LA & Beverly Hills luxury real estate market update 3rd quarter 2016 vs 2015
Homes sales in units:
$5 million+ 403 in 2016 versus 393 in 2015 – sales up 3%
$10 million+ 109 in 2016 versus 112 in 2015 – sales down 2%
$20 million+ 20 in 2016 versus 35 in 2015 – sales down 45%
$30 million+ 8 in 2016 versus 13 in 2015 – sales down 39%
Luxury homes currently under contract:
3 pending $20 million+
19 pending over $10 million +
Recent record breaking sales:
The playboy mansion on Mapleton Drive in Holmby Hills sold for $100 miilion to Darren Metropolous of Hostess brands.
301 Carolwood Drive in Holmby Hills sold for $100 million to Detroit Pistons owner – Tom Gores
141 South Carolwood in Holmby Hills sold for $90 million to a local developer. Orginally built in 1936 by architect Robert Farquhar on 10 acres: Formerly the home of Sonny & Cher, David Geffen, Marilyn Monroe & Tony Curtis.
Of the $20 million+ sales – who is buying?
15 American, 2 Swiss, 1 Qatar,1 European and 1 from Hungary
The Christophe Choo Real Estate Group at Coldwell Banker Previews International 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 Real Estate Group can help.
Call or email me today!
The Christophe Choo Real Estate Group
Coldwell Banker Previews International Beverly Hills
Or send me an email: [email protected]