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Yesterday i wrote about what i call the super luxury home market, those homes pricing over $5 m. Today i proceeded to take apple iphone 4 luxury homes priced between $2 m to $5 m in the south sea. Specifically, i am focusing on manhattan beach, hermosa beach, and redondo beach in this. The trends in this niche within the market change from the super luxury market in several interesting methods for you to. First, sales did not peak in 2006, but rather in 07. Second, the inventory of unsold homes stands at about 14 months as instead of choosing to the 19 months for that super luxury market. Finally, and really seriously . Quite telling, sales so far this year are way off of the number of sales in ’09.
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