Los Angeles has dominated the charts of the most expensive homes sold in June.
According to Redfin, five of the Top 10 sellers were in California and three were in Beverly Hills.
This was led by Paris Hilton’s US$63 million purchase of Mark Wahlberg’s mansion at 71 Beverly Park, Beverly Hills.
The home was also ranked as the fifth most expensive home sale in 2025.
The Beverly Hills Estates agent Nicole Palxen said buyers displaced by fires remain big drivers of luxury real estate in LA. She says rising demand from foreign buyers, especially from China, is also fuelling deals in Beverly Hills and Bel Air.
“I see this strength continuing based on the activity I’m seeing right now,” she told CNBC.
“We’ve been showing every single day nonstop.”
This comes after Redfin found the Palisades Fires in January impacted US$51.7 billion worth of homes in LA.
Home market data also indicates that it will take a while for the affected communities a while to recover.
Despite this, there has been a jump in lot sales with June data from the California Association of Realtors (CAR) showing there have been around 172 property or land lots sold in Altadena this year, compared to six at the same time last year. Similarly, there have been around 94 property or land lot sales in the Pacific Palisades compared to one at the same time last year.
House prices have also dropped in these areas with home prices decreasing by 39.1% in Altadena and 23.7% in the Pacific Palisades year-over-year.
Florida, which normally dominates the top 10 list, only had three top 10 sales in June, including the US$38.8 million sale of a Palm Beach spec house.
