2012 was a good year for high-end home sales in L.A. County
Good news coming from the L.A. Times regarding the local real estate market…Especially on the high-end:
Last year was the best for high-end home sales since the housing bubble burst, and among those making the A list for celebrity mega-deals were Ryan Seacrest, Ellen DeGeneres and Jennifer Aniston. Twice as many homes were sold in the $5-million-plus range in Los Angeles County than three years ago, the low mark after the housing crash, according to the real estate information firm DataQuick. Through November, the latest month for which counts are available, 296 home sales had appeared in the public record above $5 million, the most since 2007, as the top of the market reflected the growing strength in overall home sales during 2012.
Read the full article here.