2015 Los Angeles – Beverly Hills Luxury Real Estate Market Recap.

2015 Los Angeles – Beverly Hills Luxury Real Estate Market Recap.

Comparison of home sales in Beverly Hills & Los Angeles for 2015 vs 2014
$5 million + 482 sales in 2015 vs 442 in all of 2014 – 9% + increase in sales.
$10m+ 138 in 2015 vs 131 in 2014 – 6% +
$20m+ 37 in 2015 vs 30 in all of 2014 – 11%+
$30m+ 15 this year versus 12 all of last year.
$40m+ 6 in 2015 vs 8 in 2014
$20M + breakdown 16 not in MLS – 45%

January Sales so far for 2016:
5M+ 17 versus 22 in 2015
10M+ 6 vs 10 in 2015
20M+ 3 vs 2 in 2015
Sales Volume 4th quarter 2015 vs 2014
BH: SV Down 22% Median sales price: $5,262,000 17% increase over 2014 – 81 DOM average
BHPO: SV Down 2% Median sales price: $2,600,000 3% increase over 2014 – 91 DOM average
Bel Air Holmby: SV down 12% Median price: $2,355,000 11% increase over 2014 – 77 DOM
Westwood Century City: SV up 33% Median price $1,695,000 – 3% decrease over 2014 -49 DOM
West Hollywood: SV up 34% Median price $1,499,000 23% increase over 2014 – 53 DOM
Sunset Strip: SV down 5% – Median price: $1,725,000 3% decrease over 2014 – 72 DOM
Brentwood: SV up 16% – Median price: $2,845,000
9% increase over 2014 – 64 DOM
Pacific Palisades: SV up 21% – Median price: $2,900,000 up 14% over 2014 – 60 DOM
Malibu: SV up: 28% – Median Price: $2,310,000 same as 2014 – 137 DOM
Malibu Beach: SV up 22% – Median price $5m down 13% from 2014 – 166 DOM
Santa Monica: SV down 19% – Median Price: $2,306,000 14% increase over 2014 – 43 DOM

$20m+ sales – who’s buying? 37 sales:
27 Americans 72% – 4 Chinese nationals 10%-1 Dutch
1 Canadian – 1 French -1 Russian -1 EU – 1UK
Notable sales:
MB: Highest sale: 27834/27852 PCH $60M
HP: 611 S. Muirfield Rd. $15,947,000.
SS: 9161 Oriole $32M
BH: 1210 Benedict Cyn. $47,851,500.
BHPO: 9904 Kip Dr. for $32,670,000.
HH: 384 Delfern $59,355,550.
Bel Air: 616 Nimes Road $46,250,000.
WW: 1 Century Dr. PH #39 for $22,500,000.
BW: 491 Tigertail $21.5 M
SM: 609 E. Channel Rd. $23M
PP: 1 Corona Del Mar for $22M
Christophe Choo Luxury Real Estate Series – Beverly Hills & Los Angeles http://www.ChristopheChoo.com