San Francisco Luxury Home Market Update
The luxury home segment in San Francisco — typically defined as homes selling for over $1,500,000 — makes up about 11% of the overall home market in the city (by unit sales; much more by dollar volume). One of the most interesting dynamics playing out right now in the SF luxury home market is the large increase in high-tech industry buyers with huge sums of new money at their disposal.
Their presence is strongly impacting the market, especially in certain neighborhoods they’ve deemed most appealing. We expect this influx of new, wealthy buyers to continue throughout 2012 in the Bay Area. And, of course, as general economic conditions and confidence improves, we expect that this market segment will become increasingly active and competitive.
Read the full luxury market update here: http://www.paragon-re.com/San_Francisco_Luxury_Home_Market_Update