In September 2011 I Predicted the Ultra Luxury $10 Million Dollar Home Market Would be Booming in Los Angeles & Beverly Hills.
In early September 2011 I predicted the luxury real estate market in Beverly Hills & the Platinum Triangle areas of Los Angeles would be booming. My prediction has come true. Our luxury real estate market has continued to gain steam and here are some interesting statistics for the first two and a half months of 2014 versus the same period in 2013.
$5 million dollar plus home sales: 61 closed in the first two and a half months of 2014 versus 50 in 2013 - a 122% increase in sales.
$10 million dollar plus home sales: 22 closed in the first two and a half months of 2014 versus 15 in 2013 - a 146% increase in sales.
$20 million dollar plus home sales: 7 closed in the first two and a half months of 2014 versus 3 in 2013 - a 233% increase in sales.
The higher the price the stronger the market.
According to our local Los Angeles MLS here are some of the median home price increases for the 4th quarter of 2013 versus 4th quarter of 2012
The numbers are quite amazing:
Beverly Hills up 37%
Beverly Hills Post Office up 7%
Bel Air & Holmby Hills up 36%
Sunset Strip up 15%
Brentwood up 40%
Have you had thoughts of selling?
Call us if you want to know how much your home has gone up. 310.777.6342