Last week, homes under contract in Los Angeles County totaled $120.7 million across 20 contracts, reflecting a decrease from the previous 24 contracts worth $157.5 million.
The top property under contract was a five-bed Bel-Air home listed at nearly $9 million, initially on the market for $10.5 million but acquired for $6.8 million.
Despite the slowdown in L.A.'s luxury home market, the deal velocity remains solid, with an average of 56 days on market and strong buyer interest.
Another notable sale was a Brentwood home that closed at $7.5 million before the report's release, showcasing the continuing demand in the high-end market.
Collection
[
|
...
]