The Agency’s Second Quarter Report for the Los Angeles prime residential markets was just released today, and its findings not only reveal sustained growth but record-setting highs across the most sought after neighborhoods. The number of single-family residence transactions topped 1,053 over the warm spring months, which set a new 10-year record. Also impressive is the fact that The Agency represented 2 of the recorded 5 sales in the ultra-luxury category, further cementing our team as the leader in the $20 MM+ home sales segment.
Our latest Neighborhood Spotlight, a quarterly series that features a special market within Los Angeles, invites readers to delve into the beachside community of Malibu. From the historic Malibu Pier to the multi-million dollar homes clinging to the shores of “Billionaire’s Beach”, you might just learn something new about this 21 mile-stretch of beautiful coastline.
To read the full report, click here. The report analyzes all condominium sales over $500,000 and single-family home sales over $1,000,000 in the prime neighborhoods of Los Angeles – stretching from downtown to Santa Monica and Malibu and roughly from the 1-10 Freeway to Mulholland Drive.
The Research & Planning Team is a part of the New Development Group at The Agency. Collectively, they are advising on the most important new developments on the West Coast. For information on market intelligence, or for individual property analysis, please contact Morgan Ball – Associate Director, New Development – at 424.230.3748 or morgan@TheAgencyRE.com.