Million Dollar Home Sales Jump 21%

The sales of California homes over $1 million jumped 21% in 2010 from 2009.  22,529 of these million dollar plus homes sold in 2010 and 29.4% were all cash purchases. This is still far below the 54,773 reported million dollar plus sales in 2005, but may be evidence that luxury home buyers are now returning to the market because the recent price drops have made luxury home purchases an attractive investment.