High-end resi deals flat but dollars up 44% with $231M in signed contracts

"Countywide, 25 single-family homes and condos went into contract last week, which equated to $230.6 million in listing volume, according to Douglas Elliman's Eklund Gomes team. That's up about 44 percent in volume from the year-ago period, with the total number of contracts flat year-over-year. The Eklund Weekly Luxury Report Los Angeles, which is compiled by Eklund Gomes' Marcy Roth, counts only properties listed in the Multiple Listing Service with asking prices of $4 million or more."

"A newly built Hidden Hills estate was L.A. County's top home to land a buyer and go into contract last week based on its nearly $40 million asking price. The listing price of the property, located at 24255 Bridle Trail Road, pencils out to $1,998 per square foot. Douglas Elliman's Marc Shevin and Hanna Shevin hold the listing. The seller is a limited liability company, which property and state records show is managed by local real estate developer Tzvika Diner."

Los Angeles County had 25 single-family homes and condos go into contract last week, totaling $230.6 million in listing volume, a 44 percent increase in volume year-over-year while the number of contracts stayed flat. The count includes only Multiple Listing Service properties with asking prices of $4 million or more. A new Hidden Hills estate at 24255 Bridle Trail Road went into contract with a nearly $40 million asking price, about $1,998 per square foot; the seven-bed, 11-bath home is just over 20,000 square feet on nearly three acres and was built in 2024 with a range of amenities. A Maybourne Beverly Hills Hotel condo at 225 North Canon Drive asked $28.8 million, or $5,080 per square foot, and was the only condo to go into contract.

Read at therealdeal.com