Luxury Home Sales Surge in Beverly Hills

Luxury real estate in and around Beverly Hills is selling at a hot pace despite a swell in foreclosures on high-end homes elsewhere in the US, reports the Wall Street Journal. One high-profile example: Jennifer Aniston sold her mansion last summer for $36 million—nearly triple the $13.5 million she paid for it in 2006. It worked out to a record high $3,600-per-square-foot price.

In 2011, 25 homes in the region have been purchased for $10 million or more, outdoing the boom years of 2006 and 2007. Speculators and renovators are flocking to the 90210 action. A Lions Gate exec just sold the $9.8 million home he bought in 2009 to a Russian soccer player for $14.4 million, and a European businessman who bought a 20,000-square-foot house for $16.5 million last fall is now asking $25 million. (More Jennifer Aniston stories.)