Christophe Choo – Beverly Hills & Los Angeles Westside, Real Estate Market Update as of May 29, 2018

Christophe Choo of Coldwell Banker Global Luxury

Beverly Hills & Los Angeles Westside, Real Estate Market Update as of May 29, 2018
2018 : $10,000,000 + so far 65 vs 73 down 12%
2017 : $10,000,000 + so far 185 up 15% 393% increase in 9 years
2016: ~ $10,000,000 + Sales ~ 160
2015: ~ $10,000,000 + Sales ~ 140
2014: ~ $10,000,000 + Sales ~ 131
2013: ~ $10,000,000 + Sales ~ 95
2012: ~ $10,000,000 + Sales ~ 92
2011: ~ $10,000,000 + Sales ~ 56
2010: ~ 10,000,000 + Sales ~ 68
2009: ~ $10,000,000 + Sales ~ 39
2008: ~ $10,000,000 + Sales ~ 47

Luxury home sales for all of 2018 vs 2017
$5 m+ 217 in 2018 versus 214 in 2017 58 pending
$10m+ 67 in 2018 versus 73 in 2017 – Down 8% 11 pending
$20m+ 21 in 2018 versus 24 in 2017 – Down 14% 1 pending
$30m+ 11 in 2018 versus 12 in 2017 – Down 9%
$40m+ 5 in 2018 vs 5 in 2017
Last 30 days 24 sold over $10 million 6 sold over $20 million
Brad Grey House $68,825,000 13,000 sq. ft. 2.2 acres
Malibu: Peter Morton SOLD for $110m

Of the 15 $20 M+ Sales where are they?
5 in Malibu
4 in Beverly Hills
3 in Bel Air
2 in the Sunset Strip
2 in Beverly Hills Post Office
2 in Holmby Hills
2 in Pacific Palisades
1 in Brentwood

$20m+ sales 21 total sales so far in 2018 – who is buying?
76% American
16 American, 1 Canada, 1 Japan, 1 Mexico, 1 Monaco 1 U.K.
Of 21 sales – 8 were not in MLS – 38% SOLD off market.

Significant new listings & price reductions:
271 South Mapleton $88 million
31,450 sq. ft. 1.4 acres
Sold land 2011 $8,250,00
New house sold 2014 $44 million

330 S Mapleton Drive $88 million
31,624 square feet, just over 1.18 acres
Sold in 2013 Fixer $19.5 million
924 Bel Air Road $188 million
38,000 sq. ft on just over 1 acre

SOLD:
320 Carolwood $68,882,500 listed at $77.5 million
13,890 square feet on 2.2 acres
SOLD $18.5 million in 2010

630 Nimes Road Sold for $56 million asking $72 million
35378 square feet on 2.2 acres

22258 PCH Sold for $110 million.

Areas:
Hancock Park
Sunset Strip
Los Feliz
Beverly Hills
BHPO
Westwood
Hollywood Hills
Bel Air
Brentwood
Santa Monica
Pacific Palisades
Malibu
Christophe Choo is in the top 1% of Realtors internationally with 29 years experience as the President & Broker for the Christophe Choo Real Estate Group at Coldwell Banker Global Luxury in Beverly Hills. The Coldwell Banker office is #1 in the United States for 23 years and is the most comprehensive source for luxury real estate listings, from estate homes to luxury condominiums, incredible tear down opportunities and investment properties. Based in beautiful Beverly Hills, California 90210, the Christophe Choo Real Estate Group provides exclusive luxury homes for sale on a local, global and international stage. Hence the tagline: “Locally Known – Globally Connected”. Search for luxury properties in your area, whether in the “Platinum Triangle” areas of the Westside of Los Angeles of Beverly Hills, Holmby Hills and Bel Air or in The Sunset Strip, Hollywood Hills, Brentwood, Westwood, the Wilshire Corridor, Century City, Pacific Palisades, Santa Monica, Malibu, Venice, Marina Del Rey, Cheviot Hills, Hancock Park, Los Feliz and the key Westside areas of Los Angeles, the Christophe Choo is the luxury Realtor that can help you achieve your selling or buying goals in Los Angeles.

Call or email me today! Christophe Choo 310-777-6342
The Christophe Choo Real Estate Group
Coldwell Banker Global Luxury
Beverly Hills Realtor – Luxury Real Estate Agent
Email: [email protected]

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