Everyone asks me “So how is the market?” The answer is “it depends, are you a Buyer or a Seller?” While the latest news reports have shown some rising home prices, these statistics represent the average home sales that are well under the million dollar price point. Homes that are valued over $2 Million represent less than 2% of home sales nationwide and this market is currently experiencing strong price fluctuations.

Everyone asks me “So how is the market?” The answer is “it depends, are you a Buyer or a Seller?” While the latest news reports have shown some signs of rising home prices, these statistics represent only the average home sales and these are well under the million dollar price point. Homes that are valued over $2 Million represent less than 2% of home sales nationwide and this market is currently experiencing strong price fluctuations.

Savvy real estate investors understand that the key to real estate success is market knowledge and “strategizing at the peak market time”. This is especially true in the rarified world of luxury real estate. Luxury real estate is usually classified as properties valued at over $1 million, but in Los Angeles the luxury market is classified as properties over $2 Million and the Mega Luxury market are for properties valued at over $10 million. In the enclaves ...