Located in the Foothills of the San Gabriel Mountains is the city of Sierra Madre, also known as Wistaria City. The 2010 Census of Population and Housing shows there were just 10,917 residents living in the city, up 3.2 percent from the 2000 Census. The overall population of California also went up over the decade, increasing by 10 percent and topping 37 million.
Data shows there were 5,113 housing units in Sierra Madre at an average density of 7,129 homes per square mile. Owners occupied Sixty-one percent of homes while 38.2 percent were rentals. The median value of owner-occupied properties between 2006 and 2010 was $800,800 - considerably higher than the statewide average of $458,500 and well above the asking price of most homes for sale in Los Angeles county.
The 2010 Census listed the median age of those living in Sierra Madre as around 47 years old, and 19.2 percent of residents were under the age of 18 while 17.4 percent of the population was 65 years of age or older.
Homeowners in the Los Angeles real estate market likely saw the value of their properties jump in May, as prices surged with limited inventory and strong sales in higher-priced markets.