Luxury May 2015 Home Sale in Glendale: Film producer Nile Niami is building a luxurious 74,000-square-foot Bel Air home on spec! The project, which will take at least 20 more months to complete, will exceed 100,000 square feet, including a 5,000-square-foot master bedroom, a 30-car garage, and a casino. The asking price? $500,000,000. While luxury home sales in Glendale are doing well, we have yet to reach the stratosphere.
Last month, the most expensive Glendale home sale was 720 W. Kenneth Road. This four-bedroom, four-bath residence sold for $2,225,000 – $37,000 over the list price. It is over 4,000 square feet on a little more than ½ acres. The buyer paid cash!
According to data compiled by Realtor.com, California dominated the “hottest” markets list with half of the country’s 20 hottest real estate markets. California markets rank highly because of tight supply and economically driven growth in demand. What does this mean for Glendale home sellers? Expect a fast sale!
Marketing for this Luxury May 2015 Home Sale in Glendale
