Bay Area Luxury Home Sales Reach Record Highs

$2 MILLION-PLUS HOME SALES SOAR IN BAY AREA

High-end homes throughout the Bay Area sold at a record pace in 2013, according to a recent article in the San Jose MercuryNews.

Citing figures from research firm DataQuick, the publication reports that 2,604 homes priced above $2 million sold in the Bay Area last year, a 28 percent jump from 2012 and the largest number since the vendor began keeping records.

Some of these luxury homes are bound to induce a bit of sticker shock. Atherton had the largest Bay Area sale of the year, with one home selling for almost $37 million. A $35 million transaction took place in San Francisco, while the costliest in Palo Alto was $15 million.

Million-dollar-plus home sales were also up across the Bay Area as a whole, growing nearly 41 percent since 2012. Alameda and Contra Costa counties saw the largest increases at this price point: 70 and 63 percent respectively.

Article courtesy of PacificUnion.com

Saraya and Simon Motley
Pacific Union and Christie’s International Real Estate
Serving Alameda & Contra Costa Counties
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