LOS ANGELES, July 9 (UPI) — Industry observers say a recent uptick in sales of high-priced Los Angeles mansions may be a signal that the overall real estate market is turning around.
The Los Angeles Times said Saturday at least six homes have sold this year at prices in excess of $20 million compared with only a few in the rest of Southern California.
While six deals is not considered statistically significant in such a huge market, the performance of the niche has caught … (View original article)