Luxury Homes

Luxury homes are prized for their high value, exclusivity, quality amenities, and large square footage, often over 4,000 square feet with prices starting at $3 million or more. The luxury real estate market ebbs and flows with the stock market, interest rates, and overall economy, as demand adjusts to changing financial circumstances. With lower inventory, luxury homes often stay on the market longer than standard homes, providing more time to negotiate deals. However, valuation can be tricky, and competition exists given limited supply. Luxury home sales typically peak in spring, dip in summer, rebound in fall, and slow in mid-November.

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Real Estate Statistics

Average Price $7.8M
Lowest Price $3M
Highest Price $40M
Total Listings 70
Avg. Price/SQFT $1.6K

Property Types (active listings)

Luxury Homes

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Luxury homes in the Bay Area can vary tremendously in price, even within the same city, town, or neighborhood. The size of the home and lot, location, acreage, architecture, condition, amenities, views, privacy, outdoor spaces, proximity to desirable features like vineyards, beaches, golf courses, good schools and shopping all impact price. For example, $5 million may buy a palatial multi-acre estate in one area but just a fixer on a small lot in another. Given the many variables, "luxury" prices start as low as $3 million in some Bay Area counties. With so many details that determine value, luxury homes in this market span a very wide price range.  Beachfront homes in Santa Cruz and Capitola, Luxury homes for sale on golf courses like Pasatiempo or Pebble Beach, luxury home buyers should be prepared to pay extra for properties with prime views like the Golden Gate bridge and the city skyline.

The infrastructure construction in Northern California, particularly near Silicon Valley, substantially impacts the region's real estate market. The federal and municipal governments have invested heavily in economic infrastructure to improve connectivity and accessibility, reduce traffic congestion, and expand travel options. For instance, structures with high-speed internet, green spaces, and recreational amenities will likely appeal to homebuyers and renters seeking an improved quality of life. Overall, continued transportation infrastructure spending in Northern California near Silicon Valley will likely boost connectivity, accessibility, and demand for housing near transportation hubs and well-connected routes. Consequently, these areas are expected to see higher demand and long-term property value growth.