In 2018, Hilton & Hyland once again proved why we are the top producing single office in the world. Closing out our 25th Anniversary in style, we outpaced the local luxury market by commanding 21% of the $6 million+ market and 25% of the $10 million+ market respectively.
Reinforcing the company’s stronghold as the top luxury residential brokerage in Los Angeles, the firm also enjoyed a massive 43% of the ultra-lux $20 million+ market in 2018.
LOCAL MARKET BREAKDOWN
BEVERLY HILLS / BEVERLY HILLS P.O.
Highest Sale | Former Danny Devito Estate | $66,250,000 | Drew Fenton Represented the Seller
Welcome to the Beverly Hills real estate market, where the quality of life is unparalleled, residents include Hollywood’s finest, and Hilton & Hyland dominates 23% of the $5 million+ market. While there is an upward trend in the average sales price per square foot, the average day on market has reached 87 days. This reflects that most homes in the area are either selling very quickly or very slowly.
BEL-AIR / HOLMBY HILLS
Highest Sale | The Brad Grey Estate | $70,000,000 | Linda May Represented the Buyer and Seller
A key part of the Platinum Triangle – along with Beverly Hills and Holmby Hills – ths exclusive district is dominated by both historic and contemporary estates, and presents a privacy that has made it a preferred destination for the rich and famous. The average price per square foot has remained fairly stable, slightly decreasing to $948 while homes are spending an average of 67 days on market, indicating a steady demand for this high profile area. Hilton & Hyland commanded 24% of this local $6 million+ market in 2018.
SUNSET STRIP / HOLLYWOOD HILLS
1822 Marcheeta Pl | $16,950,000 | Drew Fenton Represented the Seller
With Sunset Strip and Hollywood Hills being one of the few go-to locations for high-end buyers, it is no surprise that Hilton & Hyland commands 21% of the local $5 million+ market share. While the average home spends 80 days on market, the average sales price per square foot has remained steady in 2018.
CENTURY CITY / WESTWOOD
Beverly West #1501 | $10,000,000 | Jeff Hyland, Bill Simpson and Susan Pekich Represented the Buyer and Seller
Century City and Westwood are two of Los Angeles’ busiest districts with high-rise residential towers seamlessly taking vertical living to new heights. Much like these buildings, not only are we seeing a vertical trend in the average sale price per square foot, but these highly coveted high-rise listings are spending little to no time on market. In 2018, Hilton & Hyland commanded 31% of the $5 million+ market.