For all properties over 1 million dollars in the cities that compose the Santa Clarita Valley – We have posted those homes that are for sale in Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia here.
High end real estate is pulling in the wealthy, otherwise known as the people who have the money to buy expensive properties at hugely discounted prices. While the recessional economy has taken its toll on many, there are people who survived with plenty of cash still left in their bank accounts, as well as those who have made a great deal of money from these tough times.
The recession proved to be a great platform for investors who had money to invest, and now that there is a light at the end of the tunnel these investors see great opportunity in buying luxury real estate at a tremendous savings.
Sales of homes valued at less than a million dollars fell in 2010, whereas sales for homes valued at over a million dollars increased quite a bit. The increase in expensive real estate is not a surprise, especially considering that the high end market is where the savings are greatest and where people who have money can make the most of their money.
It is an ideal time for the wealthy to buy real estate, after all money is cheap to borrow, home values are down, and inventory is high. Those who have money have followed the savvy rules of investment that have withstood the test of time, buying low and selling high. The increase in sales volume for high end homes could lead one to believe that now is indeed the time to buy.
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