Slow season for luxury real estate in LA? Not a chance

Top five submarkets accounted for 21 more luxury sales during a recent period
  • Luxury brokerages are expanding in response to the strength of Los Angeles' high-priced submarkets.
  • Beverly Hills and Pacific Palisades are the most active submarkets for luxury home sales.
  • The Bel Air - Holmby Hills and Malibu Beach submarkets have the highest average priced luxury sales.

The top five submarkets in Los Angeles for luxury home sales, those valued at more than $3 million, accounted for a total of 115 transactions spanning December to February.

This total is noticeable as it occurred during what is historically a slow period for sales. Additionally, the 115 transactions compare to 94 luxury sales that occurred during the same three-month period last year, according to a Sotheby’s International Realty’s Greater Los Angeles market report.