Redfin Corporation has reported on the most expensive home sales for the month of May, revealing that luxury real estate continues to thrive in Southern California, Florida, and Manhattan. The standout transaction was a Bel Air estate, which sold for $110 million, making it the most expensive sale of the month. Following closely was a Spanish villa in Holmby Hills, Los Angeles, purchased for $57.3 million. Overall, the top 10 transactions included four homes in Southern California, four in coastal Florida, and two in Manhattan, each selling for more than $30 million. Despite growing climate risks and rising insurance costs, these high-end properties continue to attract wealthy buyers who are undeterred by potential losses. Additionally, Redfin highlighted that the most expensive active listings are predominantly located in Florida, with the priciest being an oceanfront estate in Manalapan, FL, listed at $285 million.
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