by Wolf Richter
Wolf Street
Low Tier Skyrockets. Super-Luxury in Trouble. Condo, High-Tier House Prices Stall Since mid-2018.
The Los Angeles metro housing market has some of the most expensive properties in the US. They’re listed at aspirational prices, and they sell for a lot less, years after having been first listed. The most expensive home on the market, according to Redfin, is this 20-bedroom 19-bath on 67 Beverly Park Ct in Beverly Hills that took years to build. It lists for $165 million, and the developer apparently hasn’t sold it yet: