Top brokers are seeing record sales as wealthy entertainment-industry clients trade up for more space amid the pandemic: 'It's as active a year as we've ever had.'
“It’s not for the timid,” says Berkshire Hathaway HomeServices California Properties’ Elisabeth Halsted of L.A.’s supercharged market, where many agents are on track to have their best sales year ever and buyers “need to have a strong stomach,” she adds, given the premium prices that blue-chip houses are commanding. Malibu’s average sales price, for example, jumped to $5.5 million in the second quarter of 2021, up from $3.4 million in the same period a year earlier , while the greater L.
A. region hit a new record high median sale price in July of $682,000. “It’s as active a year as we’ve ever had,” says Westside Estate Agency’s Kurt Rappaport. Adds Coldwell Banker’s Joyce Rey, “People have wanted to move up and have a house with a gym, a house with dual offices, have a garden where they can spend time out of doors.” For this list of the top 30 agents in L.A.,looked at overall sales volume, MLS-listed sales to Hollywood clients and media visibility to make its selections.
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