CAROLWOOD 05/4/23
We invite you to enjoy our inaugural Spring 2023 report recapping our performance over the past quarter.
In November of 2022, we officially debuted Carolwood Estates to the world. By successfully combining the top sales, marketing and management talent from across the luxury residential landscape of Los Angeles, we were able to make an unprecedented impact almost overnight. The Real Deal ranked our debut as one their most buzzworthy stories of the year.
As we entered 2023, our single penthouse office in Beverly Hills housed 90 licensed associates, whose combined career sales volume totaled over $22 Billion with $2.9 Billion sold in the past year alone. We brought over $1.6 Billion worth of iconic properties to market including the world-famous Manor, Jennifer Lopez’s 8-acre Bel Air compound, and a Hollywood Hills castle once owned by Madonna.
Our agents were featured heavily in high-profile lists such as Variety’s Showbiz Real Estate Elite, the Los Angeles Business Journal’s Top 100 Residential Brokers and Los Angeles Magazine’s Real Estate All-Stars.
March in particular was an incredible month for us, as we sold over $315 Million worth of listings with $81 Million sold in the first week alone. We achieved the highest sales for the first quarter of the year in the neighborhoods of Bel Air, Sunset Strip, Hollywood Hills, and Los Feliz. They include a Zoltan Pali design in Bel-Air, a confidential celebrity compound, John Lautner’s Garcia House and the new home of a Powerball jackpot winner.
By the first quarter’s end, we achieved a dominant 27% of the $20M+ residential market across Los Angeles and a dominant 21% of the $10M+ residential market in our core neighborhoods.
Not exclusive to just luxury, our firm has sold $120 Million worth of properties priced $4 million and below year to date.
Our elite roster grew this quarter as we welcomed Stephen Sigoloff, Nichole Shanfeld, Marci Kays, Jonathan Mogharrabi, Lisa Sockolov, Peter Zimble, Michelle Ficarra and Nick Spiro to our firm.
We're only getting started...