LACE Main Blog
Mar
22
By Gregory Moesser
Greg Moesser presents A Year End Review of Exclusive Properties Represented by the Sotheby’s International Realty.
Significant Sales by Sotheby's International Realty
$23,500,000 | Bridgehampton, New York, USA
This 6,500 square foot home is on an exquisite 18 acres that border the Sagaponack Nature Conservancy Preserve. The home quietly reflects the subtle tones of the area’s indigenous sea and farm landscape, and was inspired by three smooth stones found by the owners on Gibson Beach over 20 years ago.
$20,750,000 | Aspen, Colorado, USA
With 2.4 acres of total privacy in the downtown core of Aspen, this ...
May
21
By LA Classic Estates
Bidding wars are breaking out for luxury homes in such wealthy Los Angeles enclaves as Brentwood, Beverly Hills and Bel Air as an increasing number of buyers bet on rising home prices and investors return to the market
Luxury Homes Spur Bidding Wars in L.A. as Market Rebounds
By Nadja Brandt / Bloomberg News
May 17, 2012 10:35 AM EDT
A week after Christine Lynch listed her house in the Brentwood neighborhood of Los Angeles for $3.625 million, she had seven offers. Within 10 days, a deal was reached for the five-bedroom, six-bathroom home — and for $225,000 more than she asked. “My first reaction was, ‘Wow, I guess we’re really doing this,’” Lynch, 55, said in an ...
Jan
20
By LA Classic Estates
A Record Breaking Year For The High End Luxury Sector in Beverly Hills and Bel Air, California.
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 & 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 ...
Jan
20
By Brian Smith
Foreign Buyers Purchasing USA Luxury Properties
Greg Moesser of Rodeo Realty will be speaking at the 3rd edition of Prestige MLS Luxury Real Estate Congress. A renowned expert in the field, he will provide unique insight and analysis on hot topics related to Luxury Real Estate, Marketing, web and social media. Greg Moesser : “Attracting European Buyers in USA” Greg Moesser, is Vice President of the Private Estates Division, Rodeo Realty and the Director of LA Classic Estates, a luxury boutique agency ...
Jun
17
By Gregory Moesser
The Los Angeles & Beverly Hills real estate markets continue positive upswings and trends with the high end luxury market still holding strong.
The Los Angeles & Beverly Hills real estate markets continue positive upswings and trends with the high end luxury market still holding strong. Also, the number of homeowners behind on their mortgages is down and mortgage rates have hit all time lows.
The $5 million and $10 million dollar range markets continue to active. There have been 24 closed sales of $10 million plus to-date, compared ...
Jun
16
By Gregory Moesser
Foreign Buyers take advantage of huge discounts on luxury properties and capatilize on Permanent Residency investor programs as low as $500,000!
Greg Moesser's international team includes, US immigration attornies, international tax specialists, as well as escrow and title specilaists.
Specializing in assisting international buyers find the best California luxury properties, Greg has access to every luxury property currently on the market. In addition, his experienced professional team is now able to assist buyers understand the availability of USA Permanent Residency for most foreign buyers. In addition, the Investor program offers an aggressive Return On Investment.
For more information, please contact ...
Jun
17
By Gregory Moesser
Savage Island Plantation, An American Royalty, Legacy Property – A Private 400 Acre Island, Bluffton, South Carolina, USA
See Website:
http://www.visualtour.com/show.asp?t=2512029&prt=10003
Savage Island Plantation is a 400+ acre private island located in Bluffton, South Carolina , (USA-South/East Coast). Adjacent to the exclusive luxury resort communities of Palmetto Bluff and Hilton Head Island. In addition, ownership includes a highly coveted deep water boat dock and manager's house located on the mainland. This pristine private retreat offers quail hunting, fishing, crabbing, kayaking, yachting, swimming and other water sports. There is a beautiful 2800 sf.(apx) Country-Plantation style, air-conditioned lodge and caretaker’s
...
