Luxury Market News

LA Residential Sales Activity Jumps 25%

Sales price up in Q2, and properties are spending less time on the market: Elliman Number of sales in Greater Los Angeles, primarily Westside and Downtown (Data source: Douglas Elliman 2Q2017 Report, Data visualization: Naiwen Tian) Fal...

Malibu’s Dolled-Up Downtown Draws New Buyers & More

Check out what the agents at WEA are reading this month… Malibu’s dolled-up downtown draws new buyers The Cost of a Hot Economy in California: A Severe Housing Crisis Check Out This Amazing Map That Features Every L.A. Neighbor...

WEA Micro Market Report | Q2 2017

The Sales Keep on Coming

As we enter the summer season, the results of the year to date sales of high-net-worth homes remain outstanding, and that might be an understatement. As of May 15, 2017, there have been: 202 sales of $5+ million homes compared to 187 by t...

Ten Best Cities for Global Real Estate Investors According to Forbes.com

According to an article published on Forbes.com, “the best city in the world to invest in real estate is… Los Angeles. The City of Angels beat out London as the new hot spot for global real estate investors in the third annual Schro...

Home Prices Are Surging In LA’s Priciest Neighborhoods & More

Check out what the agents at WEA are reading this month. Home prices are surging in LA’s priciest neighborhoods La La Land values: A peek at the numbers behind the spec homes arms race The Long View: The brokerage industry’s conflict of ...

A Legendary Hollywood Hills Home, Whose Renters Included John Belushi and Liza Minnelli, Changes Hands

Storied homes are legion in the Hollywood Hills, but one just north of Sunset Boulevard arguably boasts the lion’s share of tales, along with a larger-than-life owner. Producer Chet Sampson bought the Marmont Lane house in 1969 for $69,000 �...

Congratulations to Our Brokers Who Achieved Top Status in The Real Deal Annual Broker Survey for Los Angeles!

As part of The Real Deal’s April issue, they ranked the 30 most prolific agents for single-family home sales $7 million or higher, based on the dollar volume of their deals between March 2016 and March 2017. See our top ranking agents below ...

David Geffen Lists Malibu Beach Mini Mansion for $8.99M

Dreamworks executive David Geffen is basically having a low-key fire sale, listing yet another house he owns on Malibu’s Carbon Beach, just weeks after selling another, much larger property on the same beach for $85 million (or maybe $87 mill...