Tuesday, May 26, 2009

Getting Started with LA Real Estate

Beverly Hills, Hollywood and Sunset Strip are some of the glamourous reasons why Los Angeles, California is one of the most desired real estate investments. Whether you consider moving to LA, take under consideration this review of the city.

Los Angeles is populated with about 3,850,000 people, making it the 2nd largest city in the US. About 14 million people live in the Metropolitan Area, which is the second biggest in the state. Los Angeles is huge, sprawling over 470 square miles. So huge that it offers winter skiing in its high mountains while surfers are still in the beach. Los Angeles has some great congregations living in it and tens of suburbs populated with tens of thousands of residents. You can live close to some attractive destinations such as Beverly Hills, Santa Monica, West Hollywood or Burbank. Los Angeles attraction contains its shopping malls and dining centers, beaches, downtown, properties and canyon estates.

Los Angeles Real Estate values and most of California's got much more expensive ans is no longer affordable. Back in 2000, the average value of a home in LA was nearly $222,000. In 2005, it costed almost $514,000. Today, in times of financial crisis it went lower and this might be your chance to invest in LA real estate. To search for LA real estate opportunities, check out this Los Angeles Homes for Sale website. Good Luck!