Mandeville Canyon in Brentwood, Los Angeles Median price has dropped the past two months

November 16, 2016

Mandeville Canyons median price in Brentwood, Los Angeles has dropped the past two months, 8% decrease at YTD Sept 2016 and 6% decrease at YTD Oct 2016.   The Interquartile Range (IQR) was 20% for the YTD Sept 2016 and 14% at YTD Oct 2016 which is still a good margin for growth. The InterQuartile Range (IQR) shows the price variance between the 25th and 75th percentile of sold homes.    Visit www.90049Brentwood.com and go to the Mandeville Canyon page for monthly updates.

Mandeville Canyon may be the longest paved cul-de-sac road in Los Angeles.  Nearly 5 miles above Sunset Boulevard gaining 1,000 ft in elevation and almost reaching Mulholland Drive.  This area is divided into two communities - Mandeville Canyon and Upper Mandeville Canyon which starts just above Chalon Road.  This rural-like environment has beautiful equestrian lots with only one way in and one way out.

Historically, this area was originally developed and named the California Botanic Garden back in 1928.  Plans for artificial ponds and streams and a massive arched bridge would create landscaped gardens for tourism and an agricultural laboratory to attract residential buyers to eventually purchase home-sites. Celebrities planted memorial trees that came from all over the world, but unfortunately, the Great Depression halted this plan.  Currently, country equestrian estate lots with rustic styled homes is what mainly encompasses this area now.   The HOA for this area is Mandeville Canyon Association