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Real Estate Market Update - Fourth Quarter 2013 vs. 2012
Christophe@ChristopheChoo.com
www.ChristopheChoo.com
CalBRE #01027350
310.777.6342
CHRISTOPHE CHOO
Licensed Broker - Team Leader
301 North Canon Drive, Suite E
Beverly Hills, CA90210
LOS ANGELES - BEVERLY HILLS
Locally Known - Globally Connected
If you have had thoughts of selling and would like your home professionally marketed and
featured in this publication, please call 310.777.6342. By the way, the market has shifted.
This is not intended as a solicitation if your property is currently listed with another broker.
Published by Real Marketing, Inc. | David Collins | www.RealMarketing4You.com | 858-847-0335 | 2014
e're just about ending the first quarter of 2014 and I want to talk to you about what's
Wgoing on in our luxury real estate market. Back in September of 2011, I did a video where
I was predicting that the super luxury market in Los Angeles was going to go crazy and it has.
I could see the changes beginning to occur that summer and now, a year and a half later, the market has gone way beyond
anyone's expectations, especially the luxury realm in the premiere west side areas of Los Angeles.

Let me give you a quick snapshot of what's really going on.
$2 million and under range, home prices have increased by 13.1 % in 2013 versus 2012.
$5 million+ range there have been 61 closed escrows in 2014 versus 50 in 2013.
122% increase in closed sales.
$10 million+ range, there have been 22 closings so far this year versus 15 in 2013.
146% increase in closed sales.
$20 million+ range, there have been 7 sales closed already in 2014 versus 3 in 2013.
233% increase in closed sales.

So the trend is, the higher the price range, the stronger the market. What's the reason for that? In my experience over the
last four years or so, we have seen a tremendous amount of foreign nationals buying in U.S. of which 17% are buying in
California with Los Angeles being the #1 choice.

Personally, right now we have buyers from mainland China, Saudi Arabia, Taiwan, Hong Kong, Singapore, Russia,
Armenia, Eastern Europe, Japan, the UK, Canada, Malaysia and South America working with us to purchase properties in
Beverly Hills & Los Angeles.

The number of high end sales this year is up substantially compared to 2013, which was the largest year on record in our
Los Angeles westside luxury markets. The bottom line is the market is extremely strong. Have you had thoughts of selling
or want to know how much your home is worth? Now may be the time to think about making that move into a larger home
or to selling and renting and changing your lifestyle.

Why You Should List Your Home Today

Coldwell Banker Top 100.
Top 1% of brokers internationally.
HOW MUCH HAS YOUR AREA
GONE UP IN VALUE?
REAL ESTATE MARKET UPDATE
700 North Linden Drive
Beverly Hills Flats - $4,950,000
Representing all cash foreign buyer.
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HollywoodHillsLandForSale.com
Hollywood Hills - $47.5 million
39.86 acres of land for sale. Great development
site with amazing valley views. Street entrance
on Barham. Co-Listed with Joyce Kim.
11766 Wetherby Lane
Bel Air Crest - $7,995,000
5 BR/6.5 BA, Gorgeous Mediterranean Villa
with amazing yard in the best gated community
in Bel Air. BelAirCrestHomeForSale.com
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CHRISTOPHE CHOO - SELLING LA
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2187 Summitridge Drive
Beverly Hills Post Office - $1,965,000
Representing seller. Sold in 1 week with
9 offers for 9%+ over asking price.
BeverlyHillsViewHomeForSale.com
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341-343 N. Croft Avenue
Duplex In Beverly Center Area - $1,795,000
Representing seller. Sold with 16 offers
close to 10% over asking price.
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1414 Fairfax Avenue #101
West Hollywood - $499,000
2 BR / 1.75 BA, Remodeled condo, small
complex, great location, very low HOAdues.
WEHOCondoForSale.com
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1083 Chalon Road
Bel Air - $3,950,000
Representing all cash buyer, teardown
overlooking the Bel Air Country Club.
Single Family Homes
Area
Q4-2012 Q4-2013 % Change Q4-2012 Q4-2013 % Change
Bel Air - Holmby Hills 48 52 +8% $1,600,000 $2,171,400 +36%
Beverly Hills 68 36 -47% $4,013,750 $5,508,587 +37%
Beverly Hills Post Office 39 41 +5% $1,795,000 $1,915,000 +7%
Beverlywood Vicinity 47 49 +4% $739,000 $865,000 +17%
Brentwood 80 56 -30% $1,653,750 $2,310,000 +40%
Cheviot Hills - Rancho Park 18 19 +6% $1,378,000 $1,380,000 0%
Culver City 65 49 -25% $1,305,000 $810,000 -38%
Hancock Park 72 87 +21% $1,170,312 $1,225,000 +5%
Hollywood Hills East 52 40 -23% $927,500 $1,048,250 +13%
Malibu Beach 15 11 -27% $6,200,000 $4,400,000 -29%
Malibu 62 60 -3% $1,825,000 $2,247,500 +23%
Marina Del Rey 7 8 +14% $1,875,000 $1,763,625 -6%
Beverly Center - Miracle Mile 55 46 -16% $999,000 $1,301,000 +30%
Pacific Palisades 73 60 -18% $2,130,000 $2,495,000 +17%
Palms - Mar Vista 69 78 +13% $837,000 $1,062,500 +27%
Santa Monica 82 64 -22% $1,637,500 $1,817,750 +11%
Sunset Strip - Hollywood Hills West 132 100 -24% $1,227,000 $1,413,750 +15%
Venice 68 63 -7% $1,200,000 $1,350,000 +13%
Westwood - Century City 67 54 -19% $1,400,000 $1,450,000 +4%
West Hollywood Vicinity 25 29 +16% $1,025,000 $1,250,000 +22%
West Los Angeles 22 27 +23% $672,500 $780,000 +16%
Median Price # Homes Sold
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9307 Readcrest Drive
Beverly Hills Post Office - $5,500,000
4 BR/4.5 BA, Modern architecture with
breathtaking city views, wonderful outdoor
areas and terrific pool.
110 N. Rossmore Avenue
Hancock Park - $3,288,000
5 BR/4.5 BA, Modern elegance, park-
like grounds, w/ pool. Co-listed w/ Joyce Kim.
HancockParkHomeForSale.com
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201 Delfern Drive
Holmby Hills - $13,995,000
Representing all cash foreign buyers from China.
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1400 Vista Moraga
Bel Air - $10,100,000
Representing all cash buyer.
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530 S. Mapleton Drive
Holmby Hills - $14,450,000
Representing foreign buyer, purchased for all
cash, 7 day escrow as a teardown.
Based on information from the Association of REALTORS (r)/Multiple Listing Service from 02/25/2014 and/or other sources. Display of MLS data deemed reliable but is not guaranteed accurate by the MLS.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling agent