Market Report – Los Angeles
Single-family residential market in L.A.’s top neighborhoods has only strengthened. In the second quarter of 2017, prices and total sales were up, and it took less time to sell a home. In fact, the average price per square foot for a single-family home in the $1 million and up category rose to its highest point ever, averaging $2.9 million, or about $947 per square foot.
Price increases have not dissuaded buyers, and the number of high-end home sales in the second quarter of 2017 increased 13.1% from one year ago. High-end condominium sales over $500,000 also saw a jump, with a 23% increase in one-bedroom unit sales, and 10.4% increase in two-bedroom unit sales, while prices remained relatively stable.
As The Agency continues to set its sights on growth and innovation, we were thrilled to open two new offices in Pacific Palisades and Calabasas, bringing our count to 13 locations worldwide.
Redefining the Beverly Hills Estate, Beverly Hills
1006 Lexington Road
Beverly Hills, CA 90210
7 Bedrooms/12 Baths
16,400 SQ.Ft • Listed at: $32,000,000
This newly constructed estate features a stunning, light-filled atrium, theater, auto gallery, parklike grounds and custom design elements throughout grand-scale living spaces.
Agents: Mauricio Umansky (424) 230-3701 Rouja Koleva (424) 400-5922
Villa Sogno (Malibu)
29917 Pacific Coast Highway, Malibu, CA 90265
7 Bedrooms/11 Baths
4.04 Acres • Listed at: $29,000,000
Situated on its own four-acre bluff above Zuma Beach, this newly built Tuscan villa designed by Douglas Burdge spares no expense while offering front row coastline views amid total privacy.
Agents: Angel Kou (424) 221-5042
Blair Chang (424) 230-3703
Mission Bay Penthouse (San Fransisco)
480 N Mission Bay Boulevard, #1405
San Francisco, CA 94158
3 Bedrooms/ 2 Baths
Sophistication and luxury combine at this 14th-floor residence which presents sweeping city and water views through floor-to-ceiling windows, gorgeous hardwood floors and the finest finishes.
Agent: Rachel Swann (415) 943-9520