Jay Paul CompanyThe Silicon Valley luxury home market saw a gain in total sales in July year-over-year, according to a new report by Coldwell Banker Residential Brokerage, a top Bay Area real estate services companies. The median price for luxury properties sold in July rose to $1,450,000 from $1,380,000 in July of 2016, a gain of five percent. “Once again luxury home sales are up, proving that even as prices rise, buyers are still snatching up homes at record rates. The Silicon Valley luxury housing market isn’t showing any signs of a slowdown,” said Mike James, president of Coldwell Banker Residential Brokerage San Francisco Bay Area. Of the luxury home sales in July, 50 were of homes priced $3 million and higher, compared to 33 sales in the prior year.

Source: Forbes August 14, 2017 22:07 UTC