What constitutes a luxury home these days, anyway? Most buyers and real estate agents aren’t too sure, but they know it when they see it. With big runups in home prices during the last real estate boom, it would seem that just about anything could pass for a luxury home if you’re simply referring to affordability–or the lack thereof, to be more accurate.
Nevertheless, the luxury home market is probably best defined locally and relatively, rather than in absolute dollar amounts. Why? Because a million dollar home in Oak Park, while fitting into most of our definitions of the word “luxury,” is less so than, say, a million dollar New Mexico home. This is due to local factors such as the economy, the job market, supply and demand for homes in particular neighborhoods, etc.
Taking a look at Oak Park, California home prices, we find a full 30% of homes in Oak Park are listed over $1 million dollars currently. These are definitely a part of the luxury home market, to be sure. However, if we focus in on homes in the top 5%, we’ll find prices in this luxury home bracket to be over $3 million.
While it can be hard to find the right family home for your lifestyle in the L.A. area, it’s not impossible – if you know where to look. A virtually undiscovered quite community is Oak Park. It is just a few minutes from Agoura Hills in the Conejo Valley. Oak Park homes are reasonably priced and are close to shopping, several parks, and Malibu State Beach.
Oak Park, California is just west of Woodland Hills in Ventura County. It’s a short half hour commute from downtown L.A. for those who need to work there. It is less than half an hour from Malibu State Beach, where you’ll have miles of fun along the California coastline. Want to take a road trip? Hope on Pacific Coast Highway (PCH) and take the scenic route up the coast.
Oak Park real estate specialist Carol Lee has lived in the area for many years and has the local knowledge and professional expertise to find the perfect Oak Park homes for your family to choose from. She will guide you through a smooth real estate transaction. Carol can assist you in finding some outstanding real estate deals in the Oak Park area in desirable neighborhoods. You can search for these deals easily on her real estate website specializing in Oak Park properties.
The entire MLS is available to search on Carol Lee’s site, so you won’t just find a select few Oak Park listings. A 3 bedroom 2 bath home in Oak Park starts at about $480,000, so you can find a family home in the neighborhood that fits your home price budget requirements. One incredibly easy-to-use feature of the site is the automated email alerts you can sign up for so you’ll get notified when there are new properties matching your search criteria.
You can find a great Oak Park map search tool for homes in Oak Park at www.carollee4homes.com in addition to a more advanced Oak Park real estate search tool with numerous MLS fields that can be searched. We recommend using the advanced search tool to find Oak Park short sales and foreclosures. Just enter “foreclosure,” “reo,” “bank owned,” or “short sale” in the remarks box and click “Search.”
