With the recent publicity about the buyers market at the moment it is interesting to see that there are three areas in Southern California that are seen price increases!
CNN Money Online has reported that Los Angeles, San Diego and San Francisco have experienced strength in the luxury home market.
Los Angeles has seen a price rise of 1.1% from the first quarter of 2007 and 4.5% from the second quarter of 2006 making the average price of a luxury home a record breaking $2.6 million.
San Diego and San Francisco have reported similar rises. In San Francisco a luxury home now costs at least $3 million on average for the first time.
In the luxury home market there has been a steady increase in demand coupled with historically low interest rates – as well as custom home builders backed up!
If you would like your own Malibu Luxury Home please call Judy Kunisaki on 310-317-8396 today.
