What is a luxury home? Many describe a luxury home as one with a sales tag of $1,000,000 or more. In the Alamo, Danville or Blackhawk areas this would qualify about 60 percent of the homes as luxury homes.
- Alamo - Total Units Sold in 2013= 120 $1,000,000+ Units sold - 95 = 79% of all homes sold are over one million
- Blackhawk - Total Units Sold in 2013=61; $1,000,000+ Units sold - 46 = 77% of all homes sold over one million
- Danville - Total Units Sold in 2013=287; $1,000,000+ Units sold 103 = 36% of all homes sold over one million
I don't really have a definition for what constitutes a luxury home, because from where I come from million dollar homes were only for the rich.
Yesterday a home in Alamo came on the market at $42,000,000 - now that is definitely luxury (ah don't I wish it was my listing). Situated on 100 acres, beautiful gardens, guest houses(more than one), vineyard, garage(s) which would accommodate many cars - and it did, wine celler, library, media room, elevator, almost anything you can think of was in this home.
How do you define a luxury home?
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