Los Angeles' luxury residential market reflects mixed trends according to the Eklund Weekly Luxury Report. Last week, 17 homes went into contract, totaling $126.9 million in asking volume, a decrease from previous weeks and a 7 percent decline year-over-year. However, there were four more deals than the same period last year. The top property was 1600 Casale Road, which returned to market at a reduced price of just under $19 million after falling out of contract. The large home features modern energy-efficient technologies and was newly constructed last year.
The report tallied 17 homes that went into contract last week, equating to $126.9 million in asking dollar volume, down from 19 deals the week prior.
Last week's asking dollar volume reflected a 7 percent decline from the year-ago period's volume, although there were four more deals compared to a year earlier.
1600 Casale Road in Pacific Palisades was listed as the top home to go into contract but fell out and returned to the market at $19 million.
The six-bedroom, 10-bathroom home in the Riviera neighborhood features Smart Home technology, Tesla Powerwall batteries, an EV charging station, and solar panels.
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