California’s Luxury Market Continues

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.