2014 Luxury Home Sales Records

Great article in the Wall Street Journal stating that luxury homes are spending less time on the market.  In fact, on average in 2014, homes listed over $30 million have sold faster than homes listed between $5 million – $29.9 million.  Read the full article.

  • There have been 94 closed sales of 10+ million this year, versus 69 at this time last year.
  • There have been 308 sales of 5+ million, versus 238 at this time last year.
  • There have been 24 sales of 20+ million, versus 14 for all of last year.  Of the 24, 11 were over 30 million and 6 were over 40 million.
  • There were only 5 sales of 30 plus million all of last year and 2 of 40 + million.

The breakdown of the 20 million plus sales is:

  • Holmby Hills ~ 9
  • Malibu ~ 5
  • Beverly Hills ~ 2
  • Bel Air ~ 2
  • Sunset Strip ~ 1
  • Beverly Hills PO ~ 1
  • Brentwood ~ 2
  • Santa Monica ~ 1
  • Palisades ~ 1