Analysts confirm that the Luxury Real Estate Market is still defying the downward price trend that is affecting many Bay Area neighborhoods.
The average value of high-end properties in the San Francisco Bay Area in the July-September Quarter was $3.08 million; according to San Francisco based First Republic Bank. It was the second consecutive period that average values in the area exceeded $3 million said the report....
We're still seeing good demand in the wine country of Sonoma County for high end properties. The demand is strong for turn-key vineyard estates with good water, good vines, and strong contracts for the grapes. My fellow agent, Dave Hadden in our Healdsburg Sotheby's International Realty office has a couple of vineyard properties near Healdsburg coming onto the market in the next few days in the $2-3 million range. I expect savvy buyers looking for wine country weekend places to show the most interest.
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great news. i have fanily in san fran and they will be happy to hear that. lets hope the luxury market stays as robust in the norteast.