THE SILICONE BEACH PHENOMENON

With high salaries, the emergence of cryptocurrencies and the explosion of high-value stock options young tech executives are reshaping the residential real estate market from Playa Vista, Santa Monica and Venice to Mar Vista and Culver City.  From “intro level” condominiums to multi-million dollar homes, they are edging out other buyers and driving prices up. How are these young buyers relatively new to the job force able to drive the market to such frenzied levels? And just how long with the phenomenon last?

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

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