Welcome back to the Real Estate newsletter, your weekly window into a Southern California market that’s so hot, it’s making history.
The six-county region’s median home price hit an all-time high earlier this year, and bidding wars for the small supply of homes on the market probably won’t slow down anytime soon.
Another record was registered in the star-studded neighborhood of Beverly Park, where an Italian-inspired mansion was auctioned off for $51 million — the most ever paid for a home at an auction. A second celebrity-filled enclave, Hidden Hills, saw a major listing as well when French Montana offered up the home he bought from Selena Gomez.
