"The bulk of the region's most expensive home sales so far this year are in Atherton, where famous residents like Golden State Warriors point guard Steph Curry and former Hewlett-Packard CEO and Republican gubernatorial candidate Meg Whitman have sought privacy behind tall hedges."
"The median price of a home in Atherton was just over $10 million in the first half of the year—a new record, according to statistics from Compass."
"Luxury sales in San Francisco, defined as homes over $5 million for single-family homes and over $3 million for condos, stayed on pace with the spring of 2024."
"Multimillion-dollar home sales are up this year, with sales of homes over $5 million in San Mateo County hitting their highest quarterly level since spring of 2022."
The Bay Area's overall housing market is experiencing a slowdown due to high interest rates and market volatility. However, the luxury segment, particularly in areas like Atherton, is thriving. Atherton has reported a median home price exceeding $10 million, setting a new record. Luxury home sales in neighborhoods such as Pacific Heights and Sea Cliff in San Francisco also reflect positive trends, with sales of multimillion-dollar properties increasing this year. San Mateo County has noted its highest quarterly sales for homes over $5 million since spring 2022.
Read at www.mercurynews.com
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