Is the Real Estate 🏡 Market Crashing? | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert

Is the Real Estate 🏡 Market Crashing? | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert

Are we in a bubble?

NOT according to the FACTS in our Beverly Hills and LA Westside luxury home sales.

Los Angeles Westside and Beverly Hills, Market Update for June 2022

573 sales closed over $5 million this year compared to 571 in 2021

194 sales over $10 million compared to 181 in 2021 +7%

$40,000,000 + 15 in 2022 vs 9 in 2021 Up 67%

$30,000,000 + 24 in 2022 vs 12 in 2021 Up 100%

5 pending sales over $30 million

$20,000,000 + 54 in 2022 vs 45 in 2021 Up 20%

7 pending sales over $20 million

$10,000,000 + 194 in 2022 vs 181 in 2021 Up 7%

25 pending sales 0ver $10 million

$5,000,000 + 573 in 2022 vs 571 in 2021 Up 5%

73 pending sales over $5 million

54 Sales over $20 million 

8 Beverly Hills

11 BHPO

11 Bel Air

10 Malibu

8 Pacific Palisades

2 Hancock Park

2 Brentwood

1 Sunset Strip

1 Holmby Hills

#realestate #housingcrash #realestatemarket #realtor #marketupdate #housing

Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" 

or click "HERE" to estimate your home value