Sales of houses that cost at least $1 million were up 45.1 percent in California last year—to the highest rate since 2007. "It's a herd mentality," a Westside real estate agent says. "When people start paying more for houses, other people don't mind paying more." ("People" meaning foreign billionaires, celebs who collect houses, and other people who have at least $1 million to drop.) The article mentions the biggest house sale of the year, $74.5 million for nine and a half beachfront acres in Malibu, and here are the 19 runners-up for you here. [LAT]
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