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64% Of Homes In Los Angeles Are Priced For Sale At $1 Million Or More
64 Percentage Of Homes In Los Angeles Are Priced For Sale At $1 Million Or More
Majority of the homes for sale in California are over $1 million, according to a new study, with four California cities ranking among the top 5 places in the U.S. selling homes over that price tag.
A recent analysis by real estate website Point2Homes looked at home listings in 30 of the largest U.S. markets.
This analysis is among the 100 most populous cities in the country, with at least 500,000 people, to see which cities have the highest proportions of homes with million-dollar price tags.
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Los Angeles took the top spot, home to the highest share of million-dollar listings with nearly 64% of its homes for sale at $1 million or more.
LA has the highest share of homes listed at over $5 million, the analysis found, with “ultra-luxury” properties making up nearly 12% of listings. The study found the median price among homes sold in May 2023 was $926,000.
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