Tagged : record-breaking sales

There are currently 4 blog entries matching this tag.

Earlier this year, I wrote about what would happen to the Los Angeles real estate market in 2016, so I feel it is only right to reflect on the expectations for, and the realities of, what happened this past year. Probably everyone can agree, 2016 was a tumultuous and unpredictable year in world events, politics, and pop culture. However, the 2016 Los Angeles real estate market did more or less what was expected. 

So... what did we get right and what did we get wrong? Our grades for each prediction are below.

City of Los Angeles at Sunset

Prediction #1: Housing prices will stabilize

Grade : C for what was expected (but a B+ for the market!)

While economists did predict further improvements to the housing market, it was expected to slow down. In our 2016 predictions blog

2,272 Views, 5 Comments.

The most expensive home sold in Trousdale Estates, Beverly Hills

1181 Hillcrest Road, a Trousdale Estates spec home, was one of the most ambitious spec houses built and listed in the neighborhood, the City of Beverly Hills, and all of Los Angeles. At approximately 22,300 square feet of living space on a 41,608 square foot lot, this home was originally listed for $85,000,000 and sold this past week for $70,000,000 ($3,139/square foot) to Swedish tech billionaire Markus "Notch" Persson, creator of the video game Minecraft. Persson outbid multiple buyers including power couple Sean Carter, aka Jay-Z, and Beyonce Knowles. The $70 million sale sets a Beverly Hills record for the price paid for a singe-family home.

The question is what makes this property worth $70M? The answer is a combination of location, views,

16,931 Views, 4 Comments.

Fleur de Lys | 350 N Carolwood Dr | Beverly Crest

How hot is the ultra-high-end real estate market in Los Angeles? Hot enough for a home to break the elusive $100 million barrier for the first time ever in all of Southern California. And the home in question sold after being on-and-off the market (but always available if you knew who to call) since 2007. Not only did the mansion find a buyer or even two buyers; the house sold after a bidding war between three billionaires.

Fleur de Lys is the First Los Angeles Home to Sell for Over $100 Million

The home to break the $100 million barrier in Los Angeles was none other than Fleur de Lys, located at 350 N Carolwood Drive, a mansion known as much for its optimistic price that was never lowered as much as it was known for the extravagent luxuries

37,333 Views, 2 Comments.

Perhaps you noticed construction at the Brody House recently came to a close and you were wondering when the architectural gem located at 360 South Mapleton Drive in the Holmby Hills would hit the open market.

The Brody House | 360 South Mapleton Drive Holmby Hills 90024

The Brody House, commissioned by philanthropist art lovers Sidney and Francis Brody and designed by architect A. Quincy Jones, interior designer Billy Haines, and landscape architect Garrett Eckbo, was built in 1949. The Holmby Hills house first went up for sale in 2010, when it sold at the end of 2010 for $14.888 million to an investor with the intent of flipping the home.

When it sold in 2010, the house was 11,500 square feet situated on about 2.3 acres, with nine bedrooms (including 4 staff bedrooms) and seven and a half bathrooms, a

9,511 Views, 2 Comments.