Back to
Blog

Blog Post

Ultra Luxury Market Proves Its Resilience in Southern California

September 16, 2014

Be sure to check out this week's issue of the View Magazine! Betty Graham, President of Coldwell Banker Previews International, has quoted me in her opening letter.  This week's issue focused on the trends Coldwell Banker is seeing in the high end of the market.

This week's issue of the View.

" Over the past several months, I have observed strong overseas presence among luxury buyers," she said. "Nearly three out of four potential buyers for my $20 million-plus listings have been international. Many wealthy foreign buyers are looking for deals in the U.S. and overseas markets. Los Angeles real estate prices are currently a bargain compared to many other international cities where real estate prices have skyrocketed. Also, a weak dollar helps make the U.S. seem like a good deal to foreign buyers."

Join Our Network

Keep up to date on the latest market trends and opportunities on the Westside.