Luxury Homes Shake Up LA Market

Meg Ryan’s Montecito estate just hit the market again—this time for nearly $22M, after a lightning-fast flip from $16.8M. Meanwhile, a Pasadena mansion made famous by “Batman” and “Bridesmaids” is now asking $32M, up from last year’s $20.5M sale thanks to major renovations. Kanye West’s Malibu property is headed for foreclosure after its buyer failed to redevelop it, with a judge siding with the lender. In Hidden Hills, “The Collection” unveils five luxury mansions ranging from $16M to $40M, with nine more coming soon. Across LA County, luxury sales volume is flat but total value dropped 26%, while mid-market homes ($5–$7M) are seeing the most activity. The most expensive home under contract? A Beverly Hills estate listed at $14.9M, down from its March $16.5M asking. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ea20373ec31612b0