Los Angeles County luxury residential agents experienced a surge in signed contracts for homes priced at $4 million or more last week, totaling contracts for 28 homes valued at $243.7 million.
Beverly Hills maintained its status as a luxury property hotspot, benefiting from exemptions to the City of Los Angeles' Measure ULA, thus avoiding hefty transfer taxes on high-end sales.
The top contract last week was a $25 million listing on Shadow Hill Way, highlighting Rohan Oza, known for his connections to Vitaminwater and Smartwater, as the seller.
The luxury market remains robust as evidenced by the increase in multimillion-dollar contracts, with Beverly Hills properties leading the charge in high-value sales.
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