If You’ve Got $3 Million to Spend…

… then the Bay Area is definitely the place to be as home sales of properties over $3 million doubled in February over February 2017. Analysts cited the usual reasons – continued job growth and low inventory in the region – but also suggested that the stock market’s recent volatility might have enticed some investors to sink their money in Bay Area real estate.

Conversely, sales of homes valued at under $1 million declined drastically: 8 percent in Contra Costa County; 16 percent in Alameda County; 34 percent in Santa Clara County and a whopping 47 percent in San Mateo County from February 2017 to February 2018.

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