January 31, 2014
Bay Area Million Dollar Homes Sales Jump, East Bay Jumps The Most
The number of California homes that sold for a million dollars or more rose to 39,175 last year, the highest level since 2007 when the number totaled 42,505, but 28 percent fewer than the all-time high of 54,773 in 2005. A quarter of the sales were all-cash transactions.
In the Bay Area, home sales over the million dollar mark were up 40.6 percent from the year before and the most since 2007, up 29 percent in Santa Clara to 4,806; up 34 percent in San Francisco to 2,483; up 39 percent in San Mateo to 2,815; up 63 percent in Contra Costa to 9,130; and up 70 percent in Alameda to 1,721.
The number of Bay Area homes which traded for over two million dollars totaled 2,604 in 2013, up 28 percent from 2012 and an all-time high.
First Published: January 31, 2014 10:00 AM