![]() Cockerham Estate for $38 million Madonna’s former Hollywood Hills estate, the historic Castillo del Lago, with an asking price of $18.9 million and Patrick Swayze’s former ranch, at $4.5 million. His current inventory includes the 20,000-sq.ft. DeMille and Jackie Collins - resulting in a career sales volume topping $1 billion and a 2023 sales volume of $188 million. ![]() Lawyer has built a career selling noteworthy estates - including homes once owned by Cecil B. ![]() These residences offer amenities akin to those found in luxury resorts, enabling residents to enjoy a seamless transition between their vacation and home life.” This trend is primarily driven by the desire for convenience and exclusivity. “We’re witnessing a surge in the popularity of vertical residences like Park Elm at Century Plaza and Pendry Residences in West Hollywood. They also publish a newsletter, host a podcast and are launching an educational course, the 1% Blueprint, the Art of Selling Luxury Real Estate.īiggest trend right now? “One of the major trends in luxury real estate is the idea of a curated lifestyle,” Parnes says. Their 2023 annual sales - which tallied around $333 million - came courtesy of a $63.5 million Holmby Hills sale and from representing buyers and sellers of both a $28.75 million property in Beverly Hills and a $21 million Century City penthouse. Parnes and Harris recently brought their team’s wealth of experience, and lifetime sales of approximately $3 billion, to Carolwood Estates. Adding to those amenities are sports courts, pickleball courts, basketball courts, etc.” “Properties that offer complete gyms with full-service amenities such as spas, cold plunge, infrared sauna, high heat sauna, red light therapy and recovery biohacking machines are very, very sought after right now. What is the hot trend right now for real estate? “The hottest trend right now, in my opinion, has to do with health and wellness,” Arana says. In 2023 Arana scored $345 million in sales - one highlight being representing seller Ben Silverman in a deal worth $47.5 million, which boosted his lifetime sales to the $5 billion mark. But his superpower may be his ability to match clients with the perfect properties. We also are betting on places like Newport Beach, where our new flagship Orange County office is located, as we feel that is the next major market to go through the roof.”Īrana’s roster of prominent clients includes entertainers, athletes and business tycoons, all of whom rely not only on his knowledge of current listings, but also on Arana’s discretion and dedication to preserving their privacy. “The only difference is buyers will have a lot of options and the best locations will prevail. What does the luxury real estate market look like in 2024? “The luxury real estate market will continue to be strong in 2024,” says Josh Altman. Current listings include “Full House” creator Jeff Franklin’s Cielo Estate at $59.99 million and Sugar Ray Leonard’s Pacific Palisades estate at $39.99 million. The brokers sold a property in the Pacific Palisades’ Riviera enclave for $49.44 million, set records for Encino’s two highest-priced properties at $20 million and $18.4 million, and broke the record for Encinitas’ highest-priced sale with the “Westworld” mansion. This powerhouse team - which has expanded to Orange County, San Diego and Arizona - well surpassed $1 billion in annual sales volume.
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