The Los Angeles prime markets delivered record-breaking results in 2014. Limited inventory and increased demand across all of LA’s Prime markets continue to drive transaction flow in the SFR and condo asset classes, and Southern California is now drawing unprecedented global interest from international buyers. In the first half of 2014, the market was dominated by a large number of all cash transactions, and we see Los Angeles truly becoming a major international hub. For us at The Agency, global is the new local.