Tuesday, November 25, 2014

High-end home sales are surging in Southern California

My website: www.sandralew.com

Beach close properties are still the hottest!! While housing market is a bit sluggish the high end is hopping!! The number of homes bought for $2 million or more in recent months has been the highest ever on record. Low mortgage rates and wealthy international investors contribute as well as does doing well. California's real estate market is a bargain compared to New York or London.

Quotes:
"High-end home sales are surging in "Silicon Beach," too, with tech entrepreneurs and Bay Area transplants scooping up multimillion-dollar homes in Santa Monica, Venice and Marina del Rey. Many of the buyers work in the area, said Miller, and prefer walkable neighborhoods, relatively close to work, to the traditional hubs of Westside glitz."

 "Then there's the formerly sleepy South Bay. The average sales price in Manhattan Beach through the first nine months of the year topped $2.2 million, said Barry Sulpor at Shorewood Realtors. That's up from $1.85 million in the same period last year. Even empty lots in the beach town's "Tree Section" are going for $1.3 million."

As you get closer to the beach prices go higher. There seems to be no end in rising prices for the high end market.

High-end home sales are surging in Southern California

Luxury home sales sizzle 

 

No comments:

Post a Comment