Real Estate Forums

San Diego Real Estate · 08-16-2006, 09:23 PM

Luxury home prices in Los Angeles, San Diego, and San Francisco continued to increase during the second quarter of 2006 but at a slower pace, according to the First Republic Prestige Home Index™, which tracks homes valued at more than $1 million in key California markets. In Southern California, sales of homes valued $10 million or higher have remained strong, while sales in the lower- to mid-tiers of the luxury home market have slowed. In San Francisco, the entire market for high-end homes has cooled.
Compliments of NAR...

sneha · 09-09-2006, 12:30 AM

As the Strip lies outside of the Los Angeles city limits and was an unincorporated area under the jurisdiction of the County of Los Angeles, the area was under the less vigilant jurisdiction of the Sheriff's Department rather than the heavy hand of the LAPD. It was illegal to gamble in the city but legal in the county. This fostered the building of a rather wilder center of nightlife than Los Angeles would tolerate and in the 1920s a lot of nightclubs and casinos went in along the Strip, which attracted movie people to this less restricted area, with alcohol served in back rooms during Prohibition.
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Las Vegas Homes · 10-24-2006, 07:17 PM

I would have to say the same thing for the Las Vegas home market. I mean we typically follow CA anyways, so the fact that we are in the same boat as them is really no suprise!!

REMAX LV · 11-08-2006, 08:28 AM

Good news for the CA Realtors out there

I hope that the Las Vegas real estate market can say the same thing....any increase is a good things right now!

REMAX LV · 11-29-2006, 05:21 PM

Yes, the Las Vegas luxury home market seems to have stablilized itself. They were up last year big time, but I can honestly say that they have stayed more contstant than I might have thought after the changes in the market!

Las Vegas Real Estate · 11-29-2006, 05:28 PM

Yes, I would have to agree that high end Las Vegas homes are still going strong in comparison to the current Las Vegas real estate market. I have actually sold at leat 3 within the last 6 months or so.