How Covid 19 Affected The Los Angeles Real Estate Market

Covid 19 certainly affected Los Angeles, but Luxury real estate is alive and well.

Los Angeles. Home to global events are as common here as local events that are intercepted globally: Historically low Interest rates. Pandemic viruses. Stock markets on global scale roller coasters. The loss of a true world champion, Laker, Kobe Bryant. Amidst all the chaos and uncertainties, Los Angeles real estate remains certain and newsworthy almost daily: Jeff Bezos, 2019 richest man in the world, purchases the former Jack Warner Estate from record tycoon, billionaire, David Geffin for $165,000,000. That sale surpassed the previous most expensive home sold in Los Angeles, the Bel Air Estate of media mogul, Jerry Perenchio for $150,000,000 in 2018.

Besides many of the richest people and business moguls, having primary, secondary or multiple homes in Los Angeles, movie stars and celebrities have called Hollywood their home for over a century. Today, the top of the list include, Leonardo DiCaprio, Brad Pitt, Ellen Degeneres, Steven Spielberg, George Clooney, Jennifer Aniston and Jack Nicholson, to name a select few.

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