December ended with a bang in the real estate industry this past year. In fact, most end-of-the-year reports show that December 2012 holds the record for the highest number of home sales for the past three years! With sales and prices on the rise, it seems that 2013 is off to a good start for Southern California real estate. Let’s take a look at the latest headlines from around the region:

An oceanfront Malibu home reportedly sells for $75 million—“kicking off the new year in record-breaking style,” says Forbes.

It’s getting hot here in Southern California–sales of homes homes costing $1 million or more in Orange County and all of California hit their highest level in five years, reports DataQuick.

In San Diego, it’s no longer a question of when to buy—but what to buy, since home prices are the highest they have been in 4.5 years, reports San Diego Union Tribune. 

Are you still doubting the recovery of the real estate market? Ventura County Star shows that foreclosure numbers are down to pre-recession levels. 

Can’t keep up with the O.C.?  Now the Orange County Register says the real estate problem is a lack of housing inventory. 

In Coachella Valley, interest rates are the lowest they have been in years.