Jun
16
By Gregory Moesser
The Montage Hotel Residences (from $4.6M to $16.5M. )
Greg Moesser congratulates The Montage Hotel residences with their most recent sale. The luxury penthouse was listed at over $16 Million. While the Montage private residences has attracted a wealth of international buyers, the most recent Buyer was a local California resident.
The luxury hotel condos are now over 50% sold and only 9 private residences remain available. Ranging in size from 1,900 sf. to 5700 sf., this may be the
...
Apr
13
By Gregory Moesser
Los Angeles & Beverly Hills Record Sales and High Demand
The Los Angeles luxury real estate markets, including Beverly Hills, Bel Air, and Holmby Hills have had a sharp rise in recent sales in the mega luxury category.
Properties above $10 million did better in the final quarter of 2010 and beginning of 2011 than at any time in the last two years, reported Greg Moesser of Rodeo Realty, Beverly Hills. In 2010 we had over 30 sales in the mega luxury category. The trend has continued, in
...
Feb
14
By Gregory Moesser
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%.
Properties above $10 million did better in 2010
...
Feb
16
By Gregory Moesser
Beverly Hills Luxury Real Estate Sales Breaks Sales Records in the High End Sector.
Properties above $10 million did better in 2010 than at any time in the last two years. Beverly Hills and Bel Air—Holmby Hills had over 30 sales. Two of the highest sales in Beverly Hills occurred in December, and should be a good indicator of continued activity for 2011. While both sales closed at $23 million and $23.5 million, these prices were still considerably less than their original asking prices
BEVERLY HILLS—N. Sunset 2010: 35 Sales
List Price
...
Feb
16
By Gregory Moesser
Bel Air & Holmby Hills show record sales in 2010 for the high end sector.
Properties above $10 million did better in 2010 than at any time in the last two years. Beverly Hills and Bel Air—Holmby Hills had over 30 sales. At mid-year, The Wall Street Journal reported that the Bel Air mansion known as Le Belvedere, listed at $85 million and reported to have sold for $50 million to an international buyer, was the most expensive USA home sale in 2010.
HOLMBY HILLS 2010: 10 Sales & Pendings
List Price Sold
...
Feb
16
By Gregory Moesser
The mid luxury market was somewhere in between the high end and entry level markets. For instance, Beverly Hills had 50 sales in the $2 million to $3 million range, dropping to only 15 sales in the $4 million to $6 million range, and then as we approach the high end, a jump of 34 sales in the $7 million to $10 million range. Hancock Park—Windsor Square results are similar, with a a healthy 37 home sales ...
Jul
31
By Gregory Moesser
The luxury Westside—Triangle communities (over $2 Million) of Beverly Hills, Beverly Hills-Post Office, Bel Air and Hancock Park continued to show positive sales growth for the Mid-Year Report from January 1, 2010 to June 30, 2010.
The luxury Westside—Triangle communities (over $2 Million) of Beverly Hills, Beverly Hills-Post Office, Bel Air and Hancock Park continued to show positive sales growth for the Mid-Year Report from January 1, 2010 to June 30, 2010. Bel Air sales volume was up a whopping 163% and Beverly Hills City was up 45% when compared with the same time period a year ago. While Hancock Park (up 37%) and BHPO (up 12%) sales volume was also higher, the ...
Jul
24
By Gregory Moesser
Private ownership opportunity offering the ultimate Beverly Hills luxury hotel lifestyle.
The glamour and convenience of living in a fine hotel has helped set a near-record sales pace for the Montage Residences Beverly Hills. Nearly half of the limited collection of private residences has sold since they were introduced.
At last count, eight of the 20 Montage Residences Beverly Hills have sold, while one additional is under contract. The residences occupy the top two-and-a-half floors of the nine-story hotel, and include access to the Montage's signature service.
Montage Residences Beverly ...
Jul
19
By Gregory Moesser
June 2010 Luxury sales remain strong for Beverly Hills, Brentwood and Pacific Palisades as well as Bel Air, Hollywood Hills, Santa Monica and Hancock Park.
