L.A. & Beverly Hills Luxury Real Estate Market Update September 2016

L.A. & Beverly Hills Luxury Real Estate Market Update.

Comparison of luxury home sales in 2016 vs the same period 2015

January thru September
$5 million + homes: 359 sales in 2016 versus 335 in 2015 sales up 7%
$10 million + homes: 96 in 2016 vs 97 in 2015
$20million + homes: 17 in 2016 vs 30 in 2015 sales volume down 44%-
$30 million + homes: 6 in 2016 versus 12 in 2015 sales volume down 50%
$20 million +  homes sales: 5 of 17 were not listed in MLS.

Notable sales:

Playboy Mansion just sold for $100 million on Charing Cross Road

Carolwood sold for $90 million

$20 million plus sales where the buyers are from:

13 – American

1 – Qatar

1 Hungary

1 Europe

1 Unknown

 

BH 7 sales, Bel Air 4 sales, Palisades 2 sales

Sunset Strip 1, Holmby Hills 2, Malibu 1