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Submarket Snapshot: Ultra-luxury homes in Bel Air and Holmby Hills
![Melvin and Bren Simon and their Bel Air estate at 10664 Bellagio Road, which recently sold for $35M](https://static.therealdeal.com/wp-content/uploads/2016/06/Simon-Bel-Air-Estate.jpg)
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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