Beverly Hills Single Family Home Sales
June 2010
...
Jul
19
By Gregory Moesser
May 2010 Market Report for Beverly Hills, Bel Air, Malibu, Hancock Park, Hollywood Hills, Brentwood, Santa Monica and Pacific Palisades, California, Los Angeles, USA.
Beverly Hills Single Family Home Sales
May 2010
Total Sold Dollar Volume:
$ 22,357,730
Average Selling Price:
$ 2,484,192
Average List Price:
$ 2,710,444
Avg Sales Price/Avg. List Price:
91.7%
Median Price:
$ 2,726,000
Average Days on Market:
93
Number of Listings Sold:
9
Sold Listings:
1.
121 S ALMONT DR
$ 1,171,000
2.
509 HILLGREEN DR
$ 1,600,000
3.
206 N ELM DR
$ 1,955,000
4.
1705 ANGELO DR
$ 2,625,000
5.
502 N LINDEN DR
$ 2,726,000
6.
505 N MAPLE DR
$ 2,728,000
7.
926 N Beverly DR
$ 2,850,000
8.
1118 COLDWATER CANYON DR
$ 3,250,000
9.
928 N BEVERLY DR
$ 3,452,730
Beverly Hills Post Office Single Family Home Sales
May 2010
Total Sold Dollar Volume:
$ 22,571,930
Average Selling
...
May
22
By Samuel Fullman
Following An International Agent Around The World by Katherine Angelo
This international agent is not a gun-toting 007; instead he’s a real-estate agent that specializes in worldwide luxury properties. The name is not Bond, James Bond, but Moesser, Greg Moesser, Vice President of the Private Estates division of Rodeo Realty in Beverly Hills, and he’s a man that’s doing something different. Today almost every real-estate company advertises international marketing, but many companies define that as just having a few affiliated international ...
Apr
14
By Gregory Moesser
April 2010 1st Quarter LA Mid Triangle Market Luxury Report for Beverly Hills, Bel Air and Hancock Park.
STATE OF THE MARKET
By Greg Moesser, ACA
Vice President, Private Estates Division. Rodeo Realty, Beverly Hills
The luxury (over $2 Million) Westside—Triangle communities of Beverly Hills, Beverly Hills Post Office, Bel Air and Hancock Park showed dramatic signs of activity during the first quarter of 2010. A significant factor is that sellers have become much more realistic about value in the last year. The increased demand, in turn, has demonstrated a greater perceived value resulting in stronger buyer confidence.
The
...
Apr
14
By Gregory Moesser
March 2010 Sales Report for Beverly Hills, Bel Air, Hollywood Hills, Hancock Park, West Hollwood & Malibu...
Beverly Hills Single Family Home Sales
March 2010
Total Sold Dollar Volume:
$ 20,330,000
Average Selling Price:
$ 2,541,250
Average List Price:
$ 2,676,750
Avg Sales Price/Avg. List Price:
94.9%
Median Price:
$ 1,987,500
Average Days on Market:
158
Number of Listings Sold:
8
Sold Listings:
1.
453 S WETHERLY DR
$ 1,060,000
2.
127 S WILLAMAN DR
$ 1,130,000
3.
471 S RODEO DR
$ 1,800,000
4.
1296 MONTE CIELO DR
$ 1,875,000
5.
1802 ANGELO DR
$ 2,100,000
6.
325 S CAMDEN DR
$ 2,415,000
7.
418 S ELM DR
$ 2,600,000
8.
1170 LOMA LINDA DR
$ 7,350,000
Beverly Hills Post Office Single Family Home Sales
March 2010
Total Sold Dollar Volume:
$ 59,325,250
Average Selling Price:
$ 6,591,694
Average List
...
Apr
3
By Gregory Moesser
With 17,300 attendees from 81 countries and 1,720 exhibiting companies, attendance figures for MIPIM 2010
were comparable with those of 2009; and this stabilisation was also reflected in the mood among delegates
attending the event.
