Top Hot Item On Usalast 10/07/2021

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Whatever the reason, it’s not a bad time to sell an entry-level luxury home in Los Angeles. The city has seen housing activity and prices increase in the wake of the pandemic, as affluent home buyers reassess their lifestyles and look for larger homes to work and school remotely.

In January, homes in Los Angeles County between $2 million and $4.99 million recorded the biggest spike in activity of any price segment, as deals in that range soared 73% compared with January 2020, according to a report last week from Douglas Elliman and appraisal firm Miller Samuel.

Meanwhile, the median listing price in greater Los Angeles hit $1.15 million in January, a 22% increase from a year ago, according to the latest stats from realtor.com. (Mansion Global is owned by Dow Jones. Both Dow Jones and realtor.com are owned by News Corp.)

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