The St. James+Canter Luxury Real Estate Beverly Hills Real Estate Market Update from January 2011-January 2012. Since 1/1/2012, the reported sales price above $3 million were as follows:
-Beverly Hills: 22
– BHPO: 13
-Sunset Strip: 3
-Bel Air: 14
-Westwood/Holmby Hills: 2
Beverly Hills Market Gossip:
The Last 12 months have been a very active for high-profile real estate purchases here in Beverly Hills!
In October Simon Caldwell paid $15.5 million for a pocket listing in Trousdale that last sold for $4.6 million back in 2004.
Jeffrey Katzenberg of Dream Works listed his home in the Beverly Hills flats for $9.4 million yet purchased the 6 acres Simon Ramo (of TRW fame) estate and Trousdale for $35 million in 2009, knocked it down and he is almost finished building a new architectural estate.
In Holmby Hills, Lionsgate entertainment chief John feltheimer sold the home he bought in 2009 for $9.8 million to a Russian soccer player for $14.4 million.
425 Martin Lane – asking $10.9 million sold for $4.6 million.
72 Beverly Park – asking $25 million sold for $16.5 million.
In Beverly Park a European businessman bought a 20,000 square-foot contemporary sight unseen for $16.5 million and is now asking $25 million without having done any work on it!
Beverly Hills Condo sales:
1 unit sold at the Montage for $4.4 million that was 2300 sqft.
1 unit on Wilshire at the California for sold for $3.6 million that was 1100 sqft.
1 unit sold at the Century in Century City for $6 million that was that was 1300 sqft.
Some of Los Angeles’s biggest sales were:
12300 Mulholland Dr., Beverly Hills for 11.4 million
3350 Stone Ridge Ln. in Los Angeles sold for 13.675
910 Beverly Park in Beverly Hills sold for 13.8 million
530 South Mapleton Dr. in Los Angeles over 14.4 million
427 N. Carmelina Ave., Los Angeles sold for 12,223,977
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For more Beverly Hills Luxury Real Estate News Contact us at: www.StJamesCanter.com
Cristie St. James & Markus Canter
Prudential California Realty Beverly Hills