Greg Moesser of Beverly Hills, LAClassicEstates.com, attended the MIPIM conference in Cannes, France, held March 16-19, 2010. Below is a conference quick review.
DEALS ANNOUNCED
There were encouraging signs of activity with a number of mergers and acquisitions among the MIPIM real
estate community as well as property transactions announced.
While
BNP Paribas Real Estate revealed its further international expansion in Poland, Switzerland, it was confirmed that international property consultant CBRE had agreed terms to take overM3.
Colliers
...
Feb
14
By Gregory Moesser
LA Westside "Luxury" Markets Show Stronger Sales Figures Coming Into 2010 New Year.
Despite the impression given by the mainstream media, did you know that the sales volume for most of the LA Westside in the” luxury high-end” category more than doubled from a year ago? For example, last year, Bel Air reported a total sales volume of only $6.5 Million in January 2009, this figure soared in December 2009 to $65.5 Million and continued to be strong in January 2010 with a total sales volume of $29 Million. And, ...
Apr
3
By LA Classic Estates
February 2010 Luxury Sales Report for Beverly Hills, Bel Air, Hancock Park, Hollywood Hills and Malibu.
Beverly Hills Single Family Home Sales
February 2010
...
Mar
2
By LA Classic Estates
Top luxury real estate agents meet at summit to discuss State of the Market January 2010.
Greg Moesser, an Estates Director of the Beverly Hills office, joined an elite group of 180 specialists from the Prudential California Realty Luxury Properties Division. The day-long conference was held at the St. Regis Resort in Monarch Beach in mid-February 2010. Noted experts in ultra-high-end properties from Santa Barbara to Beverly Hills to San Diego attended the ‘invitation only” event.
President and CEO Jon Cook reported on sales results for the division. Since 2008, the company’s agents
...
Feb
11
By LA Classic Estates
Rebounding market...Los Angeles Westside luxury market shows higher sales volume for January 2010.
January 2010 shows sales volume up in most luxury LA Westside markets, including a $19 Million record sale in Hollywood Hills (Bird Streets) and an $18 Million sale in Bel Air. January 2010 closed slaes report for Beverly Hills, BHPO, Malibu, Hollywood Hills, West Hollywood, Hancock Park & Pacific Palisades listed below...
Beverly Hills ...
Jan
29
By LA Classic Estates
The 5th Annual Luxury Real Estate International Conference was recently held Wednesday, January 20th to Friday, January 22nd, at the Ambasciatori Palace in Rome, Italy.
The conference was hosted by John Brian Losh, Chairman and CEO of LRE (LuxuryRealEstate.com and Who’s Who in Luxury Real Estate). The “invitation only” network includes the most prominent global luxury brokers and meets three times each year, nationally and internationally, to discuss current real estate trends.
The recent conference in Rome covered multiple topics of great interest to those who serve the high net-worth demographic. An ongoing theme, covered at each of the conferences, is the state ...
Jan
18
By LA Classic Estates
USA Market After Price Declines May Now Be Undervalued & Ready For Property Rising Prices.
The Economist magazine recently put together a list from 19 countries of the world’s most overvalued residential housing markets. Using a combination of data that includes sales price, rental rates, mortgage rates, and average price-to-earnings ratio.
The data provides an interesting indication of which countries may still see further price drops or which countries are ready for rising prices. The report shows that the USA market is now undervalued by approx. 3%. Despite negative news reports regarding
...
Jan
14
By LA Classic Estates
Strong Sales Activity for December 2009: Beverly Hills has a $13 Million Sale, Sunset Strip has a $14 Million Sale and Bel Air reports 3 Sales over $9 Million each...
Beverly Hills Single Family Home Sales
December 2009
...
Dec
10
By LA Classic Estates
Beverly Hills Pending Property Sales Jumped In November 2009 after News of Dubai Property Crisis, Volatile European Markets & Lower Property Prices.
