State of the Los Angeles Luxury Housing Market - August 2021

The high end housing market in Los Angeles is still hot breaking price records in almost every neighborhood!

There have been 553 closed sales of $5 plus million so far this year compared to 339 last year at the same time ( UP 63%).

There have been 209 sales of $10 plus million this year and there were 110 $10 plus million-dollar sales at this time last year. ( UP 90%)

There have been 52 sales of $20 million plus this year compare to 26 closed last year at this time. (UP 100%)

There have been 15 sales of $30 plus million this year, versus 11 last year. 8 were $40 plus million versus 5 last year.

80% of our high end home buyers are American. Malibu has the most sales over $20 million plus with 15.