Crowned by the sale of a Malibu estate for $74.5 million, the number of houses sold last year at $1 million and above statewide jumped to a six-year high, according to real estate information service DataQuick.
In the strongest showing, the number of homes sold at $2 million and up set state, Southern California and L.A. County records.
“The luxury market did bounce back last year,” said housing market analyst Paul Habibi, a real estate lecturer at UCLA’s Anderson School of Management. “A lot of people were stepping back into the waters.”
Among them were lucrative investors looking for a place to park their dividends.
“The stock market lined the pockets of high-end buyers,” Habibi said. “That translated into home purchases
Former George W. Bush press secretary Ari Fleischer perfectly sums up the blighted world view of the Republican Party with this mean-spirited tweet:
I increased donations to charity in 2012. This deal limits my deductions so I, & many others, will likely donate less in 2013.