Orange County Million-dollar Home Sales Jump 52% in 2013

Last year’s housing recovery was a boon to luxury home sales, with 5,506 million-dollar-plus home sales recorded in Orange County, up 52 percent from the year before, DataQuick Information Systems reported Thursday.

That’s the highest number of $1 million deals since 2006.

Upper-crust sales ranged from $1 million for a 500-square-foot Balboa Peninsula house to $33 million for a 3,500-square-foot beachfront in north Laguna Beach.

The biggest house sold last year was a 15,002-square-foot residence in Irvine’s Shady Canyon, which sold in May for $8.5 million, figures from Redfin show.

The real estate website also reported 23 transactions of $10 million or more. Almost 1,500 of the $1 million sales were for $1.25 million or less.

The Upper Newport Bay-Fashion Island area had the county’s highest number of million-dollar deals. The 92660 ZIP code, stretching from Linda Island to the San Joaquin Hills (73) toll road, had 376 seven-figure deals, fourth-highest in the state.

Laguna Beach had the state’s fifth-highest tally: 374. Corona del Mar and Newport Coast tied for 23rd most in the state with 252 million-dollar home sales each.

Statewide, 39,175 homes sold for $1 million or more, the most since 2007. Some highlights:

  • Highest price: $74.5 million for a 15,355-square-foot, 8-bedroom, 14-bathroom beachfront in Malibu.
  • Biggest million-dollar home: A 25,447-square-foot, 16-bedroom, 18-bathroom mansion in Indian Wells that sold for $2.25 million.
  • Most deals: Manhattan Beach at 439 million-dollar deals.

Please contact us  to help you sell your home and find the home of your dreams!  We specialize in Laguna Beach, Newport Beach, Dana Point, San Clemente and our inland coastal communities.

Make it a great day!

Jeff

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