East Bay Luxury Home Sales Jump 35% in September, Coldwell Banker Residential Brokerage Reports

East Bay luxury home sales continued climbing in September, jumping 35 percent from a year ago, according to a new report by Coldwell Banker Residential Brokerage, the Bay Area’s leading provider of luxury real estate services.

The report is based on Multiple Listing Service data of all homes that sold for more than $1 million last month in Alameda and Contra Costa counties.

A total of 123 homes sold for more than $1 million in September, up from 91 properties in September 2011. Last month’s sales were off from the August total of 157, however a seasonal decline is not unusual.

The median sale price of a luxury home also soared last month to $1.3 million, up 21 percent from the median last September. The median price was down fractionally from August.

Another market indicator was also encouraging: There were nine multi-million-dollar sales last month compared to none a year ago.

“Luxury home sales in the East Bay remain very strong as we go through the fall selling season,” said Rick Turley, president of Coldwell Banker Residential Brokerage in the Bay Area. “We were encouraged by the number of transactions, in particular the robust sales in the high-end of the luxury market.”

Some key findings from this month’s Coldwell Banker Residential Brokerage luxury report:

  • The most expensive sale in the East Bay last month was a six-bedroom, seven-bath approximately 8,200-square-foot home in Piedmont that sold for $6.7 million;
  • Alamo and Orinda boasted the most luxury sales with 14 apiece, followed by Fremont and San Ramon with 12, and Pleasanton and Lafayette with 11 each;
  • Sellers on average received 99 percent of their asking price compared to 99.8 percent the previous month and 100 percent a year ago;
  • Homes sold in an average of 37.4 days on the market compared to 37 days a year ago and 41 days the previous month.

The East Bay Luxury Housing Market Report is a monthly report by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales. Through its internationally renowned Coldwell Banker Previews® program, Coldwell Banker is recognized around the world for its expertise in the luxury housing market.


Raised and educated in the Bay Area, I have an unique insights and perspective on the area. As a Mother I have first-hand knowledge of the local school systems, as well as recreational and business opportunities. My clients' satisfaction is my ultimate goal, and my genuine love of people makes a personal approach to service the key to fulfilling Real Estate dreams Whether buying or selling, I am committed to meeting my client's expectations. I understand that buying or selling a house can be a stressful time. With my expert knowledge of the real estate process, I am able to guide my clients and relieve some of the stress. I love what I do, and I am dedicated to providing professional service with honestly and integrity. My mission is not complete unless my clients are happy. Please contact me if there is anything I can do to help you.

Tagged with: , , , , , , , , , , , , , ,
Posted in Real Estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: