The luxury market over $5 million in Los Angeles as of the end of Q3 2019.
The number of closed sales are down -8% for the year. There have been 394 sales YTD versus 427 at this same time last year.
Of these, 105 sold over $10 million+ versus 125, a 16% decrease.
27 sales were over $40 million vs 5, a 38% decrease.
Most sales over $20 million are to Americans and the top 3 neighbors remain Beverly Hills, Bel Air & Malibu.
The market has picked up and there are 68 pending sales over $5MM. 21 of these are $10 million+, 6 are $20 million+, 3 are $30 million+ and 2 are over $40 million!
Thank you to our colleagues at Coldwell Banker Global Luxury for tirelessly tracking these details for us!