The Real Estate Market is NOT Crashing and the Sky is not Falling in Beverly Hills & Los Angeles

The Real Estate Market is NOT Crashing and the Sky is not Falling in Beverly Hills & Los Angeles | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert

Beverly Hills & Los Angeles Westside, Market Update Thru the end of September 2022

Homes sold over $10 million in the last 13 years.

2021: $10,000,000 + 395 up 605% increase in 10 years.

2020: $10,000,000 + 219

2019: $10,000,000 + 162

2018: $10,000,000 + 160

2017: $10,000,000 + 185

2016: $10,000,000 + 160

2015: $10,000,000 + 140

2014: $10,000,000 + 131

2013: $10,000,000 + 95

2012: $10,000,000 + 92

2011: $10,000,000 + 56

2010: $10,000,000 + 68

2009: $10,000,000 + 39

2008: $10,000,000 + 47

Average sales prices for September 2022 versus 2021

Beverly Hills city: $10,121,824 in 2022 vs $9,009,508 in 2021 up 12.35%

Bel Air & Holmby Hills: $6,502,833 in 2022 vs $4,402,671 in 2021 up 48%

Sunset Strip Hollywood Hills West: $4,832,111 in 2022 vs $3,085,347 in 2021 up 57%

Malibu Beach: $7,746,667 in 2022 vs $5,001,250 in 2021 up 55%

BHPO: $4,073,714 in 2022 vs $5,540,125 down 26%

$40,000,000+ 19 in 2022 vs 13 in 2021 Up 46%

$30,000,000+ 33 in 2022 vs 24 in 2021 Up 37.5%

$20,000,000+ 70 in 2022 vs 78 in 2021 down 10%

$10,000,000+ 256 in 2022 vs 293 in 2021 down 12.5% - 25 pending sales vs 52 in 2021.

$5,000,000+ 780 in 2022 vs 880 in 2021 down 11%

74 pending sales compared to 119 in 2021

70 Sales over $20 million

14 in Bel Air

14 in Malibu

11 in the city Beverly Hills

11 in BHPO - Beverly Hills Post Office

10 in Pacific Palisades

3 in Brentwood

3 in the Sunset Strip Hollywood Hills West

2 in Hancock Park

2 in Holmby Hills

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