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Los Angeles Luxury Market Update 2018 | The Numbers Are Shocking

2,241 views · Published 27 December 2018 · 16:09 · Indexed 10 October 2026

Channel: Christophe Choo - Beverly Hills & LA Real Estate · 2018 · People & Blogs

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Christophe Choo Los Angeles & Beverly HIlls Luxury Real Estate Market Update for end of 2018

2018 : $10,000,000 + so far 149 vs 179 down 17%
2017 : $10,000,000 + 179 Sales up 15% 393% increase in 9 years
2016: ~ $10,000,000 + Sales ~ 160
2015: ~ $10,000,000 + Sales ~ 140
2014: ~ $10,000,000 + Sales ~ 131
2013: ~ $10,000,000 + Sales ~ 95
2012: ~ $10,000,000 + Sales ~ 92
2011: ~ $10,000,000 + Sales ~ 56
2010: ~ 10,000,000 + Sales ~  68
2009: ~ $10,000,000 + Sales ~ 39
2008: ~ $10,000,000 + Sales ~ 47

Luxury  home sales for all of 2018 vs 2017
$5 m+ 560 in 2018 versus 572 in 2017 Down 2%
$10m+ 149 in 2018 versus 179 in 2017 - Down 17%
$20m+ 39 in 2018 versus 51 in 2017 - Down 24%
$30m+ 18 in 2018 versus 22 in 2017 - Down 22%
$40m+ 9 in 2018 vs 9 in 2017 
Of the 39 $20 M+ Sales where are they?
11 in Beverly Hills
9 in Malibu
5 in Bel Air
4 in the Sunset Strip
3 in Beverly Hills Post Office
2 in Holmby Hills
2 in Pacific Palisades
3 in Brentwood
18 of 39 $20 M+ SOLD off market 46%

Sunset Strip, 1894 Stanley Ave. sold for $33,000,000 to Monaco Citizen, Frank Binder.

Beverly Hills, 1028 Ridgedale sold for $64,000,000 to Australian, James Packer.

BHPO, 1520 Gilcrest sold for $41,500,000 to American, Paige Laurie.

Bel Air, 10671 Chalon sold for $85,000,000 to Japanese, Hideki Tomito.

Brentwood, 2 Oakmont sold for  $26,000,000 to a member of the Milken family, American.

Palisades, 1690 San Remo sold for $33,850,000 to American, Bui Simon.

Malibu, 22258/22310 PCH sold for $110,000,000 to American, Michael Smith.

$20m+ sales 31 total sales so far in 2018 – who is buying?
77% American
1 Canada, 1 Japan, 1 Mexico, 1 Monaco 1 U.K. 1 eastern Europe, 1 Saudi Arabia, 1 China, 1 Australia, 1 Switzerland

Areas:
Hancock Park
Sunset Strip
Los Feliz
Beverly Hills
BHPO
Westwood
Hollywood Hills
Bel Air
Brentwood
Santa Monica
Pacific Palisades
Malibu

Christophe Choo is in the top 1% of Realtors internationally with 30 years experience as the President & Broker for the Christophe Choo Real Estate Group at Coldwell Banker Global Luxury in Beverly Hills. The #1 Coldwell Banker Real Estate in the United States for 23 years and is the most comprehensive source for luxury real estate listings, from estate homes to luxury condominiums, incredible tear down opportunities and investment properties. Christophe was voted as the #1 Real Estate Video Influencer for North America in 2018.

Based in beautiful Beverly Hills, California 90210, the Christophe Choo Real Estate Group provides exclusive luxury homes for sale on a local, global and international stage. Hence the tagline: “Locally Known – Globally Connected”. 

Search for luxury properties in your area, whether in the “Platinum Triangle” areas of the Westside of Los Angeles of Beverly Hills, Holmby Hills and Bel Air or in The Sunset Strip, Hollywood Hills, Brentwood, Westwood, the Wilshire Corridor, Century City, Pacific Palisades, Santa Monica, Malibu, Venice, Marina Del Rey, Cheviot Hills, Hancock Park, Los Feliz and the key Westside areas of Los Angeles, the Christophe Choo is the luxury Realtor that can help you achieve your selling or buying goals in Los Angeles.
 
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The Christophe Choo Real Estate Group
Coldwell Banker Global Luxury 
Beverly Hills Realtor – Luxury Real Estate Agent
Email: [email protected]

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