Even though housing news has been often negative, 2010 was a great year on the Westside of Los Angeles for high-end Sellers and Buyer! The following information pertains to high-end areas from Hancock Park to Pacific Palisades in Los Angeles.
5-20 MILLION DOLLAR HOME SALES:
183 closed in 2010 versus 144 in 2009- a 26 % increase
HOME SALES OVER 10 MILLION:
65 closed in 2010 versus 39 in 2009- a 64% increase
HOME SALES OVER 20 MILLION:
12 closed in 2010 versus 4 in 2009 a 200 % increase
HIGHEST HOME SALES IN LOS ANGELES CITIES IN 2010:
50.1 Million in Bel Air
40 Million in Malibu
23 Million in Beverly Hills
29 Million in Beverly Hills Post Office
26 Million in Pacific Palisades
7.7 Million in Santa Monica
18.5 Million in Holmby Hills
12,200,000 in Westwood
19.5 Millon in the Sunset strip (Hollywood)
Unemployment has dropped, the stock market has done well and other key numbers are showing some positive signs in the U.S. economy.