In 2018, we saw the Los Angeles luxury market continue to perform as record breaking sales hit the books. Most notably, a confidential $110 Million transaction in Malibu broke the Playboy Mansion’s previous record as the most expensive residential sale in the history of Los Angeles. Hilton & Hyland are proud to have represented the sellers of both historic transactions.
As the leading luxury real estate brokerage in LA, Hilton & Hyland enjoyed a massive 43% of the $20 million+ residential market in 2018, a slight increase from years past. We also maintained a dominant 25% market share of the $10 million+ local residential market and 21% of the $6 million+ local residential market respectively. Discretion continued to be our speciality as 39% of our top transactions of the year were off-market listings, with 22 of our 56 sales priced above $10 million being sold confidentially.
All of this, however, would not have been possible without an elite roster of the highest caliber agents in the world. Together, Hilton & Hyland continues to set the standard for luxury real estate marketing and branding with the launch of our newly designed website, expansion of our global audience, and interaction with our industry-leading social network.
We hope you will join us as we take a look back at our most notable achievements of what was truly a banner 25th anniversary.