A new map of the real estate market confirms that the house in Los Angeles is expensive

Now to buy a property in Los Angeles — not a cheap pleasure. A new map from Property Shark once again confirms this. This year the average price of housing in Malibu colony and Beverly hills-gateway exceeded $10 million, and a further 10 areas — $3 million

A new map of the real estate market confirms that the house in Los Angeles is expensive

In Los Angeles one of the 17 «ultra-Prime» property markets in the world, while sales of homes worth over $25 million have become commonplace in recent years. According to the report, from 2015, in Los Angeles at this price was sold 51 houses, but only for 2017 — 18.

Despite such sky-high prices in prestigious districts, the average price for a house in the City of angels is $595 thousand But even these amounts are too large for the ordinary citizens of Los Angeles. In the report of the California Association of realtors indicates that only 28% of respondents have a suitable for buying house salary.

The Property Shark map shows several areas where the average property price is less than $500 thousand That Lincoln heights is a popular North-Eastern district of Los Angeles ($494 thousand) and more than a dozen neighborhoods in South Los Angeles, such as the Vermont square ($495 thousand), watts (about $384 thousand) and North Lardal ($484 thousand).

In his blog journalist Property Shark Eliza Theiss said that neither new York nor San Francisco «can not be compared with the unprecedented average prices Los Angeles». She noted that TriBeCa is the most expensive area of new York, in Los Angeles will take only eighth place for the cost of housing.

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