What goes up … keeps going up in L.A.’s high-end home market, say the brokers the industry trusts of the year’s biggest sales, from Geffen’s Malibu compound to Angie’s DeMille estate to the Playboy Mansion and beyond.
Between Jay Z and Beyonce’s purchase of an $88 million Bel Air spec house and Angelina Jolie’s $24.5 million buy of the Cecil B. DeMille estate in Los Feliz, there were plenty of headlines coming out of L.A.’s white-hot luxury real estate market the past year, and signs point to more of the same. In the second quarter of 2017, the median sales price of a luxury home reached $9.5 million — a 3 percent increase from the same period last year, according to Douglas Elliman. Meanwhile, the number of luxury sales in the second quarter jumped 26 percent from a year ago, even though those homes are staying on the market longer (seven days). THR’s annual list of top real estate pros — 25 solo artists plus five top teams — reveals how these movers and shakers close the deal, plus what they really think of how their profession is portrayed onscreen.
Sally Forster Jones
John Aaroe Group
This year, Forster Jones has seen a change in the makeup of her luxury clientele: “significantly” fewer buyers from China, she says. That hasn’t stopped her from clearing $300 million in sales volume in 2017, the third straight year she’s surpassed that benchmark. “We are fielding more calls from Northern California and the East Coast,” says Forster Jones, who recently sold the mansion immortalized by Faye Dunaway in the Joan Crawford biopic Mommie Dearest. She sold the South Mapleton Drive home for $18.8 million in April.
Best Hollywood depiction of a real estate agent?
Million Dollar Listing. Totally not what my life is like, but it always makes me laugh and is great entertainment.
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