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Yesterday i wrote regarding what i call the super luxury home market, those homes being over $5 m. Today i allowed us take phone luxury homes priced between $2 m to $5 m in the south these types of. Specifically, i am focusing on manhattan beach, hermosa beach, and redondo beach for this. The trends in this niche on the market alter from the super luxury market in a few interesting different ways. First, sales did not peak in 2006, but rather in 2007. Second, the inventory of unsold homes stands at about 14 months as opposed to the 19 months for your super luxury market. Finally, and really seriously . Quite telling, sales up to now this year are way off for the number of sales this particular past year.
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