BEVERLY HILLS, CA – USA Simply stated our 2011 year-end report shows definite signs that the Los Angeles luxury real estate markets of Beverly Hills and Bel Air are up! The prestigious communities of Bel Air and Holmby Hills had a record year with an overall 20% increase in the number sales when compared to the same time period in 2010. The exclusive Beverly Hills market also reported an increase of over 6% in overall sales. The 2011 year was also a record breaking year for Los Angeles’s ultra high-end luxury sector for homes sold over $10 Million. The Bel Air and Holmby Hills high-end luxury market had a 30% rise in the number of sales and also had the record breaking sale of The Manor estate, which had been listed at $150 million. The Beverly Hills high-end luxury market recorded a 25% increase in sales, with 20 sales this year when compared to 16 sales in 2010. This trend is expected to continue for 2012 says Beverly Hills luxury real estate specialist, Greg Moesser, Vice President, Private Estates Division at Rodeo Realty, Beverly Hills.
To view the report, click here.