Jonathan J Miller, Columnist

The $10 Million Home, Never Hotter

As the rest of the housing market takes a breather, homes at the very top are in greater demand than ever.

November 26, 2014 at 2:01 PM UTC

Jonathan Miller writes about the housing economy and other aspects of real estate. He began a real estate blog, the Matrix, in 2005, and has written a column for Curbed.com. He is co-founder of Miller Samuel, a residential real estate appraisal company, and the commercial valuation firm Miller Cicero.

When a castle is a home.
Photographer: Spencer Platt/Getty Images

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As the U.S. housing market cools from last year’s overheated state, sales of homes at the top haven't been following the same script. Prices and sales at the upper reaches are soaring.

Sales of homes in Southern California costing $2 million and more are at record levels. Sales of homes costing more than $10 million in Los Angeles are up almost 400 percent since 2007. In Miami, luxury home sales are roughly double 2007 totals.