Real Estate Values Soar in Luxurious Markets in Los AngelesAre you thinking of buying a home in the Bel Air, West Hollywood or Bel Air area? These areas are among some of the most sought after areas in Los Angeles. They will put you in the company of moguls and movie stars. Residents enjoy incredible views, celebrity neighbors, privacy and seclusion. In addition, these areas are immersed in history.
The homes for sale in these areas are commanding record-breaking prices in the current market. In fact, according to the Wall Street Journal, prices for high-end homes in these Los Angeles areas are topping $100 million or more. Some of the amenities that can be found in these high-end homes include separate steam and sauna rooms, full gyms, wine cellars and views of the Pacific Ocean.
The Bel Air area and surrounding communities are showing definite signs of increased home values. Realtors have been seeing a rise in the number of luxury home sales in Los Angeles over the last year. According to Zillow, Hollywood home values have increased over 11 percent in the last year. The inventory has been going down in many popular areas, such as Oakland. The Oakland market is very tight and competition for the few properties that become available is very stiff. Sellers have become more aware of market values and are pricing their homes to sell. Read below for more information about the most sought-after and prestigious communities in the Los Angeles area.
With so much unique flavor and character, Berkeley's many different neighborhoods offer something for almost everyone, as does its variety of architectural styles. Homebuyers have a variety of choices, including charming Victorian homes, stunning homes high in the hills or Craftsman bungalows. Wooded retreats, stately older homes, and splendid period revival homes can also be found in Berkeley. Many of Berkeley's homes were developed by famous architects including John Hudson Thomas, Julia Morgan and Bernard Maybeck.
If you are considering buying or investing in one of these prestigious areas above, it is important to obtain expert real estate advice from a professional who specializes in luxury real estate transactions. As real estate in the above areas is particularly sought after by investors with high expectations, the market is very competitive in these locations, with homes priced in the multi-millions. Therefore, having a knowledgeable professional on your side can be an invaluable asset.
The J.H. Tarman Company is one of the preeminent luxury real estate firms in the West Hollywood, Bel Air and surrounding communities. Call Kent Tarman with J.H. Tarman Company today to find out what properties in the above areas have yet to be snatched up. Kent Tarman can help you navigate the Bel Air real estate market or learn how to invest in the finest homes in the area.