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Luxury Real Estate Surges Amid Cooling Market | Real Estate News

Luxury Real Estate Surges Amid Cooling Market | Real Estate News

Published 1 week, 1 day ago
Description

Luxury real estate is surging while regular homes cool off—wealthy buyers are snapping up entire blocks, private islands, and massive estates, with searches up 140%. International investors are flooding back, especially in California, targeting $10M+ properties to flip or rent for $25K–$100K/month. Real estate is becoming a top money-hoarding tool for the ultra-rich, driving record sales like a $110M Laguna Beach beachfront. The top 1-5% of buyers fuel 60% of growth; in Orange County, nearly half of $5M+ deals are cash-only. Move-in ready gems sell fast—like one that hit $1M over asking in days.

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