Record Sales in the LA’s high end rea estate sector.
MESSAGE FROM GREG MOESSER . . .
The Los Angeles “Westside—Metropolitan” real estate market continued to be a study of contrasting micro-markets. At one end, the ultra-high end market, after having been somewhat idle for the last two years, began to pick up noticeable activity (albeit at significantly reduced prices). Beverly Hills, Bel Air, Holmby Hills & Hancock Park—Windsor Square faired better than many areas, with devaluation averaging 10% to 20%.