×
You will be redirected back to your article in seconds

Variety’s Real Estate Elite Report: The ‘Million Dollar Listing L.A.’ Team Sells Ratings Gold

The stars of Bravo’s popular “Million Dollar Listing L.A.” — Josh Altman and Matt Altman (Douglas Elliman Brokerage), Josh Flagg (Rodeo Realty),
James Harris and David Parnes (Bond Street Partners, The Agency) and Madison Hildebrand (Partners Trust, the Malibu Life) — just wrapped their ninth season at the end of 2016, and are pumped about the current hot market.

For Parnes and Harris, Bond Street Partners at The Agency, gross sales for 2016 were over $200 million, “and we’ve already done more than that in the first three months of 2017,” reports Parnes. The team, who also juggle their day jobs with starring roles in the 10th season — “it’s all about time management” — recently sold a $30 million Holmby Hills estate owned by Manny Mashouf, the founder of Bebe, to Danny Harris, the founder of Alo Yoga. “L.A. prices will definitely keep rising as it’s such good value compared with New York, London, Miami and Hong Kong,” says Harris. “And it’s not just residential. Commercial development is red-hot too.”

Flagg, estate homes director at Rodeo Realty, notes, “This is our highest quarter with a record sales amount of $120 million in three months.”

This year “looks like a return to a more traditional market and will be more balanced between buyers and sellers,” say the Altman brothers, the No. 1 Douglas Elliman team who’re coming off another record year. With recent Beverly Hills sales ranging from $10.5 million to $16.5 million, they expect the high-end market “to continue to be the go-to market for international and local investors to park their money and continue to invest in trophy properties.”

Malibu specialist Hildebrand sells more than just homes, he sells the lifestyle of the community. A recent deal was the sale of a $15.9 million beach-front gem.

More Dirt

  • Metallica's Lars Ulrich Selling Marin County

    Metallica's Lars Ulrich Rocks Out of Marin County Mansion

    An extravagant mansion long owned by Metallica’s co-founder and drummer Lars Ulrich, in the posh San Francisco suburb of Tiburon, has come to market at $12 million. Property records indicate the Danish heavy metal maestro has owned the spectacularly sited manse since 1993, when it last changed hands for an unrecorded amount. Presiding over three [...]

  • Jason Aldean Sells Nashville Mansion

    Jason Aldean Sells Mansion Near Nashville

    Platinum selling country music hitmaker Jason Aldean has sold a comfortably luxurious mansion some 40 miles south of Nashville for exactly $7 million. Dubbed the Talley Estate, the secluded 120-acre property was acquired by Aldean and former “American Idol” contestant Brittany (Kerr) Aldean just over three years ago for $5.35 million. Approached via a nearly [...]

  • Annie Potts House

    Film and Television Veteran Annie Potts List Mid-Century Sherman Oaks Home

    Veteran film and television star Annie Potts and husband James Hayman appear to have caught a classic case of the Celebrity Real Estate Fickle, setting a mid-century residence in a secluded neighborhood just below Mulholland Drive in the foothills above Sherman Oaks, Calif., out for sale at $1.795 million after they bought it just over [...]

  • Ben McKenzie House

    ‘Gotham’ Star Ben McKenzie Sells Gotham Condo (EXCLUSIVE)

    “Gotham” star Ben McKenzie has sold a condo at the eco-minded Riverhouse complex in New York City’s Battery Park City that was last listed at $2.675 million. (Property records do not yet reflect a purchase price.) Married in 2017 to his Brazilian born and New York City raised “Gotham” co-star Morena Baccarin, the former “O.C.” [...]

  • Harry Styles House

    Harry Styles Still Seeking Sale of Sunset Strip Villa

    After more than 2.5 years on and off the market with an original asking price that pushed up on $8.5 million, British pop music phenom Harry Styles now has his modern villa above L.A’s Sunset Strip listed at $6.995 million. Once carrying costs, improvement expenses and real estate fees are calculated, the heavily tatted-up 25-year [...]

  • Vanessa Hudgens House

    Vanessa Hudgens Seeks Sale of Longtime Studio City Home

    Actress, recording artist and “So You Think You Can Dance” judge Vanessa Hudgens has her longtime home in the foothills above Studio City, Calif., up for sale at $3.85 million. The “High School Musical” franchise alum, who had a plum role earlier this year in the technical issue riddled televised musical “Rent: Live” and is [...]

More From Our Brands

Access exclusive content