Luxury Home Sales in Los Angeles Nearly Double in 2014 – Watch Our Real Estate Market Update Video.

Christophe Choo Luxury Real Estate Series – Real Estate Market Update – YouTube.

Comparison of home sales for the first three-quarters of 2014 versus the same period 2013

 Sales are up in all luxury home price ranges.

$5 million plus home sales:

328 in 2014 versus 253 in 2013

129% increase

 

$10 million plus home sales:

102 in 2014 versus 73 in 2013

139% increase

17 currently in escrow

 

$20 million plus home sales:

26 in 2014 versus 14 in 2013

185% increase

3 currently in escrow

 

$20M + breakdown

9 sold in the Holmby Hills

6 in Malibu

3 in the city of Beverly Hills

3 in Bel Air

1 in Beverly Hills Post Office

1 in Brentwood

1 Pacific Palisades

 

$20m+ sales – who is buying?

16  Americans

3 British

3 Russian

1 Saudi

1 Kuwaiti

1 Chinese

1 Iranian

1 Ukranian

 

Notable sales:

Ellen DeGeneres sold: 360 S. Mapleton (Holmby Hills) for $49.5m a $10 m profit in 6 months to Sean Parker from Facebook

Fleur de Lys sold: 350 Carolwood Drive (Holmby Hills) for $88.3 million to Russians

271 South Mapleton sold for $44 million to Saudi buyers

10231 Charing Cross (Holmby Hills) sold for $45 million to buyers from the UK

200 S. Mapleton – sold for $39 million to Sean-Combs (Puff Daddy)

355 North Carolwood (Holmby Hills) – sold for $74 million to Chinese buyers