Bradbury Estates Manse Asking $23M Tops LA Signed Contracts
L.A. County signed contract activity settled into what market watchers hope will be the new normal for luxury residential this year.
The Asking Dollar Volume
The asking dollar volume of signed contracts in the county last week reached $199.7 million across 26 contracts, according to the Eklund Weekly Luxury Report Los Angeles. Most, 24, were for single-family homes, while two were condominium deals. That compares with the prior seven-day period’s $301.3 million in volume across 28 properties, according to the Eklund Gomes report.
The Weekly Roundup
The weekly roundup counts L.A. County homes listed in the MLS of $4 million or more.
A Return to "Business as Usual"
The volume offered a return to "business as usual" for L.A. real estate last week, Eklund Gomes Managing Director Marcy Roth said.
"Weekly numbers are returning to normal after an impressive jump" in the prior week, Roth said.
If new contract activity maintains this pace, Roth said 2025 will shake out to be a "robust" year.
Top Contracts
A San Gabriel Valley property ranked No. 1 among last week’s signed contracts, marking the first time a home in that region claimed the top spot since Eklund launched the report last year.
The 10-bed, 16-bath mansion at 188 Deodar Lane in Bradbury, about 25 miles northeast of downtown Los Angeles, has a list price of $22.9 million. Goldstar Properties’ Yichun Kuo and In Realty’s Kuangkai Kuo have the listing.
Property Details
The over 17,000-square-foot pad is located in the gated Bradbury Estates community. The property consists of a nearly 15,000-square-foot main building designed in a Hollywood Regency style, with a formal dining room and entertainment space, according to the listing. There’s also a tennis court, a pool and a nearly 2,500-square-foot pool house.
Other Top Contracts
In the number two spot for top contracts last week was a seven-bed, nine-bath home in the Pacific Palisades’ Riviera neighborhood, asking just under $18 million. Compass’ David Berg and The Beverly Hills Estates’ Jack Harris have the listing. Napoli Realty LLC and TCS Development LLC are the sellers, according to property records.
The traditional-style home, built in 2023, sits at 755 Napoli Drive on an over 16,000-square-foot lot and is located near the Palisades Village shopping center and Will Rogers State Beach. Inside, the home has several living rooms, a two-story foyer, wet bar, wine tasting room, theater, and four-car garage, marketing materials tout. Outdoors there is a pool and an outdoor kitchen.
Conclusion
The recent surge in luxury home contract activity in L.A. County is a promising sign for the market, with many hoping it marks a return to normalcy. With several high-end properties already reaching record-breaking prices, it’s clear that the luxury market is poised for a strong year.
Frequently Asked Questions
- What is the asking dollar volume of signed contracts in L.A. County?
The asking dollar volume of signed contracts in the county last week reached $199.7 million across 26 contracts. - What is the current state of the L.A. real estate market?
According to market watchers, the market has returned to "business as usual" and is expected to be a "robust" year. - Which property topped the list of signed contracts last week?
A 10-bed, 16-bath mansion in the San Gabriel Valley, asking $22.9 million, took the top spot.
