LA luxury home sales continue to climb

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Brentwood, Los Angeles/Flickr user Slices of Light The luxury housing market in Southern California continues to venture forward in the second quarter of the year with modest annual gains. According to Sotheby’s International Realty’s Greater Los Angeles Market Report, overall luxury home sales increased 5 percent annually in the first half of 2016. Between January and June, 432 homes sold, which is 20 more than the first half of 2015. Luxury homes are considered to be homes sold for more than $3 million. In the second quarter of the year, Brentwood saw a 16 percent increase in the number of homes sold in that period compared with the same quarter last year. There were 37 home sales, compared to 32 the previous year. “Brentwood continues to dominate the local luxury m…


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