September 9, 2015
Los Angeles' white-hot luxury home market shows no signs of cooling. The average luxury home sales price in the city grew 10.5 percent — to $7.4 million — during the second quarter of 2015, while the average number of days on the market fell 11 percent (to 88 days), according to real estate brokerage Douglas Elliman. Witness record-setting sales in some of the hottest markets — with many buyers paying al cash. "It's a healthy market, and there's no better place to invest," says John Aaroe Group's Aaron Kirman, one of THR's top 25 agents — presented here in alphabetical order — selected for their client rosters and killer deals.
The housewife turned real estate powerhouse has run her brokerage for more than three decades. This year, she represented the buyer of Foyt and Jaglom's 609 E. Channel Road home in Santa Monica for $23 million and Gianni Nunnari's Bel Air home for nearly $16.6 million. In October, she sold Sheryl Crow's Hollywood Hills compound for $11.1 million. On what's changed about working in the industry from the '80s to present day, Nourmand says, "In 1989, we used to write offers on top of the roof of the car to see if we could run in and get it signed [by buyers]. It was crazy. ... It's different now because now you just add a few zeros to everything. What was once $5 or $10 million is now $15 or $25 [million]. It's pretty amazing."