Amid limited inventory of homes for sale in 2016, buyers in the greater Sacramento region sought out luxury abodes with particular gusto.
In a new report, Sacramento’s Lyon Real Estate said there were 580 closed transactions of luxury homes – those going for $900,000 or more – last year in Sacramento, Placer, El Dorado and Yolo counties.
That was an 18 percent increase over what was a record performance in 2015, according to data compiled by Sacramento-based Trendgraphix Inc.
Placer County led the four-county region with 235 luxury home sales last year, followed by Sacramento County (161), El Dorado County (99) and Yolo County (85).
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Pat Shea, president of Lyon, said “the current economic climate and our amazing luxury home values continue to inspire move-up buyers within our region and migration from the San Francisco Bay Area.”