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Miracle Mile Sales Up for 2010

By
Real Estate Agent with The Carrabba Group/Keller Williams BRE# 01708376

So you think the market is down in Los Angeles' Miracle Mile? The stats are in and things are looking up. 

In July 2009, the volume (total amount of sales) was $14,836,240 per the CLAWMLS. 

For the same period in July 2010 the volume was $15,339,000.

Up, not by much but still up. People continue to love the Miracle Mile! Further the average sales price for July 2009 was $812,000 in July 2010 it was $971,000. 

With The Grove and all the great retail in Los Angeles around the Miracle Mile it's not a surprise even though prices have declined in other areas they remain strong and show signs of improving in LA's Miracle Mile

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