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Lena Griffin

Luxury homes in Hillsborough Ca and the downturn market

11-05-09
Lena Griffin

Luxury homes in Hillsborough Ca and the downturn market

Luxury homes

While the value of luxury homes seems to have held up better than the rest of housing market, prices are starting to show decline due to recession, job losses, and sinking stock portfolios. Loan restrictions, and difficulties with appraisals also had effect on sales of luxury homes.

Sales of less expensive houses on other side are accelerating as buyers and investors take advantage of bargain prices, low interest rates and first-time homes buyers tax credit.

luxury homes

The days on the market has really increased accross Bay Area on the high-end. The inventory of luxury homes grows accordingly, thought we had a good number of homes sold.

luxury homes

The number of under contract Hillsborough luxury homes in October 2009 by 45% higher than in October of 2007.

luxury homes

The median price of sold homes in Hillsborough ca is slowly declining.

luxury homes

luxury homes

If you're planning to buy a house in Hillsborough, the time may be right for you, and I will be happy to help.

Lena Griffin

www.LenaGriffin.com