Submarket Snapshot: Ultra-luxury homes in Bel Air and Holmby Hills

Homes listed for more than $3M sold for an average of $7.9M, down from $12M in same period last year

Jun.June 24, 2016 05:00 PM

Uber-luxury home sales volume is down in Bel Air and Holmby Hills.

There were 12 homes sold for more than $3 million in the submarket from March to May of this year, according to a report by Sotheby’s International Realty. The sales volume took a 29 percent dip when compared with the same period last year.

The homes sold for an average of $7.9 million down from $12 million in the same months a year ago.

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