People often ask me, "is now a good time to buy?" - a question particularly relevant in a hot market. And I always say "yes!" Because, as this chart shows, over time, real estate in Los Angeles has always proven to be a great investment. If you try to time the market like a day-trader does of stocks, that's a different story. But buy and hold in Los Angeles, regardless of market conditions, tends to be a wise move. This chart happens to be specific to one neighborhood, but it's a reality that proves true for most.
Greater Hancock Park is defined as Melrose to Olympic, La Brea to Van Ness.
