Los Angeles is one of the largest entertainment centers in the United States. This one city has a population of around ten million people and the median price of a home is around $200,000. With the class of residents that is found in Los Angeles, it is no wonder that it is the hub of the million dollar homes in the Western United States.
Out of the 51 thousand million dollar homes accounted for by the USA Today, 60 percent of them are in California. The majority of those happen to be in Los Angeles. Many of these homes are or have been owned by big name movies stars.
What Could Make a Home Worth a Million Dollars or More?
Many common folk can't imagine anything that could possibly make any home worth a million dollars or much, much more. It seems that finding a sizeable lot in the Los Angeles area is an uncommon feet unless you are looking at this particular class of homes. So, okay a nice big yard does not warrant a million dollar price tag in most people's opinion. What else you got?
You never know what kind of extravagances you may find in one of these million dollar homes in the Los Angeles area. One of them was noted to have a vehicle elevator to transport your vehicle to the second or third floor of the garage area. That is not one of your common household appliances in the standard American home. This type of luxury comes at a cost. Then throw in the fact that a celebrity was the former owner of the home and the ticket price just jumped to a new level.
Who Buys the Million Dollar Homes?
With the Sunset Strip and all those that travel to Los Angeles by the herd looking for their big break in the entertainment industry, hoping to find that one gold nugget that will set them on top of the world, the percentage of those that own their home is around 50 percent. It is only a small handful of people that are actually in the market for this class of home. It is only those that fall into the category of millionaires, that have already found their one gold nugget.
If you are one of those people that are in the market for a million dollar home and you haven't yet decided which crevice of the country to call home, don't overlook Los Angeles. They say real estate is all about location, location, location. This location attracts visitors from every continent of the world to its posh accommodations and bright lights. Not only is it filled with celebrities and movie stars, but it offers the best high-end shopping experience you could want. There are many celebrity shops with the classiest and swankiest merchandise you could imagine.
Be sure to place Los Angeles high on your list of considerations for your new residence. It is not just a place to live, but an experience to be savored and enjoyed.