There have never been so many $1-million houses.
No longer limited to Santa Monica, the Hollywood Hills or the beach towns of Orange County, the $1-million house is popping up across Southern California, spurred by demand for bigger spaces during the pandemic and the resulting surge in home prices.
In 55 cities and unincorporated areas in Los Angeles and Orange counties, the typical house is now valued at $1 million or more, according to Zillow, which defines typical as the average of roughly the middle one-third of home values in a given area. Seventeen of those places — including Altadena, Torrance and Fountain Valley — surpassed $1 million since March 2020, when COVID-19 began to grip the United States.
Read more at the Los Angeles Times.