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Cindy Ambuehl Lifestyle

luxury for everyone

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November 30, 2014 · Leave a Comment

The Third Quarter Los Angeles Real Estate Market: Luxury housing is heating up.

While much of the Los Angeles real estate market is sluggish there is one part of the housing market that is really heating up: luxury, high end real estate.
3114-Club-Drive
Low interest rates and international buyers looking to invest their money are creating a increase in demand for high-end homes. In the 3rd quarter this year 1,431 homes sold for more than $2 million dollars. That’s up almost 15% from 3rd quarter 2013.

I was recently interviewed by the Los Angeles Times regarding the hot luxury housing market. The wealthy international buyer is being courted by luxury brokerage houses throughout Southern California area. These buyers are looking for investment properties, second homes and a safe place to park their cash. Recent changes in Chinese tax laws have us seeing an influx of Chinese buyers hoping to avoid retroactive capital gains taxes.

Today’s luxury buyers want the seamless blend of indoor-outdoor living we Angelinos are able to enjoy due to our temperate climate. They want open concept, smart homes with lots of amenities. Buyers are scooping up properties in the Platinum Triangle of Bel Air, Holmby Hills and Beverly Hills, Malibu, Pacific Palisades and Santa Monica.

Santa Monica market report

The 3rd quarter housing market report via Partners Trust

You can keep up to date on the quarterly market reports here.

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About Cindy

In 2017, luxury real estate agent Cindy Ambuehl was ranked 20th in California and 40th in the nation in the WSJ/Real Trends' The Thousand, closing almost $160 Million in real estate deals. Specializing in residential sales on the Westside, this Southern California native has proudly built a reputation for her unrelenting work ethic, integrity, honesty, and thorough knowledge of the marketplace.

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Cindy Ambuehl

Partner, The Agency

11777 San Vicente Blvd, Suite 850
Los Angeles, CA 90049

424.321.4947 (office)

cindy@theagencyre.com

CalBRE#: 01821934

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