PRESORTEDSTANDARD

US POSTAGEPAID

SAN DIEGO CAPERMIT NO. 1600

Real Estate Market Update - Fourth Quarter 2013 vs. 2012

Christophe@ChristopheChoo.comwww.ChristopheChoo.com

CalBRE #01027350

310.777.6342

CHRISTOPHE CHOOLicensed Broker - Team Leader

301 North Canon Drive, Suite EBeverly Hills, CA 90210

LOS ANGELES - BEVERLY HILLS

Locally Known - Globally ConnectedIf 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 W going 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. Ø$2 million and under range, home prices have increased by 13.1 % in 2013 versus 2012.Ø$5 million+ range there have been 61 closed escrows in 2014 versus 50 in 2013.

122% increase in closed sales.Ø$10 million+ range, there have been 22 closings so far this year versus 15 in 2013.

146% increase in closed sales.Ø$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.

Ø

Ø

Ø

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 DriveBeverly Hills Flats - $4,950,000Representing all cash foreign buyer.

Sold

New Listing

HollywoodHillsLandForSale.comHollywood Hills - $47.5 million39.86 acres of land for sale. Great developmentsite with amazing valley views. Street entranceon Barham. Co-Listed with Joyce Kim.

11766 Wetherby LaneBel Air Crest - $7,995,0005 BR/6.5 BA, Gorgeous Mediterranean Villawith amazing yard in the best gated communityin Bel Air. BelAirCrestHomeForSale.com

New Listing

CHRISTOPHE CHOO - SELLING LA

Sold

2187 Summitridge DriveBeverly Hills Post Office - $1,965,000Representing seller. Sold in 1 week with 9 offers for 9%+ over asking price.BeverlyHillsViewHomeForSale.com

Sold

341-343 N. Croft AvenueDuplex In Beverly Center Area - $1,795,000Representing seller. Sold with 16 offersclose to 10% over asking price.

New Listing

1414 Fairfax Avenue #101West Hollywood - $499,0002 BR / 1.75 BA, Remodeled condo, smallcomplex, great location, very low HOA dues.WEHOCondoForSale.com

Sold

1083 Chalon RoadBel Air - $3,950,000Representing all cash buyer, teardownoverlooking 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

New Listing

9307 Readcrest DriveBeverly Hills Post Office - $5,500,0004 BR/4.5 BA, Modern architecture with breathtaking city views, wonderful outdoorareas and terrific pool.

110 N. Rossmore AvenueHancock Park - $3,288,0005 BR/4.5 BA, Modern elegance, park-like grounds, w/ pool. Co-listed w/ Joyce Kim.HancockParkHomeForSale.com

Reduced

Sold

201 Delfern DriveHolmby Hills - $13,995,000Representing all cash foreign buyers from China.

Sold

1400 Vista MoragaBel Air - $10,100,000 Representing all cash buyer.

Sold

530 S. Mapleton DriveHolmby Hills - $14,450,000Representing foreign buyer, purchased for allcash, 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