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Los Angeles’s Luxury Real Estate Market Might Be Covid-19 Proof

by paulmcdonald
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Reposted from Bloomberg | By James Tarmy | July 24, 2020 In late June, Lillian Lim, an independent developer whose company Sea Society LLC buys and renovates homes, listed a 2,400-square-foot craftsman-style home a short walk from the Larchmont Village neighborhood of Los Angeles. She’d bought it for $1.5 million in 2019 and done extensive renovations; within a week of listing it for $2.495 million, she had a firm offer. Soon after, a second, all-cash offer above ask came through, and now the house is in escrow. “I was nervous, but by the time it was ready to hit the market, there […]