00:00Los Angeles led the top 10 most expensive home sales in June, highlighted by Paris Hilton purchasing a $63 million Beverly Hills mansion formerly owned by Mark Wahlberg, signaling renewed vigor in the ultra-luxury tier.
00:15Strong demand continues from buyers displaced by recent wildfires, alongside returning foreign investors, fueling heightened activity in prime areas like Bel Air, Beverly Hills, and Malibu.
00:27Inventory in the $10 million-plus category remains scarce, leading to intense competition and lifting prices, although city policies like the mansion tax on high-value properties may be cooling sales in some sectors.
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