The Los Angeles Luxury Real Estate Boom

Los Angeles Luxury Real Estate is flourishing. Find out why this area is a haven for high-end investors.

By most people’s standards, the housing market isn’t moving very fast. Sales are dropping and prices have flat lined, but for some reason Los Angeles luxury real estate is booming. In Southern California, especially in Los Angeles, luxury real estate is hitting levels that haven’t been seen in decades. This trend started at the end of last year, and it continues to be on fire.

Los Angeles Luxury Real Estate vs Non Luxury Homes

Currently, the housing market seems to be going at two entirely different speeds –fast for high-end homes, but sluggish for non-luxury homes.

What’s Boosting the Demand for Los Angeles Luxury Real Estate?

There are a number of things effecting the surge of home sales in Los Angeles, but technology, low interest rates, and a surge of overseas investors play the biggest roles right now.

Due to low interest rates, Los Angeles luxury real estate mortgages are cheap; and the banks that continue to be risk-averse are offering better terms and lower rates to individuals with deep pockets, than to first time buyers who are strapped for cash. Technology and the internet has made the world an even smaller place than it was 10-years ago. So wealthy overseas buyers are flocking to scoop up Los Angeles luxury real estate as investment properties, a safe haven for their money, and second homes.

Wealthy Europeans have no problem stopping to search for Los Angeles luxury real estate as they travel the world.

Los Angeles Luxury Real Estate Agents

With the internet, easy accessibility to flights, and sophisticated communication, real estate agents are able to cater to them more easily. From travelling themselves, to meet with brokerages that represent luxury homebuyers, to conference calling and Skyping with international high-end agents.

Brentwood Neighborhood – Los Angeles Luxury Real Estate

Although the buying market is amazing in various Los Angeles luxury neighborhoods such as Pacific Palisades, Beverly Hills, and Venice, there is a lot of movement going on in Brentwood.

Brentwood is a neighborhood with over 33,000 residents located on the Westside of Los Angeles. Along with its large celebrity population, Brentwood is also known as being a highly educated area, and is home to seven private schools. Other things that separate this Los Angeles luxury real estate’s history are:

• It was originally part of a Mexican land grant, and modern development began in the 1880s

• Brentwood hosted part of the pentathlon in the 1932 Olympics

• It was the site of the O.J. Simpson murder case

• There was a disastrous fire in this neighborhood in 1961

Brentwood is popular with these wealthy buyers because of its glamour, weather, and sophistication. And although it’s known as one of the most expensive housing markets, Los Angeles luxury real estate can look like a deal when compared to other luxury havens.

It’s not only foreign investors that are propelling the Los Angeles luxury real estate market, however. In recent years, the stock market has boosted the portfolios of American buyers too – especially for individuals who have money to invest in real estate.  As well, wealthier individuals have watched their incomes grow more quickly than they have in recent years.

Campbell Wellman Properties, a premier boutique real estate firm in Los Angeles ( http://campbellwellman.c ) brings buyers and sellers together and provides listings of luxury homes and apartments for sale in the neighbourhoods of California.

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