Price Ranges- 1-Bedroom Homes: Starting at $600,000 in Long Beach to $1.5M+ in Beverly Hills.
- 2-Bedroom Homes: $800,000 to $2M depending on location.
- 3-Bedroom Homes: $1.2M to $3.5M in luxury neighborhoods.
- 4-Bedroom Homes: $1.5M to $5M+, with the highest prices in Malibu and Beverly Hills.
Closing CostsClosing costs in California typically range from 2% to 5% of the home’s purchase price, including title insurance, escrow fees, and property taxes.
Interest Rates in 2024Interest rates for 30-year fixed mortgages in 2024 are averaging around 6.5%-7%. Buyers with excellent credit scores and larger down payments can secure lower rates.