Million-dollar home sales hit seven-year high in California

LA TIMES | by Tim Logan

Sales of million-dollar-plus homes hit their highest level in seven years in the second quarter.

The number of homes that sold for $1 million or more in California hit a seven-year high in the second quarter, and sales north of $2 million reached a new record.

That’s according to new figures from San Diego-based DataQuick, which tracks local housing markets in the state. They found million-dollar-plus sales grew at a 9.1% clip statewide compared with last year, while sales overall fell 7.4%.

Several factors are driving the high-end liftoff, market-watchers say…

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http://www.latimes.com/business/realestate/la-fi-million-dollar-homes-seven-year-high-20140731-story.html

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