California’s luxury market continues to put new air under it’s wings with more growth in the 4th quarter of 2017. There were more than 11,000 sales above the $1M market in California at the tail end of 2017 according to a California Association of Realtor’s report. There were only 33 sales of more than $10M in the same time period. See the chart below to see general California luxury market statistics.
In Costa Mesa, there were 164 sales of $1M or more, which represents about 18% of all sales in Costa Mesa.