It was a testing year for the luxury market. While eye-opening closings made headlines — think Lachlan Murdoch’s $150 million Bel Air mansion and Ken Griffin’s $238 million penthouse — there was a 16% decline in luxury contract signings overall from the previous year. According to Olshan Realty’s year-end report, which analyzes contract signings above $4 million, there were 935 such contracts, representing a total value of $7.65 billion, in 2019. It was the lowest
source https://therealdeal.com/2019/12/26/big-sales-big-discounts-the-luxury-markets-tumultuous-2019/
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