BEVERLY HILLS, Calif., Feb. 12, 2025 /PRNewswire/ — Within the first week of 2025, the unimaginable had already happened. Los Angeles endured one of the worst natural disasters in California’s history. The Palisades and Altadena wildfires caused unprecedented direct and collateral damage which have affected the lives of all Angelenos in some capacity.
The all-star brokerage lead by CEO Drew Fenton took in $3.2 billion in sales in only its second year of operation.
Despite the numerous challenges currently facing Los Angeles, the city’s tenacity remains unmatched. Carolwood’s staff and agents are committed to supporting the relief efforts of their choice and providing the highest level of service to their clients at a time where expertise, integrity and compassion are of upmost importance.
As the firm looks towards a brighter future, Carolwood Estates has launched its 2024 Annual Report, shedding light on an incredible second year of operation for the startup lead by CEO Drew Fenton. The all-star brokerage celebrated its two year anniversary this past November.
Carolwood’s Beverly Hills office of 150 elite associates expanded to a roster of 180 as they welcomed Lisa Optican, Kevin Booker, Greg Holcomb, the Alan Long team, Patrick Fogarty, Connie Blankenship, Kate Newton and Heather Boyd to the firm among others.
Most notably the company partnered with David Parnes and James Harris of Bond Street Partners in February. The duo are two of L.A.’s biggest celebrity agents with over $940 million in sales in 2024 and count Rihanna, Carey Mulligan, Charlie Puth and Kevin Durant among their past clients (per media outlets).
This unrivaled pool of diverse talent has helped Carolwood Estates to achieve a dominant 35% market share of the $20 million+ residential market and a leading 27% market share of the $10 million+ market in the prime neighborhoods of Los Angeles with an annual sales volume of $3.2 billion in 2024. The figure doubles that of Carolwood’s debut annual performance of $1.6 billion in 2023.
Carolwood was ranked as the #1 boutique residential firm in Los Angeles by The Real Deal in August, ranking 8th overall by on-market volume. The publication dubbed 2024 as “the year of Carolwood Estates” in December, as Carolwood’s associates represented half of the transactions on The Real Deal’s list of 2024’s most expensive home sales in Los Angeles.
Carolwood’s associates achieved the highest sales of 2024 in Holmby Hills, Beverly Hills, Trousdale, the Bird Streets, the Hollywood Hills, Little Holmby, Century City, the Wilshire Corridor, Encino, Sherman Oaks and Studio City.
They include the purchase of George Clooney’s Studio City home for $14.5 million (represented by Kevin Dees), Meghan Trainor’s purchase of Zedd’s $17 million Encino estate (represented by Justin Paul Huchel) and both sides of an off-market mega-mansion deal in Beverly Hills. Quietly offered at $65 million by CEO Drew Fenton, the buyer was represented by Zac Mostame.
Fenton represented the four highest residential sales in Beverly Hills of the year himself, while David Parnes and James Harris of Bond Street Partners represented three of the four highest residential sales in the Bel Air / Holmby Hills area respectively. Carolwood’s associates also represented four of the five highest residential sales in the prestigious Bird Streets, the three highest sales in the Wilshire Corridor / Century City area and the two highest residential sales in Little Holmby.
Cooper Mount represented the buyer of The Edge, designed and developed by Unvarnished, at $61 million marking the highest on-market sale in Malibu of the year.
Fellow top producers at Carolwood include Bjorn Farrugia, Linda May, Nichole Shanfeld, The Advisory, Resnick & Nash, Susan Smith, Jonah Wilson, Richard Ehrlich, Kays & Mogharrabi, Andrew Rhoda, Stephen Sigoloff, Brett Lawyer, Anthony Bundak, and Susân Perryman.
In total, Carolwood’s associates conducted 104 transactions priced $10 million and above in 2024 with nearly a quarter (23%) of those deals being conducted in-house with fellow associates at the brokerage.
Not exclusive to just luxury, the firm sold $650 Million worth of properties priced $4 million and below in 2024.
The full report is available now on Issuu.
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SOURCE Carolwood Estates
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