Luxury mega mansions aside,
the Los Angeles property market is
potentially fertile ground for real
estate businesses. In December 2018,
the median property price in Los Ange-
les was $879.5K, trending up 12.9%
year-over-year, according to research
done by Norada Real Estate. The city
is also reportedly in the grips of a
housing shortage. With this combina-
tion of high demand‘The average
cost of living
in Los Angeles
is 48.2% higher
than the national
average’
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CITY FOCUS | LOS ANGELESAUGUST 2019