It is an exciting time to consider the idea of purchasing a home in and around Los Angeles. Areas like Playa Vista are booming due to some of the largest companies in the U.S. having home offices there. Google, Facebook, and Microsoft all have headquarters in Playa Vista which makes it a prime location for developers. With an influx of employees from these large organizations there is a demand for new homes. Marina Del Rey is another area that is experiencing a rapid growth in population due to economic growth. To a young adult looking to spread their wings this area of Los Angeles is a first time home buyer’s dream. The sleepy suburban life of years gone by no longer has the appeal that it once had. This new generation of buyers are looking for excitement, freedom, convenience, and luxury. Actually luxury is probably the highest on the list of requirements. In this day and age average people desire to live the life of a celebrity and developers are capitalizing on this fact. They are not holding back any punches when it comes to their designs. In order to appeal to this new market there has to be an air of sophistication put into every design.
Of course with luxury there comes a price tag. Prime real estate does come at a cost. It is fortunate for developers in this area of California money is of no object. Those who can afford to live in these infamous zip codes have no qualms about paying the cost to call this home. The average cost of a home in Playa Vista is $941,200. The average cost of a home in California is $393,000. The significant jump in price to live in areas such as Playa Vista lets you know that this is prime real estate. Living in this zip code affords all the amenities that would be expected by someone of celebrity status. Regardless of the career of the individual being able to call these types of neighborhoods home sets you apart from other Californians. Everyone wants the prestige but a select few can actually afford the accommodations. If you are someone who understands that true luxury comes at a premium than Playa Vista and Marina Del Rey are the perfect locations for you to set up roots.
Finding a real estate agent who will work with you to find exactly what you are looking for is the first step. Knowing what your budget for your new home is also important to know prior to reaching out to an agent. If your budget is not realistic for the area than the agent will be able to redirect you to a neighborhood that is more appropriate depending on what your max budget is. If you are comfortable with purchasing a home that is priced close to a million dollars than it is safe to say that you can begin looking in the 90094, 90292, and 90295 zip codes. Whether you are looking to purchase a condo, a house, or a town home there are plenty options to choose from. Another important element to keep in mind is that these areas are highly in demand so negotiations will be hard. With it being a sellers’ market either go big or expect to go home.