Single-family homes with 3 bedrooms and 2 bathrooms are priced from $49,000 to $3.4 million (USD). Homes in the upper end of the price range usually have ocean views or are located in famous neighborhoods like the Sunset Strip. The more affordable homes are found in up-and-coming neighborhoods like Eagle Rock.
New gated communities are popular, along with older Hollywood homes.
Vacant land ranges from $29,000 to $4 million in Hollywood Hills and from $44,500 to $21 million (USD) in Malibu.
In May 2011, the median sales price for the Los Angeles area was $299,500, and the median sales price for nearby Manhattan Beach, an affluent beach town, was $1.3 million (USD).
