What was the Real Record High Sale Price for Los Angeles in 2009?
The Associated Press reported today that "Sales of million-dollar homes in California fell 24 percent in 2009, the fourth straight annual decline and the lowest total in seven years."
The article stated that the most expensive California home sold last year was a 23,000 sq ft mansion in the Bel Air area of Los Angeles. (This was actually a spec project.)
I double checked the records and found this to be incorrect .....
The most expensive home sold was in fact a 27,000 sq ft mansion on Beverly Park Circle in Beverly Hills, 90210.
The 10-Bed 14-Bath property sold for $31.5 Million, well below the original List Price of $45 Million.
To keep these "Record Prices" in perspective, I double checked to see what the Highest Sales Price was in 2008 .....
It was $36.7 Million for a 9-Bed 18-Bath 27,000 sq ft home, also on Beverly Park Circle in Beverly Hills, 90210
Information obtained from The MLS is deemed reliable but not guaranteed. Photos courtesy of The CLAW MLS.