Los Angeles’s Luxury Home Prices Are at a Record High
Regan Hagestad
November 26, 2014
The price for luxury homes in Los Angeles continued its upward trend in the third quarter, marking five quarters in a row of double-digit gains. The gains, according to First Republic Bank, are largely due to limited inventory and low interest rates. Luxury homes are those valued at over $1 million. Homes in this category are up 13% from the
