La Jolla, CA (PRWEB) February 10, 2013
The Real Estate Marketing Insider named the winner of this week’s Luxury Market of the Week award following a news release in the SFGate. The award for the domestic market with the most potential for realtors went this week to San Francisco and its Bay Area.
Realtors and real estate leads experts report that the Bay Area saw a surge in sales of luxury properties in 2012. In addition to anecdotal reports from realtors that focus on luxury properties, SFGate reported on some inspiring numbers from the Bay Area’s luxury market. In 2012, 162 properties sold in the Bay Area for over $5 million. In the 9 counties of the Bay Area, over 11,000 $1 million-plus properties were sold. Among the reasons being cited for the boom are the recent successes of the tech industry in the area, as well as increased attention from foreign buyers.
California has always been a prime starting point for luxury property. All along its lengthy coastline, the Golden State offers pristine views, great tourism opportunities, and major urban areas within reach. Thanks to the tech industry and the Asian population in San Francisco, luxury buyers are starting to concentrate in the San Francisco area. Everything from beach front vacation rentals to Humboldt-area beach properties has attracted big money. Any realtor who lists a few luxury properties around the Bay Area should see them sell quickly, easily, and for a hefty price. Realtors looking to expand their luxury portfolios should take a closer look at REMI’s Luxury Market of the Week, before available listings in the area decrease.
The Real Estate Marketing Insider named the San Francisco Bay Area its Luxury Market of the Week. San Francisco enjoyed a huge push in the luxury market in 2012, with several $5 million-plus sales and over 11,000 million-dollar sales.
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The Real Estate Marketing Insider is a valuable resource for realtors, home buyers and investors. REMI provides up-to-the-minute news, market analysis, and trend watches.