“In the San Francisco Bay Area, luxury homes continued the recent pattern of small quarterly gains. Increases have ranged between 0.3% and 1.8% over the past five quarters. Values have risen modestly for eight quarters.”
“Despite the slight increase from the second quarter, market conditions varied widely in the region. In San Francisco, prices and sales appear to be falling. “I see price reductions, and homes selling below the asking price,” said Naomi Glass of Coldwell Banker in San Francisco. “Few things are moving. People are hesitant because they see an uncertain market.”
Did we mention that we’ve been keeping an eye on the upper end of the market?
California Luxury Home Values Rise Modestly [First Republic Bank]
Prestige Home Index: San Francisco [First Republic Bank]
Keeping Our Eyes On The Upper End Of The Market [SocketSite]

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