According to a new Luxury Market Report by Coldwell Banker Previews International, California zip codes, 90265 (Malibu), 90210 (Beverly Hills), 90077 (Bel-Air/Los Angeles) and 93108 (Santa Barbara) topped the list for the most home listings and sales prices at $10 million and above between June 2011 and June 2012. Aspen, Colorado and Miami Beach, Florida also scored high on the list.
The report took a focused look at exclusive ZIP code activity and subsequently highlighted statistical and anecdotal snapshots of select worldwide luxury markets. While California faired very well in terms of $10 million-plus listings and sales, the ZIP code 33139 (Miami Beach, Fla) joined Beverly Hills, Santa Barbara, Bel-Air/Los Angeles and Aspen among the leaders for number of home sold over $10 million.
Betty Grahm, president of Coldwell Banker Preview International NRT, “We are at a defining moment in real estate history. The luxury real estate market is becoming more global and interconnected than ever before. In the U.S., we are seeing an influx of international buyers from across the world, including Asia, Russia and Brazil, especially in coastal markets in the Los Angeles and Miami areas. It is an exciting time for the luxury real estate market.”
According to the chart, Beverly Hills had the most house sales over $10 million in that period, with 21 sales in total. Santa Barbara and Malibu came in second and third, with 12 and 10 sales respectively. It should be noted, however, that in terms of number of houses listed (but not sold) above $10 million, Malibu was the clear frontrunner with 66, followed by Beverly Hills and Bel-Air.
Significant sales in the report were Jade Mills and Joyce Rey’s $55 million Beverly Hills home; Jill Eber and Jill Hertzberg’s Indian Creek, FL $52 million home; and Diane Polland’s Great Neck, NY $39.5 million home.