Which SoCal Communities have the most million-dollar homes?January 15, 2017 by Gregory Corman
California is living up to its nickname of the Golden State, in as much as sales of million dollar homes are concerned. According to DataQuick, which monitors real estate activity nationwide, the number of California homes that sold for a million dollars was at its highest level during the second quarter of 2014, a level that hasn’t been seen in seven years. Homes in the high-end luxury real estate market continued to do well, with record sales for homes in the $2 million to $5 million range seeing record highs.
Leading the pack in terms of homes with sales of a million dollars or more is Manhattan Beach, one of the three coastal communities in the South Bay area, with the other two being Hermosa Beach and Redondo Beach. Manhattan Beach is constantly ranked among various top ten lists as one of the best places to live in Southern California due to its prime oceanfront proximity, high-income-earning residents, and outstanding schools. Prices of homes in Manhattan Beach are among the highest in California, and during the second quarter of 2014, the city sold 146 homes priced over a million dollars and above.
Rounding out spots in the top 25 communities with the largest number of million dollar home sales after Manhattan Beach are Del Mar in San Diego County, Laguna Beach in Orange County, La Jolla in San Diego County, Pacific Palisades in Los Angeles, Newport Beach in Orange County, Brentwood in Los Angeles, Beverly Hills in Los Angeles County, Rolling Hills Estates in Los Angeles County, and Hollywood in Los Angeles. All SoCal communities in the list had more than 70 homes in the million-plus category sold in the second quarter of 2014.
Looking at the list, the beach and oceanfront communities tended to have more million-plus homes, with Manhattan Beach, Del Mar, Laguna Beach, La Jolla, Pacific Palisades, and Newport Beach among the top contenders. The most expensive home sold in Southern California was in Brentwood, which was priced at $40 million, while homes in Pacific Palisades, Laguna Beach, Beverly Hills, La Jolla, and Manhattan Beach were priced at $12 million and above.