Some are buying what is termed Luxury real estate in the Santa Clarita Valley Cities. However, you will see that they are not buying those types of residential real estate as fast as those in the 300-450k price ranges are concerned.
That is because, the more expensive real estate becomes, the less that can afford it.
Simple, yet true. Also, most people that are buying in the Multi Millions of Dollars are not using “traditional” financing, or any financing at all.
These are cash deals, why independent appraisals are very important to have conducted on the sellers and or buyers behalf.
Here are the latest links that my Luxury Real Estate Team at REMAX of Valencia CA has put together for our clients to be able to search the various price points when it comes to Luxury Homes and Estates.