In California last year, 39,145 homes were sold for $1 million or more, a six-year high. Celebrities and flippers did their part. Statewide, 39,145 homes changed hands for $1 million or more in 2013, up 45% from the year before and the best showing since 2007, DataQuick said. This slice of the market outpaced overall sales, which were essentially the same as in 2012, down only 0.6%.
An all-time high of 7,383 homes sold in the state at the $2-million-and-above mark, up 33% from the 5,536 that changed hands in 2012. Southern California broke a record with 4,514 sales at $2 million and above, and L.A. County also eclipsed previous highs with 2,628 sales.
In L.A.’s ultra-luxury market, locals, foreigners, flippers and celebrities came to the party, with billionaires playing musical houses in the $20-million-and-up price range.
Statewide, areas with the highest number of sales at $1 million-plus were led by Manhattan Beach, Hillsborough and La Jolla. Brentwood and Beverly Hills came in sixth and seventh, respectively.
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