Luxury‑home sales in Los Angeles are hitting decade lows despite modest price increases.
High‑end estates above $5 million often sell 30–40% below original ask prices.
Meanwhile, more affordable “value‑pick” homes see steadier demand and quicker sales.
Buyers increasingly prefer green‑certified, sustainably built homes over oversized trophy estates.
Result: LA’s luxury segment cools; mid‑price homes emerge as the new market favorite.