Here in the Sacramento Region we pride ourselves on the affordability of our homes. This is the one area in California where you can have a fairly high quality of life and still buy homes that will cash flow as a viable investment property.
However it is also home to some incredible luxury homes that are starting to gain a lot of interest from those in the know , who pay close attention to fringe markets , looking for larger opportunities both to make money and to secure a better lifestyle.
The number of Million Dollar and above homes that have closed so far this year vastly exceeds that of even just a year ago. It is common knowledge that the tight inventory and high demand has helped propel the low end of the local housing market higher , but what is not being talked about is the amazing rise in closed homes on the high end.
YTD the number of closed properties over $1,000,000 is up 52.3 % and 16% of those fall into a class by themselves.
This increased demand is pulling many dream properties to the market such as these;
6275 Laguna Ct, Granite Bay, CA 95746 , a $2 Million estate that features over 11,000 SQFT of Gorgeous listed by Nick Sadek. http://www.nrsluxuryestates.com
7724 Lakeshore Dr, Granite Bay, CA 95746 , at just under 2 Million a beach front property on Folsom Lake , listed by Barry Mathis. http://www.folsomlakeliving.com
4838 Moreau Ct, El Dorado Hills, CA 95762 , a 2.7 Million French Villa in Serrano Country Club , Listed by Patricia Seide. http://www.pat-seide.com/
3120 Hopkins Pl, El Dorado Hills, CA 95762 , close to 3 Million will get you a modern design mansion on a hilltop, Listed by Terri Chapman. www.folsomlakerealty.com
These recent arrivals to the open market are all different in many ways but share a desire to take advantage of the resurgence of sophisticated buyers from out of the local area that are moving in force to lock in some incredible choices that simply where not available in the recent past.
Stay tuned for our upcoming series on how these top properties and their specialized agents reach the 1 % 'ers of the world to make sales happen at high altitude.