East Bay Luxury Home Sales Down in July, Coldwell Banker Residential Brokerage Reports
Summary
Coldwell Banker Residential Brokerage has 10 East Bay offices serving Berkeley, Castro Valley, Danville, Fremont, Livermore, Oakland, Piedmont, Orinda, Pleasanton, and Walnut Creek.Through its internationally renowned Coldwell Banker Previews® program, the company leads the luxury home market in Northern California, representing more than 22% of all dollar volume sold of properties over $1 million.### San Ramon, CA, August 27, 2011 --( PR.com )-- After a strong performance in June, the luxury housing market in the East Bay took a breather in July with sales down from the previous month and year-ago levels, according to a new market report by Coldwell Banker Residential Brokerage, the region’s leading provider of luxury real estate services.A total of 128 homes sold for more than $1 million in Alameda and Contra Costa Counties last month compared with 159 transactions in June and 160 in July 2010.And sellers received 97 percent of their asking price on average compared to 97.7 percent in July 2010.The figures were derived from Multiple Listing Service data of all homes sold in Alameda and Contra Costa Counties for more than $1 million last month.“Like the overall market, the luxury segment of the East Bay housing market took a step back in July after a robust June,” said Rick Turley, president of Coldwell Banker Residential Brokerage.Through its internationally renowned Coldwell Banker Previews® program, the company leads the luxury home market in Northern California, representing more than 22% of all dollar volume sold of properties over $1 million.