Los Angeles real estate

International Buyers Heating Up the Los Angeles Real Estate Market

International real estate buyers find Los Angeles a hot market for property. In 2017, the Los Angeles area ranks #1 in the United States for property investments according to LA Times Reporter Roger Vincent:

“The L.A. area ranked No. 1 in North America in a survey of global real estate investors who have a combined total of $1.7 trillion to spend on property in 2017. Top choice cities for investment in other regions were London and Sydney, Australia.

Overall, offices are the preferred category of real estate to buy, with warehouse distribution centers and multifamily residential buildings close behind. Shopping centers, hotels and industrial properties ranked lower in investor interest.” (Read more of Vincent’s report here: http://www.latimes.com/business/la-fi-global-investors-20170317-story.html)

The value of rents is much higher than other international cities, and property prices are much lower when compared to former regional favorite, San Francisco.

“The Westside, where those those and other big sales took place, is the L.A. area’s core market for investment, according to CBRE, in part because it consistently commands the highest rents in the region.”

Zillow seems to agree with the valuable housing market in the LA region. Their year-end report (2016) showed gains in home values.

“The total value of all homes is $2.5 trillion, a 6.4 percent change from last year, or [a gain of] $154 billion,” according to a statement from Zillow spokeswoman Lauren Braun.

“Homes in the glitzy Los Angeles metro, America’s most valuable housing market and home to ultra-wealthy enclaves including Beverly Hills and Malibu, have … more than double the combined wealth of America’s 50 richest citizens,” according to the Zillow report.

Hancock Park real estate agent Sheri Bienstock told us that the market is also bringing quick home sales in this unique area of the city. Her clients are getting top dollar for their homes in Hancock Park, Miracle Mile and Larchmont Village; even more than their asking price in some cases.

With the positive outlook for Los Angeles real estate, the trend appears to favor investors and sellers of properties in the Southern California region.

Los Angeles real estate

City Profile of New Canaan CT

City Profile: Homes for Sale New Canaan CT

Nestled alongside New York and eight miles northeast of Stamford, New Canaan is an affluent U.S. community where residents enjoy a blend of country charm and suburban sophistication. The picturesque atmosphere of parks, elegant architecture and ponds are an inviting place to live. Homes for sale in New Canaan CT are rich with the natural beauty of red-brick buildings in the business district and attractive houses along tree-shaded streets.

Homes for Sale New Canaan CT: Culture

City Profile of New Canaan CTDespite its ranking as one of the smallest states, Connecticut boasts variations in cultural and landscape offerings. Many areas, including the houses for sale New Canaan Connecticut, are picture perfect for outdoor activities and recreation.

Whether two acres or four acres, land for sale in New Canaan is available for buyers who want the natural beauty found in woodlands and hilly terrain. Many residences sit gracefully on the sloped terrain. Even though some areas are protected open space, the horse farms available for purchase allow buyers to share in the country charm that the town offers.

The Town of New Canaan Offers Art, Sports & Culture

The town offers residents a wide selection of amenities. Private clubs and golf courses, athletic facilities, numerous parks and trails for horseback riding are available for residents and visitors. The town has a renowned school system and many cultural offerings. Silvermine Guild Art Center is an acclaimed gathering of works by professional artists.

The connection with modern architecture is evidenced by The Glass House, which was designed by a long-time resident, the late Philip Johnson. As part of the National Trust of Historic Preservation, The Glass House is a notable 47 acre area with a rich history.

Just eight miles northeast of Stamford, New Canaan is also a one hour train ride from Manhattan. In 2008, CNN/Money ranked the town number one for families with the highest median income. The school system was also ranked number one in Connecticut and number two in the nation for communities with homes valuing $800,000 and up.

Check out Ruth Jones New Canaan Real Estate for a database for homes for sale New Canaan CT.