Lake Summit / Galerie
Lake Summit / Galerie real estate consists mostly of medium-sized (three or four bedroom) to large-sized (four, five, or more bedroom) single-family homes and townhomes. The majority of residential real estate is owner-occupied. Many of the homes in the Lake Summit / Galerie neighborhood are well-established but not old, having been constructed between 1970 and 1999. A handful of dwellings were also constructed between the years 2000 and the present.
This neighborhood boasts one of the lowest real estate vacancy rates of any neighborhood in the United States. With only 0.0% of the real estate empty, this suggests an unusually high demand for real estate in the Lake Summit / Galerie neighborhood, as well as a problem developing enough supply to meet the demand. This could result in higher real estate prices, more supply to fulfill demand, or both.
Furthermore, many people like to live on a street lined by row houses or other attached residences. Such places frequently have a lot of charm. If you fall into this category, the Lake Summit / Galerie neighborhood could be your dream come true. With 34.4% of the homes and real estate in this community classified as rowhouses or other attached residences, there is plenty of potential to locate the appropriate spot for you. Only 2.6% of U.S. neighborhoods have more row houses than this one, making it one of the most intriguing aspects of this unique area.
One of the most intriguing aspects of the Lake Summit / Galerie neighborhood is that, according to a study, it is an ideal choice for college students to live. The neighborhood is good for prospective or already-enrolled college students due to its popularity among college students who choose to live here, its walkability, and its above-average crime safety. You’ll notice that the excitement here varies with the college seasons between semesters and throughout school breaks. Despite the enthusiasm, parents with college-age children can rest assured that this neighborhood has an above-average safety rating. For each of these reasons, the neighborhood is ranked among the top 2.2% of college-friendly neighborhoods in California. This area is not just ideal for college students, but it is also ideal for families with school-aged children, urban sophisticates, and highly educated CEOs.
Furthermore, riches makes most things in life simpler and a few things more difficult. This neighborhood will appeal to you if you are wealthy and enjoy keeping up with the Joneses. According to a report, the Lake Summit / Galerie neighborhood is wealthier than 96.3% of all neighborhoods in the United States. Residents here are actually in a unique circumstance, especially when compared to other Americans, due to the concentration of wealth here. Even during economic downturns, inhabitants of this neighborhood suffered less and recovered faster as a group. This is a distinguishing feature of the neighborhood.
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