May 2007 recorded the highest home sales in the $2,000,000 and up range for a one-month period in San Francisco history, remarked Aldo Congi, Vice President and Manager of McGuire Downtown, this past Wednesday. With an unprecedented 36 single family home sales at a price of $2,000,000 or more, the month of May beat out the previous record of 29 homes set in the same price range in 2000.
The hot market for luxury real estate is expected to continue if inventory levels remain low and the Bay Area economy maintains its current course.
*statistical data provided by McGuire Real Estate via BrokerMetrics®.
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