Is the market about to Spring?

Even in pandemic times, Spring has typically been a time for peaks in luxury home sales, which leads to spikes in median sales prices. As we spring into March, are we on the verge of another bump?

Bay Area Luxury Listings

You can learn a lot about a housing market by looking at the high end. In that respect, the Bay Area could be on the rise, as indicated by the top listing prices from Sebastopol to Santa Cruz.

Geek's Number Talk: Luxurious Market Indicators

In a constantly evolving market, data is king (or queen). Regardless of where your home falls on the price spectrum, one key performance indicator for the housing market is luxury sales, which reached historic highs in the spring. But just a few months later, numbers are down year-over-year:

Geek's Number Talk: Luxury Listings

In a rapidly changing market, more data is always useful. One strong market indicator in the Bay Area is luxury sales — properties over $3M — which hit historic highs in Spring 2022. However, pending sales have dipped year-over-year. Have a look at this graph for more numbers.

NorCal + Lake Tahoe Luxury Market Report

Remember the luxury homes we found on our road trip to Lake Tahoe last month? Well, now Compass it out with a detailed guide to the luxury home market in Northern California and Lake Tahoe as we continue to see the impacts of COVID-19. While there was a significant dip early on, the luxury market has rebounded to pre-pandemic levels. Read the full report to learn more!