Luxury Home Real Estate Prices Remain Strong in the San Francisco Bay Area

Luxury Home Real Estate Prices Remain Strong in the San Francisco Bay Area

Luxury Home

Analysts confirm that the Luxury Real Estate Market is still defying the downward price trend that is affecting many Bay Area neighborhoods.

 

The average value of high-end properties in the San Francisco Bay Area in the July-September Quarter was $3.08 million; according to San Francisco based First Republic Bank. It was the second consecutive period that average values in the area exceeded $3 million said the report.

 

The Bay Area index covers Alamo, Atherton, Danville, Lafayette, Moraga, Orinda, San Francisco, Piedmont, and San Ramon to name a few.

 

The fallout of the first time homebuyer financing is not felt in this demographic. Attraction to the exclusivity of properties that are unique will go unchanged. To the Luxury Home Buyer this is as good of time to buy Luxury Real Estate as any. Interest rates continue to be attractive and the FED is poised to cut another quarter point on December 11th; however, I feel they will cut a half point. The term GREEN Mortgage Advisor may take on a whole new meaning when the CEO of Google decides he would like to work with the Next Generation of Mortgage Professionals; a like minded individual on the cutting edge of technology and social responsibility.

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