Luxury homes in SoCal see steady increases in price and sales

Brentwood, Malibu see high points in median sales price
  • Brentwood's growth of 22.9 percent in the past year is unrivaled by any other L.A. areas.
  • West Hollywood median sale price had previously not been surpassed $1,253,260. However, the second quarter of 2016 set a new record of $1.612 million.
  • Despite a Bel-Air estate selling for $39.995 million in 2016, the median sale price in area dropped 13.8 percent from the second quarter of 2015.

Hilton & Hyland represented more than a dozen $10 million-plus home sales through 2016 so far in its latest market report for Los Angeles neighborhoods. From Malibu to Brentwood, Hilton & Hyland reported higher median sales prices, more sales, and increasing price per square foot across almost all of the L.A. metro area.