Jobs driving boost for SF Bay Area's luxury property market

US: Last year was a bumper year for residential real estate in the San Francisco Bay Area in California, according to real estate reports. Industry insiders say that job growth in San Mateo, San Francisco and Marin counties combined with a limited inventory of homes for sale spurred on this exceptional growth during 2012 in the Bay Area.

Last year saw $117.5 million paid for a luxury mansion in Woodside, the most expensive US home ever, according to a report on the San Francisco Chronicle. In the nine-county Bay Area, 11,041 properties changed hands in 2012 with sales prices above $1 million, up 29 percent from 2011, according to real estate service DataQuick of San Diego. Pacific Union International said they have a “very positive outlook for Bay Area residential real estate in 2013.”

Brought to you by Butterfly Residential

The Global Luxury Property Review is a monthly article compiled by Butterfly Residential offering a snapshot of the sector. Butterfly Residential is a boutique, professional, high-end property company specialising in luxury property sales and rental in Marbella, London and Barbados . Butterfly Residential is headed by Edward Fairless and Nicola Fairless, a brother and sister team who are the new sensation in the global luxury property sector.

Address: Bulevar del Principe Alfonso Von Hohenlohe, C.C Tembo, Local 4B, 29602, Marbella, Málaga, Spain Email: Web: Tel: (+34) 951 106 908 Tel: (UK) 0208 1444 383 Skype: butterflyresidential

Butterfly Residential are market leaders in the luxury real estate sector with exclusive properties for sale and luxury properties for rent in some of the finest locations across the world.

Tag Cloud