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A View From Silicon Valley
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Luxury Outlook 2023
PHOTO: BERNARD ANDRÉ
espite interest rate hikes, demand for luxury homes continues as people spend more time at home than ever before. As the market has settled, so has the mindset of both sellers and buyers. Sellers hope to hold out for prices they saw during the pandemic housing boom and buyers are hoping for a deal. The fear buyers had during the pandemic of missing out has been replaced by a fear of paying too much. Overall, the landscape is shifting to a more balanced market. As you will see in this report, and from what I have seen in our local market, prime properties at the right price will still sell well. Luxury real estate is still considered a strong long term investment despite interest rates rising. Please enjoy reading this very thorough report on the global luxury market from my Sotheby’s International Realty colleagues. I think you will find a positive outlook on the future of our market.
Classic atherton colonial 137 Heather Drive Atherton, California 94027 $23,000,000 This custom colonial-style home built by Pacific Peninsula Group provides many options for elegant entertaining yet is comfortable enough for a relaxed bay area lifestyle. Perfect for multi- generational living with eight bedrooms and an elevator that services all three floors.
STEPHANIE VON THADEN {{user.title}} Lic.# 01950203 {{user.company}} 650.868.2902 | s.vonthaden@ggsir.com