Top 10: See the most expensive Orange County home sales of 2018

WTTCHMN

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Top 10: See the most expensive Orange County home sales of 2018

The longtime Orange County real estate executive and agent sees the new tax law beginning to have an impact on the luxury market, with lower caps on mortgage interest and other tax deductions. It?s also become harder for prospective Southern California buyers from China to get their money out of that country, he said. And he wonders if the whirl of building and remodeling could lead to a glut of luxury homes for sale in 2019.
https://www.ocregister.com/2019/01/...t-expensive-orange-county-home-sales-of-2018/
 
Article quotes some pretty strange theories on real estate sales....

"The longtime Orange County real estate executive and agent sees the new tax law beginning to have an impact on the luxury market, with lower caps on mortgage interest and other tax deductions".

Ooof.... neither of these issues impact those in the $4-400M price range - the luxury market.

It?s also become harder for prospective Southern California buyers from China to get their money out of that country, he said.

Also not impacting the higher price ranges, perhaps 2-3m market, but still. Neither Newport Coast, Corona Del Mar or Laguna Beach are seeing lots of FCB activity.

And he wonders if the whirl of building and remodeling could lead to a glut of luxury homes for sale in 2019.

Perhaps with new construction ("building") but flippers ("remodeling") are already out of the market give the percentage of high dollar flips that are on the market right now.

Nice photos though....

 
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