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— February 12, 2021 —

Luxury Real Estate Update $5MM+

2020 was the best year ever for HIGH-END sales on the Westside of Los Angeles.
725 closed sales of $5+ million in 2020, versus 560 in 2019, +30%.
Of these, 219 were $10+ million in 2020, versus 162 in 2019, +35%.
61 of these were $20+ million in 2020, versus 43 in 2019, +42%.
$30 and $40+ million dollar sales were down slightly.  There were 19 closed sales of $30+ million in 2020 and 21 closed sales of $30+ million in 2019.  Of these, 8 were $40+ million in 2020 and there were 10 closed sales of $40+ million in 2019.
Of the 61 sales of $20+million in 2020, the 54 buyers (89%) were American buyers.
The hottest areas of the sales in order of sales volume were:
15 in Beverly Hills just west of Hancock Park
12 in Malibu
10 in Bel Air
8 in Brentwood
5 in Beverly Hills Post Office
5 in Holmby Hills
3 in Sunset Strip
2 in Pacific Palisades
1 in Santa Monica.