PACIFIC PALISADES SEES A 94 PERCENT INCREASE IN LUXURY HOME SALES IN OCTOBER 2015 ACCORDING TO SOTHEBY’S INTERNATIONAL REALTY’S L.A. MARKET REPORT

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By The Hoyt Organization -

LOS ANGELES – November 13, 2015 – (RealEstateRama) — Sotheby’s International Realty today released its Greater Los Angeles Market Report which revealed Pacific Palisades as the top luxury market ($3 million and higher) with a 94 percent increase in single family home sales in October 2015. Westwood and Cheviot Hills saw the second largest increase in luxury home sales with a 50 percent increase and Beverly Hills Post office followed with a 46 percent increase.

Released monthly with rolling three-month data, the Sotheby’s International Realty Greater Los Angeles Market Report is a comprehensive analysis of real estate market activity in the area across the top 33 markets to keep audiences up-to-date on trends at the macro and micro level for single-family homes and condominiums

In addition to the top markets with the greatest increase in luxury home sales, the top luxury markets with the highest average sold prices were also revealed with Malibu Beach as the highest at $9,643,750, Beverly Hills as the second highest with $9,254,528 followed by Beverly Hills Post Office with $7,885,878.

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