Monday, January 11, 2016

Luxury Real Estate Trends in L.A. Are All About the Wow Factor





Luxury real-estate trends in Los Angeles are like sequels to blockbuster action movies: Everything is bigger, more high-tech, and most definitely over the top. “What people are trying to do now is separate themselves from the rest and put something in their home that no one else has,” says Million Dollar Listing Los Angeles star James Harris on behalf of Trulia. “Developers want to stand out,” he adds, so putting in out-there amenities is a smart way to get spec houses noticed in a sea of otherwise similar homes. Perhaps the most extreme example of one-upmanship among developers is the $500 million spec mansion currently under construction in Bel Air. The 100,000-square-foot home will have a 6,000-square-foot master suite, plus a jellyfish room and an ice room, which are exactly what they sound like.

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