Los Angeles Leads June Luxury Home Sales With $46.95 Million Deal as Cash Buying Climbs
Updated
Updated · Mortgage Professional · Jul 22
Los Angeles Leads June Luxury Home Sales With $46.95 Million Deal as Cash Buying Climbs
3 articles · Updated · Mortgage Professional · Jul 22
Summary
$46.95 million was the highest publicly marketed U.S. home sale closed in June, keeping Los Angeles atop Homes.com’s luxury rankings ahead of Miami at $43 million and San Francisco at $26.5 million.
Homes.com said the list covers MLS-listed transactions only, excluding private and off-market deals that remain common in the luxury segment.
63% of Luxury Property Specialists reported more all-cash purchases, up from 51% a year earlier, underscoring why top-end markets such as Los Angeles and Miami are moving on different timelines than rate-sensitive segments.
$3.7 billion in added dollar volume across the top 10% of single-family sales and an 8% rise in median prices for the top 5% point to broadening luxury demand beyond traditional coastal hubs.