While the number of Beverly Hills pending sales has been steadily rising in the last few months, the November 2009 reports for the exclusive 90210 zip code showed a 25% increase from the previous month and reflected an overall 109% increase from two years ago (November 2007). Greg Moesser, an Estates Director at Prudential CA Realty, Beverly Hills and LAClassicEstates.com said, “While my foreign inquiries began to rise after the changing real estate markets of Europe & ...
Dec
11
By Gregory Moesser
November 2009 Monthly Report of ALL Home Sales for Beverly Hills, BHPO, Bel Air, Malibu, Hollywood Hills & Hancock Park. Malibu luxury sales were strong in November 2009 with a $6 Million and a $9 Million sale. Hollywood Hills sales were robust with 29 sales recorded.
Beverly Hills Single Family Home Sales
November 2009
...
Dec
10
By LA Classic Estates
American Luxury Estates Magazine, the USA premier luxury real estate magazine has selected LAClassicEstates.com as Los Angeles’s #1 BEST Luxury Real Estate Website.
Robert Hodgdon, publisher of American Luxury Estates Magazine says “LAClassicEstates.com was selected due to its easy navigation, rich comprehensive content, the up-to-the-minute market trends information, and the high level of global traffic.” The site is updated daily with information regarding every new property listing that comes on the market in Beverly Hills, Bel Air, Hollywood Hills, Hancock Park, Malibu and the Los Angeles Westside area. Properties featured on the site include entry level homes & condos from ...
Nov
18
By Gregory Moesser
Bel Air has 2 record sales at over $10 Million each for the month of October 2009...
View ALL Home Sales for October 2009 in Beverly Hills, Bel Air, Malibu and Hancock Park....click "Continued Reading" below to view complete detailed list...Beverly Hills Single Family Home Sales
October 2009
...
Oct
19
By Gregory Moesser
Luxury Real Estate Market Trends for Beverly Hills, Bel Air, Los Angeles & Malibu.
Everyone asks me “So how is the market?” The answer is “it depends, are you a Buyer or a Seller?” While the latest news reports have shown some signs of rising home prices, these statistics represent only the average home sales and these are well under the million dollar price point. Homes that are valued over $2 Million represent less than 2% of home sales nationwide and this market is currently experiencing strong price fluctuations.
Our current luxury
...
Nov
6
By LA Classic Estates
LA Luxury Report for Beverly Hills, Bel Air, Malibu, Hollywood Hills & Hancock Park.
The September 2009 Los Angeles luxury real estate report for the enclaves of Beverly Hills, Bel Air, Malibu, Hollywood Hills & Hancock Park. The historic community of Hancock Park reports a record $10 Million sale!
Beverly Hills Single Family Home Sales
...
Oct
16
By Gregory Moesser
Beverly Hills, Bel Air, Malibu & Los Angeles Luxury Real Estate Market Report for October 2009.
Everyone asks me “So how is the market?” The answer is “it depends, are you a Buyer or a Seller?” While the latest news reports have shown some rising home prices, these statistics represent the average home sales that are well under the million dollar price point. Homes that are valued over $2 Million represent less than 2% of home sales nationwide and this market is currently experiencing strong price fluctuations.
Our current luxury market is showing price
...
Nov
5
By Gregory Moesser
"Portraiture of a Different Nature"...by artist Laraine Mestman
I recently met artist Laraine Mestman and was very impressed by her unique style of "People" & "Pets" portraitures. The classic medium for her portraits is acrylic on canvas. As an accomplished artist with works having been displayed at major international galleries & museums, we here in Los Angeles are lucky to have her as our own personal artist "in residence" sort of speak. She is able to immortalize our loved ones, both people, and my favorite of course, ...
Oct
26
By Gregory Moesser
Fabulous Los Angeles & Beverly Hills Luxury Real Estate "Trophy" Properties Are Selling At Discounted Prices.
