Definition of Foofoo according to the Urban Dictionary: adjective; used to describe anything that is just a little too frilly, fancy or “upper crust”; (maybe a good example would be someone who buys a Gucci jacket for their dog or cat?)
Many of my Active Rain friends who do not live or practice real estate in my market have asked what part of the greater Los Angeles area can be considered Foofoo? With that said, what price point would you consider being the “upper crust” of Los Angeles Real Estate? I had a difficult time myself coming up with the price point, so I went with $50 Million and above to be considered the “upper crust” for Los Angeles Real Estate. My concern was not wanting to slight those who can afford $10 Million to $50 Million; maybe they can well afford more, but chose not to buy above the $50 Million threshold.
So, with that said, I started my research and discovered that in Los Angeles, Beverly Hills, Bel Air, Brentwood, Hollywood Hills West, Pacific Palisades, Malibu and Santa Monica there are currently 248 active listings in the price point of $10 Million to $50 Million.
Hence, I decided to see what the inventory looked like north of $50 Million. Amazingly enough, those same areas show 25 listings between $52 Million and $225 Million. I again narrowed the parameters further and next raised the price point to $70 Million. This gave me 11 listings currently on the market north of $70 Million and up to $225 million. I looked at where these homes are located, and what interesting results appeared. Four of the 11 homes were in the coveted Bel Air 90077 zip code; two in Beverly Hills post office and one in Beverly Hills proper for a total of three in the also coveted 90210 zip code. One was in Hollywood Hills West in the Bird Streets section, the coveted 90069 zip code; leaving three in the 90265 coveted zip code of Malibu.
Just for fun, please share with me in the comments below where you think the 3 most expensive homes out of the 11 are located. Also, would you consider it a Foofoo area? If you have clients who meet these price points and are interested in living in the greater Los Angeles area, I'd be more than happy to represent them via a referral; rest assured, they will be well taken care of during the purchase process.
Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( m) homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708
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