It’s good and getting better!
Price appreciation and an improving economy mean good news for the luxury home market. After several years of slow to no growth, the last quarter of 2012, saw a 43% jump in the number of sales of homes over $1 million! That’s good news. Prices for million dollar homes statewide* are at a five year high while the median home price in San Diego is at a four year high. The future looks bright for sellers throughout San Diego and the housing market in general!
*La Jolla ranked #8 in home sales over $1 million.