| High End Just Got Higher |
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As much as I love to be optomistic about everything going on in the real estate martket, I can not help but be a little bit shocked when I see a new listing for over 15M hits the market. It isn't that the agents representing these properties do not know what they are talking about, not at all, but it is that these properties are so completely over priced that it is as if the sellers simply make up a price.
Currently there are 14 properties on the market over 15M on the beach, 2 of which have been listed in the last couple weeks. One is a little north of pepperdine, 33428 Pacific Coast Hwy for close to 17M represtented by Eytan Levin and the other is 21804 Pacific Coast Hwy for 65M represented by Stephen Shapiro.
Regardless these places are beautiful and who knows, maybe they will actually bring up the market. Assuming these places actually sell... 
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