The housing market over $5M in Los Angeles is thriving and active! There’s been 26% more single family sales units in 2020 compared to 2019. With interest rates hovering at records low around 3% and prime inventory remaining well below historical averages we expect 2021 to be another strong year in the Los Angeles luxury housing market.

Here’s a quick snap shot of the luxury sales over $5M in 2020 vs 2019:

 

-Sales over $5M are up 26% -Sales over $10M are up27% -Sales over $20M are up 37% -Sales over $30M are down -20% (17 in 2020 / 21 in 2019) -Sales over $40M are down -30% (7 in 2020/ 10 in 2019)

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