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2009 1st Quarter Mega Luxury Report
May 28, 2009
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 Brentwood estate was sold to an A-List celebrity couple for $20 Million and a Richard Laundry designed Bel Air estate sold for $22 Million. A recent Malibu Beach property sold in April for $21.5 Million.
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