February 8, 2012 |
In a battle of the beach cities, Hermosa Beach was the big winner last year where median home prices were concerned and Malibu the biggest loser. But first appearances can be deceiving. Los Angeles County luxury communities that showed the most price gains last year were largely just regaining previously lost ground. Hermosa Beach 90254 was the big gainer with prices up 15.8% to a median of $1.1 million among ZIP Codes with medians above $1 million and where at least 50 existing single-family homes sold, according to DataQuick statistics.
November 28, 1993 |
Oscar-winning actress/singer SHIRLEY JONES and her husband, comedian MARTY INGELS, have purchased singer Janet Jackson's townhouse in the Brentwood development of Mountaingate. Jones, who appears Dec. 11 in concert at the Palm Springs Desert Museum, has made at least 20 films, including "Oklahoma" and "Elmer Gantry," for which she won her Oscar. Now 59, she starred during the 1970s in ABC's "The Partridge Family."
December 26, 2004 |
The luxury home market is getting a boost as the U.S. dollar falls relative to many foreign currencies. Leading the rush to buy in the United States were an estimated 18,000 Britons who purchased second homes in the U.S. in 2004, up 50% from 2003. "With the British pound worth nearly $2 -- $1.94 as of mid-December -- Brits view the U.S. housing market as having a two-for-one sale," said Laurie Moore-Moore, president of the Institute for Luxury Home Marketing.
December 14, 1989 |
Disgraced former East German leader Erich Honecker will have to leave his luxury home by February so that it can be turned into a center for the handicapped, a government spokesman said today. Spokesman Wolfgang Meyer said the secluded country compound at Wandlitz, where Communist bosses used to live in luxury, will be turned into a 400-bed rehabilitation center.
September 2, 1997 |
The high-tech employment surge is beginning to have an impact on the Orange County housing market, particularly new home communities. Experts say the luxury home sales are booming, thanks to wealthy techies moving into more lavish digs and new executives moving in from other areas of the state. The numbers tell the story. Last year, only three new home communities priced above the $250,000 mark were considered hot sellers (meaning 1.7 or more homes sold there a week.
April 4, 1997 |
Fueled by stock market profits and growing executive ranks, construction in the luxury home market is beginning to take off again throughout Southern California. Well-heeled managers who had put off purchasing a larger home during the recent housing slump are now pouring some of that newly minted wealth into flashy digs with amenities like wine and cigar rooms, libraries and home theater rooms.