DataMarkets & Economy

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. . Brentwood Median sale price: $2,787,500 Listings: 130 Sold: 48 Price per square foot: $887 Brentwood's continuous growth over a three-year period is unrivaled by any other neighborhood in Los Angeles. Since 2013, the median price of homes climbed from $2.4 million to $2.95 million, which is an increase of 22.9 percent. The average price per square foot has also increased, almost perfectly with median price, growing 22.5 percent from $844 to $1,034. Beverly Hills Median sale price: $5.995 million New listings: 91 Sold: 34 Price per square foot: $1,336 Median sales price in Beverly Hills increased more than $1 million from the first to ...