San Francisco Luxury Home Sales, Prices Edge Higher, Coldwell Banker Residential Brokerage Reports
Summary
The figures were derived from Multiple Listing Service data of all homes sold in San Francisco for more than $2 million during the second quarter.“We’re seeing solid improvement in the luxury market in San Francisco, along with other high-end communities around the Bay,” said Rick Turley, president of Coldwell Banker Residential Brokerage.### San Francisco, CA, November 04, 2010 --( PR.com )-- Luxury home sales and the median sale price in San Francisco edged higher in the third quarter compared to a year ago, according to Coldwell Banker Residential Brokerage, the Bay Area’s leading luxury real estate services company.A total of 55 homes sold for more than $2 million during the quarter from July through September, up 5.8 percent from the same period a year ago.And 27 homes sold for $3 million and above, up sharply from 19 a year ago.The figures were derived from Multiple Listing Service data of all homes sold in San Francisco for more than $2 million during the second quarter.“We’re seeing solid improvement in the luxury market in San Francisco, along with other high-end communities around the Bay,” said Rick Turley, president of Coldwell Banker Residential Brokerage.It will be interesting to see if the rest of the market follows suit.”Some key findings from the third quarter Coldwell Banker Residential Brokerage luxury report:The most expensive sale in San Francisco was an five-bed, six-bath 7,615-square-foot Cow Hollow property that sold for $7,581,250;Zip code 94123 (The Marina and Cow Hollow) had the most multi-million-dollar sales with 12, followed by 94115 (Pacific Heights) and 94118 (Presidio Heights) with nine each, and 94109 (Nob Hill) and with six;It took an average of 70 days to sell a multi-million-dollar home in the city, up from 72 days the previous quarter but down from 85 days during the same period last year.The San Francisco Luxury Market Report is a quarterly report by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales.