I N S I G H T I N T O T H E U LT R A - L U X U R Y R E A L E S T A T E M A R K E T
CALIFORNIA MARKET REPORT
BESPOKE LUXURY MAGAZINE
1048 TOTA L $ 1 0 M + S A L E S 2020 - 2021
277 SALES IN 2020
California sold $12.7 billion worth of $10 million+ trades in 2021.
44
771 SALES IN 2021 ↑178.34%
In 2021, the $10 million+ real estate market in California emulated that of South Florida’s boom, a year characterized by rapid growth and immense ultra-luxury transactions. The state had a 178 percent increase in sales volume, and average sales price of $17.7 million.
In February of 2021, an estate in Malibu sold for 177 million, breaking Los Angeles County’s record for highest closing price. Still, Los Angeles County’s sales remained steady, with only a six percent deviation in sales volume per quarter.