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San Francisco "Luxury" Real Estate Market Report

It’s funny, for the sake of talking market dynamics and data, we often refer to anything over $1,000,000 as “Luxury Home Sales”…at least most of the nation does, and so we’re kinda forced to as well. Even though we’re sharing these charts with you, and we’re clearly calling this a Luxury Market update, we’re starting to wonder at which point the über competitive price range of $1-2M stops becoming “Luxury”. I mean, really! A million bucks is still A LOT of money, isn’t it? So then, is a 1000 square foot condo that sells for $1,000,000 (Austin Powers voice), and doesn’t come with parking, a view, linen service, or a pool…luxury? (Yes, said condos already exist here.) Something to ponder on this Monday morning. Either way, have a look:

LuxHomes_Unit_Sales_by_QuarterV2

LuxHome_House-Sales_1500-1999_by-DistrictV2

LuxHome_House-Sales_2000-4999_by_DistrictV2

LuxHome_House-Sales_5m_by_DistrictV2

LuxHome_Condo-Sales_1500-Above_by_DistrictV2


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alexclark

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