HEAVYHITTERS SEE A BULLISH FUTURE

Variety’s list of real estate dealmakers includes stars on both sides of the transactions in the billion-dollar range

$25.25 million. “Although it’s been reported that there’s been a recent slowdown, based on our recent sales the market for true trophy properties in the best locations will only continue to increase in value,” they said in a statement. Wests’ Holmby Hills home; 172 Bliss Canyon Road for $39.9 million; and 417 Paseo de la Playa, Redondo Beach. Their 2018 sales volume was over $447 million, and recent listings include Cher’s former Benedict Canyon estate for $68 million and the double penthouse — on the market for the first time — at Sierra Towers in West Hollywood for $48.8 million. “In today’s market you need a high quality product, and it has to be priced realistically for what it’s worth, not what you want, as there’s a lot of inventory,” they say. This year, the team completed more than $200 million in sales volume, with notable sales including the iconic “Brady Bunch” home, sold for a record-breaking price to HGTV. He also represented Michael Feinstein’s $26 million Los Feliz mansion; a Hollywood Hills home designed by the Amangiri Resort hotel team sold for $12 million; and a contemporary estate developed by ANR Signature Collection and architect Birgit Hansen for $14.675 million. “We’ve already seen a slowdown in the ultra-high-end market of $40 million-plus homes. Only two sold last year. But $10 million and below is still a hot market,” he says. Top sales for 2018 include 56 Leonard St., 40West for $13.95 million; 11 Leroy at $11.25 million; and 7 Hubert St., for $10.95 million. Top listings on the market include 111 Murray St. penthouse for $40 million; 166 Perry St. penthouse for $30 million; 239243 W. 18th St. for $22.5 million and The Police Building, 240 Centre St., for $12.75 million. “The high-end market is finally at a place where buyers are getting a little a break. We expect it to come down a bit more before turning around, but in the meantime, sellers are becoming more flexible in negotiations,” he says.