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The national fourth-quarter data is discussed in the video below, and Kelly makes a great point at the very end.

Statistically we’ve been steady, and I triple-checked these numbers!  These are the sales of houses between Carlsbad and La Jolla that closed at or above $1,000,000 in the fourth quarter:

Year
# of NSDCC $1M+ Sales
Avg SF
Avg $/sf
Median SP
4Q11
191
4,376sf
$493/sf
$1,425,000
4Q12
331
3,903sf
$535/sf
$1,500,000
4Q13
330
3,771sf
$598/sf
$1,507,592
4Q14
331
3,762sf
$591/sf
$1,555,000

From cnbc.com – an excerpt:

The stronger dollar has also hurt overseas demand, as U.S. homes become expensive for those buying with other currencies.

The most expensive home deal in the fourth quarter was the $70 million sale of the 23,000-square-foot ultra-modern home in Beverly Hills, California, sold to Markus “Notch” Persson, the founder of the Minecraft video game. The house, built on spec by handbag magnate Bruce Makowsky, was listed for $85 million.

Outside of New York, the community with the largest number of $1 million-plus homes sold in the quarter was Manhattan Beach, California, with 109 sales. Laguna Beach, California, was second, with 91.

Among the biggest discounts in the quarter was the $5 million sale of a waterfront property in Newport, Rhode Island, that had once been listed for $12.9 million. A property in Santa Paula, California, listed for $6.34 million ended up selling for $3.5 million.

http://www.cnbc.com/id/102344819

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