar Vista increased just over 7 percent in the first quarter of 2016, when compared with the same period last year. It clocked in at $1.34 million, according to a report by Halton Pardee + Partners, formerly Pardee Properties.

The average price per square foot increased by 23 percent to $868 a square foot, though smaller home sales are driving that number up, the report said.

The inventory level of single family homes for sale continues to remain low at 41 homes.