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Luxury home sales have boomed in Beverly Hills, Santa Monica, Pacific Palisades and Brentwood. When it comes to sales involving luxury homes across the country (properties that sell for $3 million or more) a large chunk of these home sales are in the greater Los Angeles market. Two neighbori...
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That outpaces the record 37% decline in sales of non luxury homes. The supply of luxury homes for sale is also near historic lows.