Welcome to Hilton & Hyland’s regular examination of the Los Angeles real estate market where we strive to provide our clients and agents with the most accurate portrait of the Los Angeles market and to celebrate every success story along the way. Throughout the following reports, you will find detailed analyses on all key neighborhoods in the Los Angeles area, along with specific insights into the luxury market and glimpses into what’s new at Hilton & Hyland.
In 2020, Hilton & Hyland once again proved why we are internationally known as the top producing single office in the world. We launched into the new year in a big way by representing five of the top six residential sales in the city according to the Los Angeles Times. With mortgage rates at historic lows and Angelenos staying safer at home, the demand for quality properties increased nearly 20% as the year continued. Our single office achieved 31 sales priced $10 million and above within the first half of the year, and in August alone, we closed $419 million in sales. By the year’s end, Hilton & Hyland achieved a company milestone with 77 sales priced $10 million and above with an annual sales volume of over $3.5 billion.
Market statistics are based on sales reported in TheMLS.com and other sources, consisting of single-family residences, land, and condominiums sold from January 1st to December 31st, 2020.All information should be independently reviewed and verified for accuracy.