State of the Los Angeles Luxury Housing Market - August 2021

The Deal with Danny Brown

The high end housing market in Los Angeles is still hot breaking price records in almost every neighborhood!

There have been 553 closed sales of $5 plus million so far this year compared to 339 last year at the same time ( UP 63%).

There have been 209 sales of $10 plus million this year and there were 110 $10 plus million-dollar sales at this time last year. ( UP 90%)

There have been 52 sales of $20 million plus this year compare to 26 closed last year at this time. (UP 100%)

There have been 15 sales of $30 plus million this year, versus 11 last year. 8 were $40 plus million versus 5 last year.

80% of our high end home buyers are American. Malibu has the most sales over $20 million plus with 15.