Deciding to move to LA is a tough decision. The fact of the matter is that some destinations are more preferable than others.
Los Angeles is one of the hottest markets in the United States. In fact, the median home price is $25,000 higher than its 2007 peak of $505,000. In the past year, home prices increased 9.5 percent to $575,000.
This indicates that demand for homes in Los Angeles County is high. There are a number of different reasons why the LA housing market is so hot.
Read on to explore 5 reasons why you should consider a move to LA.
1. Top Reason to Move to LA – Rising Home Values
Purchasing a home is among the most significant investments made in a lifetime. LA home values are on the rise. Why does this matter?
Most importantly, buying a home in LA yields a positive return on investment. Home prices are up 30 percent over the last three years.
This means that buyers can walk into home equity almost immediately upon closing. As the home appreciates in value, your net worth rises in parallel.
2. Location, Location, Location
LA is one of the most desirable locations to live in the world. The reasons why are pretty simple.
First and foremost is the proximity to the Pacific Ocean. Another reason why the location is so epic is the never-ending sources of entertainment.
Do you like sports? Check out the Dodgers and Lakers, among many other sports teams. The LA market also just added two professional football teams.
If sports are not your thing, Hollywood should keep you busy. LA is the global epicenter of movies and television.
In addition to sports and Hollywood, there is a surplus of nightlife and shopping to keep you occupied.
3. LA Weather Is Unbeatable
One of the top reasons that people move to LA is to take advantage of great weather. Simply put, the weather is perfect for more than 75 percent of the year.
If you hate snow, LA is the perfect place for you. If you enjoy going to the beach in October, you are going to love LA.
4. LA Places an Emphasis on Outdoor Life
The amazing LA weather enables the city to develop outdoor amenities. If you like to ditch the car and walk, LA is the place to do it. The city features a very positive walkability index, which is touted by real estate agents and developers alike.
LA also features outdoor movies and extensive bicycle paths. There are dozens of outdoor farmers markets. Malls are of the outdoor variety so even shoppers can enjoy the great weather.
5. Save Some Money and Ditch the Car
LA’s public transportation is so good that a number of residents are selling their cars. In addition to the bike lanes, LA has an improving subway system and light rail that runs from downtown to the Westside.
There is also the San Fernando Valley Orange Line busway to give residents another option. Therefore, you can ditch the monthly car payments and redirect that money towards a more attractive location within LA.
Wrapping It Up
Clearly, LA is a desirable place to live. The weather is amazing and the entertainment is endless. Quality of life is great as you can enjoy the outdoors and hit the beach.
For more information on a move to LA, or if you want to sell or buy a home, please do not hesitate to contact us for assistance.