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High-end home sales are surging in Southern California
High-end home sales are surging in Southern California

By most measures, the housing market these days is a bit sluggish. Prices are flat. Sales are drooping. A lot of people are priced out. But not everyone. The high end is hopping. Luxury home sales in Southern California are hitting levels not seen in decades. The number of homes bought for $2 million or more in recent months is the highest on record. Sales worth $10 million or more are on pace this year to double their number from the heights of the housing bubble. "It's pretty mind-blowing, to be honest," said Cindy Ambuehl, an agent with the Partners Trust in Brentwood. "The luxury market has been completely on fire." Low interest rates, a strong stock...

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