Report: Home Prices in Los Angeles Will Continue to Rise in 2013

A study reveals home prices in California will increase in 2013.

Home prices in the Los Angeles metro area have been on a steady climb since earlier this year and that trend is expected to continue throughout 2013, according to a report from

In the next calendar year, home prices in the Los Angeles area are expected to increase another 3.5 percent. Home prices currently average $397,000 in Los Angeles and Orange counties. That is an increase of 2.7 percent from this time last year, Zillow reports.

Home prices in the L.A. area have been rising since the first quarter of 2012, according to the Times report. A look at the entire U.S. housing market shows home prices in Los Angeles are increasing faster than the national rate and will continue to do so next year. According to Zillow, home prices nationally increased by 1.3 percent from the second quarter to the third quarter of 2012. The Los Angeles Times reports that is the biggest quarterly gain in the national housing market since March 2006.

As for 2013, the real estate web site expects home prices nationally to increase by another 1.7 percent. The current median price for a home in the United States is $153,800.

About Gary Gold

Gary Gold is a marquee name in luxury real estate and his sale of The Playboy Mansion sets a record as the first residence to sell over $100,000,000 in Los Angeles. Gary is also one of its most successful trend setting agents. He’s an internationally recognized expert known for his creative use of technology, marketing and publicity to sell some of the finest homes in the world. Gary is further distinguished by the rare ability to secure high net worth, qualified buyers from digital marketing. This success, year after year, continues to produce a steady stream of buyers from not only the Los Angeles area, but throughout North and South America, Europe, and Asia.

Gary has sold thousands of estates and luxury properties over the course of his career. High-end developers have consistently relied on Gary’s broad expertise on projects ranging from luxury condominium developments to major estates. He is a sought after speaker, panelist and educator at industry conferences. Gary has been cited as an expert for publications and broadcasts that include CNN, Fortune, Barron’s, Wall Street Journal, The Washington Post, Access Hollywood, CBS Evening News, e! Entertainment Television and The London Telegraph.

Gary Gold began his career in real estate over 25 years ago and has been a top producer with Hilton & Hyland since its inception. Hilton & Hyland is Beverly Hills preeminent luxury real estate firm, with over $2.7 billion in annual sales.