Beverly Hills Condo Contract Leads LA Luxury Market

The Los Angeles luxury residential market’s top deal to go under contract last week was a condo at the Rosewood Residences Beverly Hills.

The unit is one of 16 signed contracts counted last week by the Eklund Weekly Luxury Report for Los Angeles County. The weekly roundup includes signed contracts on properties above $4 million. Last week’s total is up from the prior week’s dozen signed contracts.

Meanwhile, total volume for Los Angeles County last week came in at $113.3 million, according to the report. That compares with $101.8 million in volume recorded the prior week.

That the reporting period’s top contract came from the condo market is notable following a relatively quiet past few weeks for that segment.

Rosewood Residences Beverly Hills at 9900 S. Santa Monica Blvd (rosewoodhotels)

The unit in Rosewood Residences at 9900 South Santa Monica Boulevard totals 3,934 square feet and has an asking price of $12.3 million. It features three bedrooms and four bathrooms. It’s part of a property comprising 17 residences with amenities such as a 50-foot rooftop pool, cabanas and city views.

The price tag reflects a 2 percent increase from the original listing price in early June of $12 million, according to Zillow, with the unit on the market for 20 days.

Compass agents Sally Forster Jones and Tomer Fridman have the listing.

Single-family deals continued to dominate Los Angeles County activity, with the No. 2 contract for last week at 550 Haynes Avenue in Beverly Hills. The home’s asking price is $11.5 million.

The Beverly Hills Estates’ Branden and Rayni Williams, along with Carolwood Estates’ Cooper Mount, have the listing.

Records show the owner of the Trousdale Estates home is an LLC registered in Marina Del Rey.

The renovated mid-century home touts high A-frame ceilings and ocean views sitting on more than half an acre. It has three bedrooms and four bathrooms and totals 3,200 square feet.

Overall, single-family homes included in the report were on the market for an average of 70 days. That compares with an average of 73 days in the prior week.