DataQuick, a real estate information service, announced that California’s Million Dollar Home Sales were the highest since 2007. The jump in million-dollar home sales last quarter outpaced overall home sales. Total California home sales – including all price levels – increased 10.3 percent year-over-year last quarter, from 109,713 in second-quarter 2011 to 121,058 last quarter.
Last quarter’s $1 million-plus sales were the highest since third-quarter 2007, when 10,946 changed hands. Good news for sure. Manhattan Beach made the top list with a $5.50 Million sale.