Today is Friday, January 11,2008 and I thought it would be interesting to see what kind of closing activity exists in the San Francisco Luxury Market.

Most define "luxury" here by price. So for the purposes of this report I am using closed escrow's over $2,500,000. For my friends in Virgina I know...that is steep but here you have to start somewhere.

I just ran a search in the local MLS that gave me a list of 16 properties that have closed since 12/1/2007. The price ranges from a low of $2,500,000 up to $16,000,000. And I must say some broker's have transactions that never hit the MLS so there may be more in reality.

Further analysis indicates that the single family homes had 13 of those sales. With a low of $2,538,000 to a high of $16,000,000 reflecting a mediam price of $3,500,000.

When I hear the media telling us that the real estate market is imploding I shutter and think, WOW!!

And just in case any of the uber wealthy are reading this blob entry, you can reach me at: kglidewell@pacunion.com or my website: www.SFLuxuryProperties.com .

Happy New Year!!