“The OC has Million Dollar Homes”

Last year’s housing recovery was boon to luxury home sales, with 5,506 million-dollar-plus home sales recorded in Orange County, up 52 percent from the year before, DataQuick Information Systems reported Thursday.

That’s the highest number of $1 million deals since 2006.

Upper-crust sales ranged from $1 million for a 500-square-foot Balboa Peninsula house to $33 million for a 3,500-square-foot beachfront in north Laguna Beach.

The biggest house sold last year was a 15,002-square-foot residence in Irvine’s Shady Canyon, which sold in May for $8.5 million, figures from Redfin show. Source OC Register