#los-angeles-luxury-real-estate

#los-angeles-luxury-real-estate

As construction activity revs up in the Pacific Palisades, so too do signed contracts and new listings. The neighborhood held the No. 1 spot among Los Angeles County signed contracts and listings, according to the Eklund Weekly Luxury Report Los Angeles. The priciest home to be added to the county's for-sale inventory, according to the Eklund report, was 766 Paseo Miramar. That represented a relist as it bounced back into the market with a $30 million price tag, or $1,630 per square foot.

Market watchers may be hoping Los Angeles got the last of its summer hangover out of its system as families return from overseas vacations and kids trek back to the classroom. The total value of homes that went into contract last week in L.A. County's high end slid 48.2 percent from a year earlier, with asking volume coming out to $126.2 million, according to a report compiled by Marcy Roth of Douglas Elliman's Eklund Gomes team.