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Los Angeles and San Diego luxury homes experiencing sales boost this spring

San Diego luxury homes are making a market comeback.
San Diego luxury homes are making a market comeback.

By Patricia Kramer & Patricia Lou Martin

National housing market statistics are finally on the rise. But while median prices and home sales have yet to see a major change in most parts of the state, higher-end homes in California hot spots are benefiting significantly from anticipated market improvements.

San Diego luxury homes

, together with luxury properties in exclusive Los Angeles neighborhoods like Beverly Hills and Bel Air, are inspiring buyer enthusiasm as homeowners look to snatch up deals before prices rise any further. According to a recent

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Bloomberg

report, such properties have even prompted bidding wars among buyers – and subsequently, helped to buoy local markets.

Real estate experts throughout Southern California are seeing a record number of buyers betting on high prices to come – and in the short term, such predictions are helping to boost sales of properties priced at $1 million and above. In recent years, luxury listings would usually sit for weeks or even months on the market before yielding offers; but these days, agents are reporting offers as early as day one of a showing. Why the sudden shift? A dearth of inventory may be one explanation, prompting buyers to seize even fixer-uppers in an attempt to capitalize on fleeting deals.

The local market: San Diego North Coast luxury homes for sale

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Over the past few months, nearly one hundred local homeowners sold properties for between $2 million and $5 million, constituting an impressive showing heading into the height of the buying season. With real estate investors and private buyers alike getting back in the game and low inventory inspiring competitive offers, the time is ripe for sellers to place their luxury San Diego real estate on the market.

At Kramer & Martin Real Estate

, our expertise in assisting with the purchase and sale of high-end Del Mar, Solana Beach, Carlsbad and

Encinitas properties

makes us a strong asset for first-time buyers and real estate aficionados alike. We can help you get the best value for your property, or assist in locating the listings that suit your real estate needs. To learn more, consult our exclusive listings database or request customized information for your San Diego real estate search, get in touch today – and experience the best in honest, effective and top-quality real estate brokerage services. Visit us online, at

www.ranchandcoastproperty.com

.


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