Folks with Spanish surnames dominate a new ranking of L.A.'s most common homeowner last names, but people with Asian last names are crushing it when it comes to ownership of luxury real estate, according to real estate website Point2 Homes.
The dominance of Latinos shouldn't be a surprise: L.A. County's population is about half Latino.
But you might be a little surprised to find out that, in the last three years, people of Asian descent have almost totally taken over luxury home buying in the market:
All but about three names (arguably) on the Point2 Homes top 20 list of L.A. “luxury home buyers'” last names are Asian. The company counts Lee and Young as English names (yeah, right). Aside from that, the only non-Asian names on the list are Smith, Miller and Johnson.
The site's rank of “all current owners” in the area is vastly Hispanic. Lee comes in first, but after that you have Garcia (2), Williams (3), Lopez (4), and Young.
A list of “all home buyers” in the last three years is a mixed bag, dominated by both Asian and Latino surnames.
According to a Point2 Homes spokeswoman says Asian Americans have been snatching up luxury homes across the United States:
The analysis shows that in the past 3 years names of Asian origin like Chen and Wang have become more popular than names of English or Hispanic origin, for all home price segments [across the nation].
For L.A., the real estate market has seen increasing ownership among both Latinos and Asian Americans, she said:
The results for LA are particularly insightful as they show the gradual shift from English home owner names to Hispanic ones (in the last 3 years) and, finally, for the luxury segment, to Asian ones.
The site looked at the home ownership data of sister website PropertyShark to come to its conclusions. See the full list of most-popular names for homeowners across America here.
Is your name on the list?