The Ultra Luxury Market Trends in the Greater Los Angeles area...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5hld

The Ultra Luxury Market in the Greater Los Angeles area, check it out…

Seldom do I write about the ultra-luxury  real estate market in the greater Los Angeles area. When my clients ask, generally I send a private  market report.

Due to a great deal of interest I thought it was time to show the Market Trends Report. Hard to believe that in California currently there are 27  properties that are North of $50 million List Price. And out of the 27 amazingly 23 of them happen to be in my market. Keeping in mind none of these properties are a fast sale.

Usually the strongest motivation to buy is “fear of loss” let’s be honest there are about 4000 buyers around the Globe who can afford to buy in this price range. Then to boot out of that my guess is about 2500 who would actually be interested in buying  in this price range in my market.

So, with that said “there is virtually NO fear of loss” hence the buyers are buying when they are ready. No need to put a gun to their head, they know better.

www.endrebarath.com

Anyway, let me share these 24 properties with you in a format you might enjoy😊! To buy in this price point there are two motivations, one is safety and security to park such a large amount in real estate and be assured that the prices will increase over time and safely protected by being in a country that values free enterprise. The second motivation is bragging rights in a very small circle of Billionaires that they happen to own a prestigious property in the greater Los Angeles area.

 

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! 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 https://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Los Angeles County Beverly Hills
Groups:
Everything California
Ultimate Real Estate Network
Local Expert
The Optimist
The Referral Network
Tags:
endre barath
ultra luxury homes in bel air
ultra luxury homes in beverly hills
endre barath beverly hills realtor
endre barath 90045 realtor

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,751,873
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I can vouch for all of it. As the kids would say with that one, it’s onclikedonkey Kong

Feb 17, 2019 11:18 PM #1
Ambassador
3,783,582
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre it must be nice to have the kind of money to be able to purchase one of these properties

Feb 18, 2019 04:27 PM #2
Ambassador
3,281,120
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I'd market like crazy for 200-500 days for any of those properties, Endre! I'm always amazed and the price differences from our area to yours. 

Feb 18, 2019 07:03 PM #3
Rainmaker
3,195,354
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Cerrano  I am old school and did not understand  you need to explain to me:))Endre

Feb 18, 2019 10:20 PM #4
Rainmaker
3,195,354
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  there are only about 4k maybe 5k in this group:)) must be nice indeed Endre

Feb 18, 2019 10:26 PM #5
Rainmaker
3,195,354
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe Maxwell, CRS  I had a few  listings that were in the $20mil range and let me tell you my costs  to market it were more than some agents make in a year, Endre

Feb 18, 2019 10:27 PM #6
Rainmaker
4,797,120
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 only watch in awe at this segment of the real estate market.

Feb 19, 2019 08:54 AM #7
Rainmaker
5,347,038
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you find the buyers for those 23 properties within your market. You have some work to do!

Feb 19, 2019 12:49 PM #8
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,195,354

Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
Ask me a question
*
*
*
*
Spam prevention