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Los Angeles Luxury Real Estate Sizzling Hot

The Los Angeles mega-luxury market broke records again with over 20 Sales of properties in the over $10 million dollar category in the first 3 months of 2007. The highest recorded sale in this first quarter period was a $40 million dollar Malibu celebrity estate.

Greg Moesser, an Estates Director with Christies affiliate Hilton Hyland reported that the Los Angeles mega luxury market is in such high demand, that recently, two Beverly Hills estates, one listed at $33M, and another listed at $15M, each sold well over a million dollars over the asking price!

Top 3 sales in 1st Quarter of 2007 for Los Angeles luxury communities

$33M Lania Lane
$28M Alpine Drive
$20M Whittier Drive

$30M Brentwood Estates
$28M Chalon Road
$14M Boca Canon Lane

$40M Malibu Coast
$14M Birdview Ave
$13M Winding Way

$13M Bellagio Road
$8.5M Bellagio Road
$8M Chalon Road

$8M Tanager Way
$6.5M Devlin Drive
$5M Blue Jay Way

$6M Windsor Blvd
$5M Muirfield Road
$4.7M McCadden Place

Presented by Greg Moesser, an Estates Director with the Hilton & Hyland Company, Beverly Hills. Specializing in luxury properties and estates and the exclusive Christies Great Estates affiliate for Los Angeles.

For more information about Los Angeles & Beverly Hills luxury real estate, please contact Greg Moesser at 310-770-9014 or visit www.LAClassicEstates.com.

LAClassicEstates.com, the Los Angeles premire website for luxury real estate, has been rated 5-Star by Billionaire500 magazine.

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