Living in a city known for being one of the richest and most powerful in the world definitely has its perks. Los Angeles is a world center for entertainment, international trade, business, media, culture, sports, fashion, technology, education and science.
You can make any homeowners’ dream a reality in Los Angeles. America’s second largest city is home to beach bungalows, downtown high-rises, hilltop mansions, estates with large acreages and more. You can surf in the morning, ski in the afternoon and spot a celebrity over dinner. With over 80 districts and neighborhoods in the 500 square mile city, there’s sure to be a part of Los Angeles you will fall in love with.
Not only do home sizes and locations vary, styles do as well. The architecture of Los Angeles is extremely diverse. Many times you will see modern, traditional, Spanish, and Mediterranean style homes all on the same block. However for the rare occasion when you cannot find exactly what you are looking for, there is always someone who can help you build it.
The city is a great place to raise a family. There’s kid-friendly activities going on everyday in LA, many of them are even free. Los Angeles is also home to great schools private and public, and some of the top colleges in the entire world, including The University of California, Los Angeles (UCLA) and The University of Southern California (USC).
Los Angeles weather is great throughout the entire year. Summers get quite warm, while winters are extremely mild. The weather does vary strongly, depending on which part of the city you are in. For example temperatures near the ocean can be 75 degrees, while only 30 minutes away temperatures in the valley can be 20 degrees higher.
Being the hub of the entertainment industry, residents also reap the benefits of world-class concerts, movies premieres, award shows, charity events and much more. Los Angeles is also home to some of the best shopping and dining in the entire world.
The median home value in Los Angeles is $569,500. Los Angeles home values have gone up 7.8% over the past year and Zillow predicts they will rise 2.3% within the next year.
Foreclosures will be a factor impacting home values in the next several years. In Los Angeles 2.1 homes are foreclosed (per 10,000). This is greater than the Los Angeles-Long Beach-Anaheim CA Metro value of 1.7 and also lower than the national value of 3.2