Due to differing property values, as a very general rule of thumb we define the luxury home segment as properties listed or selling for $3 million+ in San Francisco, Marin, San Mateo & Santa Clara Counties, and for $2 million+ in other Bay Area Counties (and for SF luxury condos and co-ops).
Due to differing property values, as a general rule of thumb we define the luxury home segment as properties listed or selling for $3 million+ in San Francisco, Marin, San Mateo & Santa Clara Counties, and for $2 million+ in Lake Tahoe and other Bay Area Counties. Many of these charts illustrate the seasonality of the luxury home market, however the pandemic to a large degree upended “normal” seasonal trends of supply and demand in 2020.
Data covers sales listings sourced from MLSs and internal Compass listings. Includes single family, townhome, condo, co-op, and condop listings.
Pandemic, shelter in place, unemployment soars, terrible financial hardships for many residents and small businesses, new ways of working, office buildings empty, people move, vacancy rates climb, rents plunge, sales drop, rigorous limits on evictions, new landlord-tenant laws, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, IPO mania breaks out again, and sales begin to pick back up in Q4. A year of extremes and a challenging year for the 2-4 unit residential building market.
Michelle has substantial experience assisting clients in preparing their properties for sale. Michelle’s hands-on approach and exceptional neighborhood expertise have earned her a loyal clientele built slowly upon referrals and repeat business.