The luxury real estate market has never been hotter. Low mortgage rates and a tight market mean demand is high and Variety’s Showbiz Real Estate Elite are the forefront of the bubbling markets in Southern California, New York and South Florida. According to Compass’ “Ultra Luxury Report,” in 2021 the greater Los Angeles region had the most residential sales transaction volume of $10 million and above homes (totaling $10.6 billion) any U.S. market, a 97.5% increase in sales volume compared to 2020.

Kurt Rappaport

Co-Founder

Westside Estate Agency

The star agent has racked up $1.3 billion in career sales. Repped both sides of a $177 million Malibu sale (the largest in California history) to buyer Marc Andreesen. Other notable transactions include the $87 million sale to Jan Koum; the $52 million Eli Broad home; the $47 million home of Ellen DeGeneres. Represented the $26 million Beverly Park home bought by Justin Bieber. Clients have included Larry Ellison, Madonna, Brad Pitt, Tom Brady and Gisele Bundchen and Tom Cruise. “The inventory levels are at all-time lows, the demand in the luxury sector is very strong. The high-end market will remain very healthy for the foreseeable future,” says Rappaport.

Click here to read the full article on variety.com.