Los Angeles Westside & Beverly Hills 2016 Luxury Real Estate Market Update & Recap

Los Angeles Westside & Beverly Hills luxury real estate market update for 2016 vs 2015

Homes sales in units:

Comparison home sales year end of 2016 vs 2015
$5 m+ 503 in 2016 versus 485 – Up 3%
$10m+ 150 in 2016 versus 140 total 2015 – Up 7%
$20m+ 32 in 2016 versus 37 – down 14%
$30m+ 14 in 2016 versus 15 – down 7%
$40m+ 4 in 2016 vs 6 in 2015 down 34%

3 record breaking sales:
Playboy mansion $100 – Darren Metropolous Hostess
350 Carolwood $100 – Detroit Pistons – Tom Gores
141 South Carolwood – 1936 Robert Farquhar 10 acres: $90 million

$20m+ sales 32 sales– who is buying?
25 American,
2 Swiss,
1 UK
1 Indonesia
1 Qatar,
1 Hungarian
1 Russian
18% foreign buyers

What areas are these homes selling in?
11 in Beverly Hills
8 in Bel Air
4 in Holmby Hills
2 in the Sunset Strip Hollywood Hills
2 in Beverly Hills Post Office
2 in Malibu
2 in Pacific Palisades

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.

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Christophe Choo
The Christophe Choo Real Estate Group
Coldwell Banker Previews International Beverly Hills
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