Luxury Market News

Gore Vidal’s Los Angeles Home Sells for $3.75 Million

The Los Angeles home of acerbic American intellectual Gore Vidal has sold for $3.75 million, according to property records. Vidal, who died in 2012 at age 86 from complications of pneumonia, spent the last decade of his life in the nearly 4,80...

WEA December 2016 Micro Report

Where Land Surpasses Property Values

WASHINGTON – Jan. 17, 2017 – In some markets, the land is more valuable than the home that stands on it. Case in point, in San Francisco’s Sunset District, a fire destroyed a home for sale leaving it inhabitable. Despite that, last Febru...

Housing Market Expected to Climb to All-Time High

America’s housing market is more valuable than ever. The combined value of every home in the U.S. is expected to climb to a record high of $29.6 trillion this year, up 5.7 percent from last year, according to Zillow, an online real estate ma...

DJ Samantha Ronson Spins a Home Sale in Santa Monica

Disc jockey and singer-songwriter Samantha Ronson has sold her quaint home in Santa Monica for the asking price of $1.299 million. The cozy bungalow, built in 1926, features hardwood floors, wood-paneled accent walls and beamed ceilings. Set ...

Glass Castle in Bel Air Sells for $39 Million

An unidentified businessman has bought the massive—and somewhat controversial—spec home on Stradella Road in Bel Air for $39 million, according to a listing agent for the property. The architectural house designed by Paul McClean went on t...

The Trump Effect

Since my last letter, we have elected a new President of the United States. Whether you are for or against him, Donald Trump will be our new President come mid-January. It seems quite clear that our POTUS-elect has chosen to put successful...

WEA November 2016 Micro Report

‘Full House’ Creator Gets $20.2 Million for Spec House, and Other Top Sales

A pricey trade between limited liability companies, a TV producer’s score above the Sunset Strip and the sale of a Hollywood director’s former home were among the high-water transactions recorded through the middle of November. Here’...