Christophe Choo’s Luxury Market Update

Christophe Choo’s Beverly Hills & Los Angeles Luxury Market Update – October 2013

$5 million + sales 2012 versus 2013:
2012 = 256 closed versus — 2013 = 280 closed a 9% increase.

$10 million +
2012 = 64 closed versus — 2013 = 74 closed a 14% increase

$20 million +
2012 = 9 closed versus — 2013 = 12 closed a 25% increase

2 pending over $20 million right now.
Today’s luxury buyers want turnkey & instant gratification and views add tremendous value and it It can be as much as 50% of the sales price.

Notable recent sales in LA & Beverly Hills:
107 Delfern Drive — Holby Hills: $24 million 10k sq. ft. Under 2 acres
730 Sarbonne Rd — Bel Air: $23.5m 19k sq. ft. ¾ acres views
1050 Moraga Dr — Bel Air: $28.8m 7k sq. ft. 13 acres Murdoch
904 N. Crescent Dr. — Beverly Hills $32,750,000 48k sq. ft. 1 acre+