Holiday slowdown hits L.A. resi's high end

"The holiday slowdown has hit Los Angeles' residential market. Mega deals have quieted down and signed contract volume overall has slowed countywide, with the latest roundup showing the slump continuing through last week, according to a report compiled by Marcy Roth of Douglas Elliman's Eklund Gomes team. We think this will likely be the trend as we move through the holiday season, Roth said of the downshift."

"A Malibu home at 28036 Sea Lane Drive was last week's top home to go into contract based on listing price. The sellers are asking just under $11 million, or $2,640 per square foot. Property records show the sellers are two trusts. One is tied to Leighton R. Taylor and the other is linked to Taylor's son, Rob Taylor, and his wife Claudia Taylor. Rob and Claudia Taylor run Sea Lane Studios, a project management and design firm in Malibu."

Los Angeles luxury residential market experienced a holiday-season slowdown as mega deals quieted and overall signed contract volume slowed countywide. Total asking volume last week for homes that fell into contract was $121.1 million, down 14.2 percent from the year-ago period, while the number of signed contracts held steady year‑over‑year at 17. The count covers properties listed at $4 million or more in the Multiple Listing Service. Last week's top contract by listing price was a Malibu home at 28036 Sea Lane Drive, asking just under $11 million, with sellers tied to two trusts and owners linked to Sea Lane Studios. The next largest contract was a Pacific Palisades property at 14148 Rustic Lane, asking $10.4 million.

Read at therealdeal.com