In Beverly Hills, the sales volume for single-family homes valued at over $1 million advanced by one third during the first quarter, according to a luxury real estate report by the Agency. There were 40 luxury homes sold.
The average sale price dropped 8 percent when compared with the same period a year ago, to $5.50 million.
Median sale price remained steady around $4.27 million, while average valuation dropped 3.7 percent from a year ago, to $1,295 a square foot.
There were 29 condos sold during the first quarter, the same amount sold in the first quarter of 2015.