L.A. County's luxury residential market saw signs of stabilization, with last week's signed contracts totaling $199.7 million over 26 deals, mainly in single-family homes. This is a decrease from the previous week's $301.3 million but signals a return to normalcy following an impressive surge. Eklund Gomes Managing Director Marcy Roth noted that if this pace continues, 2025 could be a strong year for real estate. The top contract was a massive mansion in San Gabriel Valley, demonstrating high-value interest in luxury homes in the region.
The asking dollar volume of signed contracts in L.A. County last week reached $199.7 million across 26 contracts, indicating a hopeful return to normalcy in luxury real estate.
Eklund Gomes Managing Director Marcy Roth noted, 'If new contract activity maintains this pace, 2025 will shake out to be a robust year for real estate.'
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