Los Angeles Market Update | First Quarter 2016

11037 Anzio Road Los Angeles, CA, 90077

Market Highlights

Sotheby’s International Realty’s Greater Los Angeles January 2016 Market Report reveals that Beverly Hills remained the local leader in the sale of homes for more than $3 million, while Santa Monica saw a drastic upswing in luxury home sales compared to the same period last year.

The entire Los Angeles market is getting stronger and we are seeing buyers gravitate toward communities like the Palisades and Santa Monica, which both offer a smaller-neighborhood feel adjacent to a bustling world-class city and incredible amenities,” said Frank Symons, executive vice president and chief operating officer of Sotheby’s Western Region. “Santa Monica Place and the forthcoming Palisades Village development have only increased buyer demand.

  • There were 27 homes sold in Beverly Hills, a 23 percent increase over the 22 homes sold last year.
  • Santa Monica sold 24 luxury homes, an 85 percent increase over the 13 sold last year.

READ THE FULL MARKET REPORT

Property Spotlight

Enjoy a selection of properties now available in Greater Los Angeles.

Gorgeous La Costa Beach House 21614 Pacific Coast Highway Malibu, CA, 90265

Sophisticated & Elegant Beach Property

This elegant, sophisticated, chic La Costa Beach residence is a stunner. Four bedrooms each with their own bathrooms.

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Pied-à-terre on Cove Way 1031 Cove Way Beverly Hills, CA, 90210

Pied-à-terre on Cove Way

Rare opportunity to own a 1-story California Villa built in 2004 or create a major estate on this prime street north of Sunset and just moments to the Beverly Hills Hotel.

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1313 Pine Avenue Manhattan Beach, CA, 90266

1313 Pine Avenue

There is no underestimating this home on the corner of 14th and Pine which emerges in the bright sun as a bold and exhilarating Cape Cod.

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