Los Angeles residential brokers are navigating high interest rates and new regulations, but top sellers continue to excel, with Beverly Hills and Malibu leading in sales.
Rayni Williams noted that homes in the $10 million-to-$20 million range are seeing the most activity, highlighting the continued demand for luxury properties despite market challenges.
Chris Cortazzo emphasized the appeal of Malibu's real estate, noting that the absence of the ULA tax differentiates it from Los Angeles, attracting affluent buyers seeking luxury.
The implementation of Measure ULA, which levies significant taxes on high-value deals, has motivated buyers to look towards areas like Malibu that are free from such burdens.
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