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

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

By Christophe Choo Posted Oct 24, 2021 In The Press, Latest Updates, Real Estate Articles, Real Estate News, Videos

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

 

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