While there are a number of fantastic neighborhoods in and around the LA area when it comes to both value and price, according to PropertyShark, there were two in particular that topped the
list for 2017.
First, The Colony in Malibu, earned top accolades, in large part due to its prime beachfront locale. Here you will find an exclusive gated community that sits directly on white sandy beaches and the blue waters of the Pacific.
There are several celebrities who call this neighborhood home, including Rob Reiner and Tom Hanks. The median sales price in 2017 for homes in The Colony came in right at $13 million mark.
Earning second place in 2017 was the Trousdale Estates neighborhood in Beverly Hills. Here you can find a myriad of homes that date back to the 1950s – many of which have been customized, renovated, and / added on to.
These mid-century modern residences, though, are very well preserved, and because of that, they still command extremely high prices, with a median 2017 sale figure of more than $9 million – which actually represents an 18% increase over 2016’s prices.
If you’re seeking a home in either of these top areas, it can be challenging, as many will change hands before even going on the market. For more information on how to secure your next residence in an award-winning LA neighborhood, contact us today.