The High End market in Los Angeles has slowed down even though inventory remains tight. However, the market in the the $1.5 price range continues to soar with not enough inventory to meet demand - more importantly, it marks the 21st consecutive quarter where prices have gone up.
The upper 10% of homes sales is the defined "High-end or Luxury" single-family home and according to these statistics dropped to an average price of $11.67 million in the last quarter which was a 6.7% decline. READ MORE
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