WHAT’S HAPPENING WITH LUXURY HOME SALES IN LOS ANGELES?

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LOS ANGELES—Luxury single-family home sales are spiking in Los Angeles. According to a report from Sotheby’s International Realty, home sales in the Pacific Palisades were up 94% from October 2014 to October 2015. Home sales also spiked in other Los Angeles luxury markets, up 46% in the Beverly Hills Post Office market, 50% in Westwood, 40% in Venice and 50% in Cheviot Hills.

“We are seeing recovery in all price ranges in the market, and most markets are fairly robust. In the luxury market, we are also seeing a robust market as well,” Frank Symons, EVP and COO at Sotheby’s International Realty, tells GlobeSt.com. “In the over the $3 million market, if you look at the quarterly results year-over-year, you can see that the numbers indicate how robust that market is. We work within pretty broad price ranges, and in those price ranges, we are seeing that all sectors are doing well.”

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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