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.
Make it a great day!