Savvy real estate investors understand that the key to real estate success is market knowledge and “strategizing at the peak market time”. This is especially true in the rarified world of luxury real estate. Luxury real estate is usually classified as properties valued at over $1 million, but in Los Angeles the luxury market is classified as properties over $2 Million and the Mega Luxury market are for properties valued at over $10 million. In the enclaves ...
Jun
24
By Gregory Moesser
Luxury Buyers, Sellers & Investors meet at Cecconi's Restaurant Breakfast Corner...
Dear Friends & Clients,
As a result of our extraordinary market challenges, real estate is a personal experience again. Every sale now requires a greater attention to detail and market experience. It’s more important than ever to analyze each clients unique situation individually. Knowledge is key and as many of you know already, I’m at Cecconi’s Restaurant (corner of Melrose & Robertson) almost every morning discussing the latest real estate market trends with friends, clients, colleagues and anyone else
...
Jun
23
By LA Classic Estates
May 2009 Monthly Sales Report for Beverly Hills, Bel Air, Hollywood Hills & Malibu
May 2009 Sales Report for all homes sales in the areas of Beverly Hills, Bel Air, Hollywood Hills, Hancock Park & Malibu. Open to view complete report...
Beverly Hills Single Family Home Sales
May 2009
...
May
28
By LA Classic Estates
Mega Luxury Over $20 Million Sales Report...
While sales prices are down approx. 15% to 20% for Los Angeles's top luxury real estate nieghborhoods of Beverly Hills, Bel Air, Hollywood Hills & Malibu, this can offer a subsantial savings for the Mega luxury home buyer. Already in the first quarter of 2009 there have been 4 sales in the over $20 Million category. Beverly Park, the ultra exclusive gated community located in Beverly Hills reports 2 sales at $32 Million and $27.3 Million. A ...
May
23
By LA Classic Estates
Los Angeles’s best luxury real estate properties are being snatched up by foreigners, investors and savvy buyers alike.
Los Angeles’s best luxury real estate properties are being snatched up by foreigners, investors and savvy buyers alike. The reasons are the historically low prices, a strong international demand for the Southern California lifestyle and the availability of the best premium properties, many that have not been available in decades. www.LAClassicEstates.com reports there have been 12 sales of properties in the "Over $10 Million" category in just ...
May
28
By Gregory Moesser
April 2009 Monthly Sales Report for Beverly Hills, Bel Air, Hollywood Hills & Malibu
Beverly Hills Single Family Home Sales
April 2009
...
Aug
22
By Gregory Moesser
Faced with the local real estate slump, some agents are helping sellers tap the overseas thirst to own property in the Golden State
THERE is a new pond emerging in which to fish for home buyers -- overseas.
As Southern California sales have stalled and home prices have slumped, realty agents here have geared up to help sellers tap into this market of buyers who come with pockets full of cash. Some local agents have adapted their websites for foreign buyers by adding multiple language translation options. Others have joined professional organizations to give themselves ...
Aug
11
By Brian Smith
Priced To Sell: $165 Million Dollars...
By Annette Haddad, Times Staff Writer
July 10, 2007
The 1920s-era Beverly Hills mansion of William Randolph Hearst and Marion Davies was put on the market Monday for $165 million, making it the nation's most expensive residential listing.
The pink stucco, H-shaped estate, dubbed Beverly House by the late newspaper magnate, is spread across 6.5 acres north of Sunset Boulevard. It has just about everything a billionaire could want — including three swimming pools, 29 bedrooms, a state-of-the-art movie ...
Jul
5
By Gregory Moesser
The trend just continues upward; and it's not just the beautiful people who are buying
For the fourth consecutive year, Forbes.com has compiled a list of the year’s residential real estate deals. In the face of a general housing market slowdown, 2006 was a banner year for those that deal in high-end homes. The average price of a home on the list was $40 million, up more than 10% from 2005’s $36 million average, and more than 55% from the 2003 average.
It should come as no surprise that the priciest properties were
...
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