Furthering their ongoing commitment to remaining ahead of the curve in luxury real estate sales, Hilton & Hyland recently announced that of 17 homes sold above the $15 million price point in the Los Angeles area, the brokerage represented the buyer and/or seller in 15 of 17.
“We represent both the buyer and the seller in over 30% of our transactions, which is tantamount to our consistent improvement in sales strategy and our deep commitment to fostering the best network of luxury real estate agents in Los Angeles,” said Charles Black, Executive Vice President, Marketing & Strategic Development.
The average number of days on the market until sold in Los Angeles is currently 83, while the average sale price per square foot is $596, and the average sale price as a percentage of the overall asking price is 102%, while the average sales price has increased an average of just over $14 in price per square foot.
The firm is on year-to-date pace to exceed last year’s annual sales of $2.9 billion, and June 2015 was the most successful calendar month in the company’s 22-year history. The firm closed over $450 million in the month of June, catapulting them into the second half of 2015.