Ms. San Francisco Real Estate (Janice Lee)

The housing market is supposed to slow down as we get deeper into the fall season and inch closer to the holidays, but something very unusual is happening here in the Bay Area. Not only is the market remaining active overall, there’s been a remarkable surge in luxury home buying – in particular, the mega-home sales. A quick look at closed sales at the end of October caught my attention. Our company alone closed an amazing 13 sales over more than $5 million in the Bay Area just in the last two weeks of October! The vast majority of these deals were in San Francisco, the Peninsula and Silicon Valley, although one was in Healdsburg. The homes went for as much as $11.1 million, the price paid for a Los Altos Hills property. In all, we saw the strongest October in sales volume since 2004 for the San Francisco Peninsula Region. And although I can’t share with you Coldwell Banker’s proprietary sales figures, I can tell you that this added up to a 56 percent gain from just last

La Jolla, CA.--The number of homes sold in the Bay Area increased on a year-over-year basis for the sixteenth month in a row in October while the median price paid rose for the sixth month, the result of a gradual rebalancing of the real estate market. Mortgage availability remains an issue, a real estate information service reported.  A total of 7,795 new and resale homes were sold in the nine-county Bay Area last month. That was up 13.8 percent from 6,850 in September, and up 21.0 percent from 6,444 for October 2011, according to San Diego-based DataQuick. 

Extraordinary 5 bedrooms 4 bathrooms home has undergone a complete transformation with quality & style. Light filled open living/dining area with new dark kitchen cabinetry, designer backsplash, counters, 36” SS stove & hood, refrigerator & dishwasher. High 9” ceilings, recessed lights, crown molding, hardwood floors, double pane windows, skylight, roof, siding, furnace, fences, water heater, plumbing & electrical. Masterfully designed on 3 levels, top floor consists of 3bd/2ba, slate deck w/ city views. One is a master suite with large walk-in closet. The main level has 2bd/2ba & in-unit W/D & access to 2nd deck. TOTO toilets, unique tile design & vanities in each bath. 2 rms/1 ba on lower level unwarranted. Blocks to Cortland shops and restaurants, 280 & 101. First Open House – Sunday, November 4th 2:00-4:00 p.m. Tuesday Open House – November 6th 2:00-3:30 p.m. MLS #402594 Offered at $849,000