7 Silicon Valley communities among top sellers in 2013 Calif. luxury market

Here’s a recap of a February 2014 report in the San Jose Mercury News that examined trends in California luxury home sales in 2013.

Seven communities within Silicon Valley were among the state’s leaders in sales of homes for $1 million and above.  The statistics below, showing the community and the number of homes sold, were compiled by DataQuick of San Diego.

• Hillsborough: 436
• Saratoga: 332
• Menlo Park: 321
• Cupertino: 317
• Los Altos: 267
• Woodside: 273
• Los Gatos: 243 

One home in Los Altos topped the dollar amount for all homes sold in these communities at $14.3 million.  Next was Hillsborough, with a $13.3 million sale, followed by Saratoga, where a home was sold for $12.3 million.

Here are some numbers covering the 2013 California luxury home market as a whole: 

840 – homes sold at more than $5 million

596 – homes sold between $4 million and $5 million

$74.5 million – amount paid for the most expensive home in California, a 15,000-square-foot Malibu mansion

10,602 – homes in the $1 million-plus bracket purchased with cash

270,591 – Current number of California homes and condominiums assessed for at least $1 million

Hadar Guibara

Silicon Valley Real Estate