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Redfin Report Details May’s Most Expensive U.S. Home Sales and Current Luxury Listings

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Redfin (NASDAQ: RDFN), a technology-powered real estate brokerage, has released a report detailing the most expensive U.S. home sales in May, led by a $110 million Bel Air estate, alongside an analysis of current high-value luxury listings on the market.A Bel Air estate was recorded as the most expensive home sale in May, fetching $110 million, according to Redfin’s latest report. This was followed by a Spanish villa in Holmby Hills, Los Angeles, which sold for $57.3 million. The analysis revealed that four of last month’s top luxury home sales were in Southern California, four in coastal Florida, and two in Manhattan. Four of these properties sold for $55 million or more, with all top sales exceeding $30 million.Coastal regions of Florida, including Palm Beach and Boca Raton, frequently feature in lists of ultra-expensive home sales. Despite increasing climate disaster risks and rising insurance costs in these areas, the report notes that ultra-wealthy homebuyers typically possess the financial capacity for rebuilding, repairs, or absorbing potential losses.The most expensive U.S. home sales recorded in May were:630 Nimes Rd., Los Angeles, CA 90077: Sold for $110 million391 N. Carolwood Dr., Los Angeles, CA 90077: Sold for $57.3 million1140 S. Ocean Blvd., Manalapan, FL 33462: Sold for $55 million12032 E. End, North Palm Beach, FL 33408: Sold for $55 million1519 N. Ocean Way, Palm Beach, FL 33480: Sold for $48.5 million973 5th Ave., New York, NY 10075: Sold for $46 million1 Pelican Crest Dr., Newport Coast, CA 92657: Sold for $42 million25 Bond St., Penthouse West, New York, NY 10012: Sold for $34.5 million63 Monarch Bay Dr., Dana Point, CA 92629: Sold for $34 million1788 Royal Palm Way, Boca Raton, FL 33432: Sold for $31.5 millionRedfin also analyzed the most expensive active listings currently on the market. The top two, both oceanfront Florida estates, are listed above $200 million. All ten of the most expensive active listings are priced over $125 million. Geographically, half of these listings are in Florida, four are in the Los Angeles area, and one is in Lake Tahoe.The report highlights that many of these top-tier luxury homes are recurring from previous rankings, a characteristic of the high-end market where properties typically take longer to sell. For comparison, the average U.S. home sells in 38 days, whereas each of these luxury listings has been on the market for over 120 days.Today’s most expensive active listings include:1960 S. Ocean Blvd, Manalapan, FL 33462: Listed for $285 million100 Bay Road, Naples, FL 34102: Listed for $210 million1949 Glenbrook Inn Rd., Glenbrook, NV 89413: Listed for $188 million607 Siena Way, Bel Air, CA 90077: Listed for $177 million1261 Angelo Dr., Beverly Hills, CA 90210: Listed for $175 million1370 S. Ocean Blvd., Manalapan, FL 33462: Listed for $150 million190 Palm Ave., Miami Beach, FL 33199: Listed for $150 million594 S. Mapleton Dr., Los Angeles, CA 90024: Listed for $137.5 million3585 Anchorage Way, Miami, FL 33133: Listed for $135 million9505 Gloaming Dr., Beverly Hills, CA 90210: Listed for $126 millionThe full report is available on the Redfin website.Redfin, founded in 2006, is a technology-powered real estate company that offers brokerage, rentals, lending, and title insurance services. The company operates the country’s leading real estate brokerage site, aiming to help customers save on fees while working with agents. Redfin serves approximately 100 markets across the U.S. and Canada and employs over 4,000 people. Its affiliated brands include Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and Walk Score®.

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