How is the activity in the Ultra Luxury Home Market in Los Angeles...

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/56jK

How is the activity in the Ultra Luxury Home Market in the greater Los Angeles area?

This question is asked by virtually everyone on the Globe. Not only from the Billionaires that are looking to purchase a home either in Bel Air or Beverly Hills, but from all the prognosticators of real estate activity. Beverly Hills, Bel Air and Holmby Hills are not only the leaders in the Ultra Luxury Market in the United States, at the same time we are the trend setters for the rest of the country and the world.

Let us look at the “On the Market Activity”.  As you are reading this post, let me clarify, the definition “on the market” is not as clear, even for some of the local Realtors, hence it could be convoluted for someone looking in from other parts of the nation or from Globally as well.  These lines are blurred.

A listing will appear north of a hundred million and invitations go out to the Real Estate Community’s agents who have been known to have clients in the price range. The property might appear in the Multiple Listing Service (MLS) or it might not. Generally, there would be a strong marketing that would accompany such a trophy property.

Agents need to be connected to the network of Ultra Luxury Listing Agents or have a system of tracking this highly exclusive market. Having a great memory helps as well since the listings do not stay on the radar for long😊!

I will use as an illustration “the Ultra Luxury Homes” that are currently on the market:

www.endrebarath.com

(1)    There is a $250-million-dollar home at 924 Bel Air Rd, Bel Air, CA 90077 with all the amenities one could imagine included in this Ultra Luxury Home. (Not in the MLS due to listing expiration) Still for sale? Absolutely!

(2)     Less than two miles from it another Ultra Luxury Home listed for $200 million on 594 S. Mapleton Dr., Los Angeles, CA 90024 in the MLS.

www.endrebarath.com

(3)    From that one about 4 miles away in the Beverly Hills 90210 on 9505 Lania Ln., there is one for $129 million.

Anyway, you get the idea…

There are about ten to fifteen other homes from $100 million to $180 million on the market, but not all are listed in the MLS or any other platform. So, if you are considering acquiring a Beverly Hills Ultra Luxury Trophy Home please reach out to me directly for a confidential discussion and private viewing of these fantastic homes.

There have been a handful of recent sales that have had significant impact on the greater Los Angles Ultra Luxury home prices. This of course we can discuss when we are ready to negotiate on one of these Trophy Properties.

In case you are wondering, “Owlwood” the one time residence of Sonny & Cher and  of course “The Playboy Mansion”  of Hugh Heffner to name a few. Oh I would be remiss if I did not mention the Spelling Estate.....

If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations.

 

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Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  I can't even imagine working a sale in the nine figure category.

Aug 06, 2017 05:08 AM #3
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Aug 06, 2017 07:12 AM #4
Ambassador
3,855,580
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre these homes are HUGE, they are bigger than some hotels I have stayed at. I could retire if I did a mortgage in that price range :)

Aug 06, 2017 02:18 PM #5
Ambassador
2,799,831
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Endre - That's another world and I wonder what I know about real estate that would be relevant in such a market - probably not much : )

Aug 06, 2017 03:23 PM #6
Rainmaker
3,248,735
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Endre

The ultra luxury home market in Los Angles the $100 million to $180 million is an amazing real estate market.

Lou Ludwig

Aug 06, 2017 08:51 PM #7
Ambassador
3,440,115
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

WOW! That is a crazy market you're in, Endre!  I just can't fathom prices over $10M and really think I'm doing well when I sell a $1M home! 

Now, that's an ultra luxury market you have there in LA and you're the go-to agent in LA for these homes!

Aug 06, 2017 09:38 PM #8
Rainer
352,894
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Nice demonstration of life in luxury real estate Endre Barath, Jr. Glad you have the stomach for it.  

Aug 06, 2017 09:42 PM #9
Rainmaker
1,513,824
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Well it makes the most expensive real estate on Maui look like such a bargain.  No wonder people from Hollywood gravitate here.

Aug 07, 2017 09:12 PM #10
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff Dowler  we have a large inventory between $50 -$85 million as well, I just did not address it here, endre

Aug 07, 2017 09:53 PM #11
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Cerrano  how is your luck in the Lottery department? needless to say when you are ready you will get good representation from me, Endre

Aug 07, 2017 09:54 PM #12
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe Sanders  the principals are the same, doing the best for your clients and give them good advice, Endre

Aug 07, 2017 09:57 PM #13
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gita Bantwal  thank you for stopping in, always love it, Endre

Aug 07, 2017 09:57 PM #14
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  at this point in time you are right, unfortunately most of these transactions are not loans.....Endre

Aug 07, 2017 09:58 PM #15
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dick Greenberg  you are too humble, the principles, advice and market knowledge is no different... the only difference is dealing with an army of advisers....Endre

Aug 07, 2017 10:00 PM #16
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lou Ludwig  you are so right now the one tear above it is even more incredible:)Endre

Aug 07, 2017 10:02 PM #17
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe Maxwell, CRS  I sell in all price points and find that the requirements are similar, keeping the clients informed and giving them good solid advice works in all price points, Endre

Aug 07, 2017 10:03 PM #18
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jim Cheney  it is more about having a good liver to consume all the wine:)) on a serious note I hear they are making huge progress in Baboon Liver Transplants:))Just kidding... The biggest challenge is how to overcome egos and deliver the message without becoming the enemy...Endre

Aug 07, 2017 10:07 PM #19
Rainmaker
3,236,459
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Georgie Hunter R(S) 58089  it is the climate and the values":))Endre

Aug 07, 2017 10:08 PM #20
Rainmaker
1,990,520
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Endre - that niche in real estate has similar charateristics to other high end luxury good.  Find a goto person.  You are one!

Aug 12, 2017 07:12 AM #21
Rainmaker
2,790,114
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Los Angeles being a hub for activity might actually be the anomaly in the whole thing, as my friend Mike would say

Aug 12, 2017 11:42 PM #22
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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