Christophe Choo "Are we heading into a real estate recession in Beverly Hills & the U.S.? Watch now!

Christophe Choo "Are we heading into a real estate recession in Beverly Hills & the U.S.? Watch now!



Are we heading into a Real Estate Recession??

Learn what’s really going on in the luxury real estate market in the Westside of Los Angeles & Beverly Hills as well as my in depth market update for what is going on across the U.S. and my recap of chief economists predictions for the next few years.

Los Angeles Westside, Market Update for March 2019

2019 : $10,000,000 + sales, so far 15 vs 16 in 2018

2018 Recap:
2018: $40,000,000 + 9 in 2018 vs 9 in 2017
36 month supply
2018 : $30,000,000 + 19 in 2018 vs 23 in 2017 Down 17%
28 month supply
2018 : $20,000,000 + 43 in 2018 vs 52 in 2017 Down 17%
13 month supply
2018 : $10,000,000 + 157 in 2018 vs 185 in 2017 Down 15%
12 month supply
2018 : $5,000,000 + 580 in 2018 vs 602 in 2017 Down 4%
11 month supply
2018 : $10,000,000 + so far 160 vs 185 down 14%

43 Sales over $20 million
34 Americans 79%
9 Foreign buyers: China, Monaco, Australia, Saudi Arabia, Switzerland, Japan, England, Canada & South Africa
12 in Beverly Hills
9 in Malibu
5 in Bel Air
5 in the Sunset Strip
3 in Holmby Hills
3 in BHPO
3 in Pacific Palisades
3 in Brentwood

2017 : $10,000,000 + sales 185
up 15%
393% increase in 9 years
2016: ~ $10,000,000 + Sales ~ 160
2015: ~ $10,000,000 + Sales ~ 140
2014: ~ $10,000,000 + Sales ~ 131
2013: ~ $10,000,000 + Sales ~ 95
2012: ~ $10,000,000 + Sales ~ 92
2011: ~ $10,000,000 + Sales ~ 56
2010: ~ 10,000,000 + Sales ~ 68
2009: ~ $10,000,000 + Sales ~ 39
2008: ~ $10,000,000 + Sales ~ 47

Luxury home sales for all of 2019 vs 2018
$5 m+ 39 in 2019 versus 52 in 2018 Down 25%
34 pending
$10m+ 15 in 2019 versus 16 in 2018
$20m+ 5 in 2019 versus 4 in 2018 up 25%
$30m+ 1 in 2019 versus 1 in 2018 – Same
$40m+ 0 in 2018 2 land deals in Bel Air pending over $40 million
Of the 5 – $20 M+ 2019 sales where are they?
1 in Beverly Hills
3 in Bel Air – Sales down 50% prices down 19%
$2.3 million to $88 million.
1 in the Sunset Strip

21 of 43 $20 M+ SOLD off market 49% in 2018

$20m+ sales 5 total sales in 2018 – who is buying?
75% American buyers
1 british 1 China
Los Angeles Westside, Market Update for January 2019

2019 : $10,000,000 + so far 15 vs 16 in 2018
2018: $40,000,000 + 9 in 2018 vs 9 in 2017 36 month supply
2018 : $30,000,000 + 19 in 2018 vs 23 in 2017 Down 17% 28 month supply
2018 : $20,000,000 + 43 in 2018 vs 52 in 2017 Down 17% 13 month supply
2018 : $10,000,000 + 157 in 2018 vs 185 in 2017 Down 15% 12 month supply
2018 : $5,000,000 + 580 in 2018 vs 602 in 2017 Down 4% 11 month supply
2018 : $10,000,000 + so far 160 vs 185 down 14%
43 Sales over $20 million

Christophe Choo Real Estate Market update 2019 & 2019 for Beverly Hills, L.A. & nationally.

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