Lower end of LA luxe listings dominate last week’s contract activity

The lower end of the luxury market is going strong in Los Angeles County, as overall signed contract activity is cooling. Eleven listings priced in the $4 million to just under $5 million range accounted for nearly half of all signed contracts last week, according to the Eklund Weekly Luxury Report Los Angeles. Those properties were located in areas such as Malibu, Manhattan Beach, Rancho Palos Verdes and the Hollywood Hills. The weekly roundup, compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team, counts signed contracts of single-family homes and condominiums priced at $4 million or above in the […]

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