Savills: Average mainstream house price for typical employee of IT or financial services firm in Los Angeles of USD493,339
In its recently published report ‘12 Cities: Occupying and investing in world city real estate’, Savills note that, for the typical employee of a digital start-up or hedge fund, the average capital value of a mainstream residence in Los Angeles is USD493,339. From December 2011 to June 2015, the value of such a residence has grown by 56%. In that city, mainstream residences generally cost around 39% of prime residences, which have generally been the focus of buying by cross-border purchasers.
Source : October 2015/Savills/Los Angeles/RES