- According to DataQuick, the number of homes sold at $1 million and above last year was up 45.1% to 39,175. This is the MOST since 2007. At the $2 million and up level, records were set in 2013. Interestingly, we saw similar trends with Tahoe Lakefront sales, with the median home sale price being the highest since 2007. View the data.
- Reasons the market is booming: lucrative investing, gains in home equity, foreign money coming in, and high-end home flipping
- The most expensive sale last year was in an off-market deal in Malibu. Oaktree Capital Management Chairman, Howard Marks, sold his 9.5 acre estate for … wait for it… $74.5 million.
- Runner up – Karate Kid producer, Jerry Weintraub sold his LA County bluff-top, 7 acre compound for $41 million.
The Wovoka Estate in Zephyr Cove sold for $20,900,000 in 2013.