A. BRADLEY NELSON
Chief Marketing Officer Sotheby's International Realty
AVIEWFROM LOSANGELES 2021proved to be a perfect storm for the high-end housing market as the starts-and-stops of the pandemic?s reopening fueled even stronger demand for larger homes and inventory struggled to keep pace. Here in Los Angeles, the luxury market continued to thrive, as the trends in this report explore. Home sales over the $10M price point were up 81%in 2021compared with the prior year.
RECENTMARKETMOVERS 2021saw new price records in neighborhoods West of the 405 Freeway that were once only achieved in Bel Air and Beverly Hills. The top sale of the year was $177 Million for a Malibu estate overlooking the Pacific Ocean, while the Pacific Palisades enjoyed a new high-water mark of $83Million and Brentwood followed suit with a $65 Million celebrity purchase. While inventory levels are historically low, there are still quality options. We invite you to explore them all at sothebysrealty.com.
JOSEPH CILIC
81%
increase in sales over $10 million
2
Photo Credit: Jim Bartsch
Real Estate Professional 1421044 Sotheby's International Realty 310.925.1402 | Joe.Cilic@Sothebys.Realty
BEVERLY HILLS ENGLISH ESTATE
120 1 Tower Grove Drive Beverly Hills, CA 90210 $49,950,0 0 0 7 Bedrooms | 15 Bathrooms 16,439 Sq ft . (Approx.) 3 Acres (Approx.)