Luxe | LA Leads the Nation in Luxury
Los Angeles has the highest luxury entry point of any major market in the country. In September, luxury homes in the LA metro started at $3.95 million, and our lead over the next-closest market widened. Luxury prices have eased nationally, but LA has held up far better than many other major markets, and homes are selling faster than they were a year ago. Entry-level luxury listings spent a median of 76 days on the market nationwide, three days fewer than last year, with every price tier moving faster. For buyers, that means more room to negotiate. For sellers, it’s a reminder that demand is still there for homes that are priced and presented well.
