PHOTO: Cindy Ambuehl – The Agency
Between Jay Z and Beyonce’s purchase of an $88 million Bel Air spec house and Angelina Jolie’s $24.5 million buy of the Cecil B. DeMille estate in Los Feliz, there were plenty of headlines coming out of L.A.’s white-hot luxury real estate market the past year, and signs point to more of the same. In the second quarter of 2017, the median sales price of a luxury home reached $9.5 million — a 3 percent increase from the same period last year, according to Douglas Elliman.
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