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No Downturn in Luxury Market

Check out this interesting article from ‘The Bay Citizen’ regarding the luxury real estate market in the Bay Area.

It essentially states what I have found to be true in my business during the economic downturn in our country. There is still a great deal of wealth in the Bay Area from the tech sector, as well as an influx of foreign investors looking to capitalize on ‘good deals’. These factors continue to keep home prices steady and keep inventory relatively low, so that in San Mateo and Santa Clara Counties we have not seen the kind of dismal market conditions present in so many other areas of the U.S.

 

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Listing information is deemed reliable, but not guaranteed. Listings last updated 5/23/13 8:58 AM PDT.

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