Steven Taylor: Los Angeles Is Growing Smaller…and Better

 

Steven Taylor with his family in Los Angeles

Don’t be fooled by stories about those mega-mansions dotting exclusive Los Angeles neighborhoods. If you’re thinking of moving to the city, says Steven Taylor of Los Angeles, be prepared for a dash of reality. Not every home in LOS ANGELES is massively large with Olympic size swimming pools and yards the size of football fields

In fact, the average home size in Los Angeles metro today is actually smaller than the city’s average home just a few years ago.

Across the U.S., the medium-sized home is 2430 square feet. In Los Angeles, new homes typically come in at around 1800 feet. That’s larger than San Francisco’s 1150 sq. ft. homes, yet lags behind cities like San Diego (2728 to 3581 sq. ft.) and Las Vegas (2430 sq. ft.) 

Much of the reason for LA’s smaller square footage, says Steven Taylor Los Angeles, is the densification of LA’s central area. People want to be close to the action, and the central area packs them into increasingly smaller lots and residences. For decades, new residents poured into the city from everywhere. But the growth began to slow down over the past few years. From 2018 to 2019, for example, there was actually a 0.08% decline in population.

Between July 2019 and July 2020, Los Angeles county lost 40,036 residents, the steepest loss of any other California county.

Nonetheless, says Taylor, the city has not lost its luster. Diehard Los Angeles residents still love their professional sports (Lakers and Dodgers), the diverse culture, the unmatched cuisine at the city’s many restaurants. Not least, of course, is what many regard as the best weather in the U.S. When you’re up to your ears in the snow, blizzards, hurricanes and tornados so common in other parts of the nation, LA’s moderate, balmy temperatures begin to look irresistible.

As the nation recovers from COVID, LA’s famous restaurants, night life and world-renowned attractions are springing back into life.

Add to that the lure of Hollywood and the huge film and entertainment industry, and you see why—despite recent losses over taxes and government regulations--the city is the first choice for so many of its residents.  

If you want a home in what is still one of the most desirable cities in the U.S., top Los Angeles real estate pros, like Steven Taylor will tell you that LA is the place to go!