What is Considered Luxury Real Estate?

Be sure to join the right real estate brokerage that can help you get started and on the path to achieving your goals. Our blog features dream houses all over the world, VIP mansions and the real estate market of the most famous localities. There may be a history of celebrities who've previously owned the property. Or the house could have been designed by a notable architect (a.k.a. "starchitect"). Before you invest in an expensive property, make sure that the market will support your decision. Look at the job market, the cost of living, median household incomes, and the area’s economic outlook.

A chef’s kitchen is standard in a luxury home, with appliances from brands like Sub-Zero, Viking, Gaggenau, Miele, La Cornue, or Thermador. Many Los Angeles luxury homes also come with a fascinating backstory, like being previously owned by a Hollywood celebrity or designed by a prominent architect. These homes are one-of-a-kind, prestigious, and conversation starters in and of themselves. Los Angeles neighborhoods offer a variety of density, from high to medium. There are rare lots with acreage and significant privacy, but most neighborhoods offer space for a pool and vineyard, within relatively close proximity to neighbors.

We are also consistently ranked as one of the hottest luxury real estate markets in the world. What distinguishes Los Angeles Luxury Homes from other places is that the quality of these homes is second to none. There are various business opportunities found in the city not found elsewhere and luxury is found throughout, both in Sky Homes known as High Rises, Condos and Luxury Homes. Most of the time, luxury real estate owners don’t know how to market luxury property, causing these listings to flop.

Yes, they can be found in the well-known areas of Brentwood, Malibu, Hollywood Hills, Pacific Palisades, or Bel Air. But luxury shoppers looking for the best values should keep all corners of the city in play during their home hunting, especially Hancock Park. What counts as a luxury home varies regionally here in Southern California, too. For example, a $1.6 million-dollar listing in Los Angeles would not be considered a luxury home.

With a luxury property in areas such as Beverly Hills, Bel Air, the Hollywood Hills and Malibu, these marketing tactics simply do not suffice. Everything – from the text of the listing package to the way buyers are introduced to the property – must change. Not all buyers are in the market to purchase The Legendary Beverly House or a 50,000 square-foot estate with panoramic views of the beaches, West Side, the Hollywood Hills, downtown Los Angeles and the San Gabriel Mountains. According to the National Association of Realtors®, only 9 percent of first-time and repeat homebuyers purchase homes priced at more than $500,000; a percentage that decreases further as price increases. The Christie's International Real Estate network has complete luxury home listings for California. We have 449 property listing in California, and 22,260 listings in all of United States.

Whether you’re ready to sell or just looking for answers, one of Corcoran’s experienced neighborhood real estate agents can help. Pricing takes into account luxury real estate the views, luxury finishes, and location of the home. While there are many luxury homes on the market, there are even more prospective buyers.

Demand for a Los Angeles luxury home continues to rise, meaning a hopeful homeowner should be prepared to make their best offer. Prices vary greatly depending on neighborhood and specifics of the home, but $1,400 per square foot is a conservative estimate. Luxury estates and mansions in the area are often listed over $100 million, with many offering rare and priceless panoramic views of Hollywood, the Pacific Ocean, the metropolitan skyline, and more.

Even though most celebrities work in Hollywood, they choose to make their home in Beverly Hills. Beverly Hills is considered the luxury capital of the world, which is just one reason that the elite live here. Remember to save your search to receive email alerts when new listings that fit your criteria hit the market, and as you find homes that you love, you can save them to receive status change alerts.