Sales of Pasadena real estate were among high-dollar purchases that set a record in California for 2013. According to an article on LATimes.com, 39,145 homes across the state were sold for $1 million or more, a six-year high.
A Malibu estate topped the luxury sales with its $74.5 million price tag, based on information from DataQuick.
The number of homes that sold at $2 million and up also set state, Southern California and LA County records, according to the article headlined “Sales of $1-million-plus homes went through the roof in California.”
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A combination of appreciating home values and celebrity purchases have been cited for the record-setting numbers.
Pasadena real estate sales of $1 million and up
Find out what's happening in Pasadenafor free with the latest updates from Patch.
The Pasadena area recorded its share of $1 million-plus home sales. Based on numbers in the Pasadena-Foothills multiple-listings service, December ended with 22 sales of $1M-plus homes in Pasadena; 14 in San Marino; and 14 in La Canada Flintridge.
Over the course of 2013, the Pasadena real estate market saw 283 sales of $1 million or more. San Marino sold 139 $1M-plus homes for the year, and La Canada brought in 191.
Several communities in the area -- including South Pasadena, San Marino and La Canada Flintridge -- have a median home price in excess of $1 million, as of this week. It’s not uncommon for homes in Pasadena and surrounding areas to draw such prices.
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