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  • 05 Feb

    LA Times Reports: California's Luxury Housing Market is HOT, HOT, HOT!

    This week the Los Angeles Times reported that “sales of $1-million-plus homes went through the roof in California”.  Moreover,  super-luxury homes of the 20-mil and up variety are also on the move!


    Holmby Hills Mansion. Photo Courtesy of The MLS

    Here is a link to the article in its entirety,  but in case you’re in a hurry, here are some extremely interesting highlights:

    1. 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.

    2. 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.

    3. 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.

    Jeremy Renner4. Celebrities including American Hustle star and house flipper Jeremy Renner were in on the action too.  Renner, along with his real estate business partners, “raked in $24 million for a mansion on two acres in Holmby Hills. The Roaring ’20s Art Deco-style house, reached by a cobblestone driveway, includes five fireplaces, six bedrooms, 11 bathrooms and 10,005 square feet of living space.”

    Here are some pics of Renner’s gorgeous flip!

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