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