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RealEstate Mega Moves

on May 28, 2024

2024 mansions

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Luxury Real Estate's Shifting Landscape in 2024 2024 has brought significant shifts to the luxury real estate market. While some regions are seeing mega-mansions sit on the market with eye-popping price drops, others are witnessing a surge in demand, driving prices to new heights. Let's dive into the current state of the luxury real estate market, exploring both the bargains and the booming sectors. Not all luxury markets are thriving in 2024. Some areas that were once hotbeds for mega mansion sales have been experiencing cooling trends for the past few years, Los Angeles Several mega mansions have seen significant price reductions, with some listings slashing tens of millions of dollars off their asking prices. This is due in part to a surplus of inventory and changing buyer preferences. Notably in 2020 the "One Bel Air", a massive 105,000 square foot mansion, once listed for $500 million USD, has undergone multiple price cuts and was recently listed for auction wit...

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