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Real Estate Sales Over $5MM Market Update



New records abound across Los Angeles for Estates!
Year to date that have been 321 closed sales over $5+million versus 172 at this time last year.  Up an amazing 87%.
The buyers were mostly American (75% of purchases).
In the price segment over $10+ million, there were 49 sales, up +125%.  There were 24 sales over $20+ million, up +100%.
The highest sale was $87 million for nearly 3 acres in Malibu (Pacific Cove) with nearly 300′ of beach front. Diana Jenkins, a Bosnia-born entrepreneur and philanthropist was the last owner.  In the 1980s the late Kenny Rogers called it home.
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It is amazing how many pending sales there are at the moment – 109 pending sales over $5+million
Hancock Park is a down right value for its central location, beautiful community and stunning architecture!


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