Business & Real Estate

Report: Luxury home sales in Sacramento region up from 2013

Luxury home sales in the Sacramento area were up 18.4 percent in last year’s fourth quarter, compared with the final quarter of 2013, according to the regional office of Coldwell Banker residential brokerage.

Coldwell said there were 161 home sales in the fourth quarter of more than $750,000 in the region comprising Sacramento, El Dorado and Placer counties.

That’s up from 136 transactions in the same period of 2013. Last year’s fourth-quarter sales were down from 219 in the third quarter, but Coldwell attributed that to an expected seasonal decline.

Figures are based on Multiple Listing Service data of all homes in the three-county region.

The median sale price of a luxury property in the fourth quarter was $869,500, down 5.5 percent from $920,000 the year-ago period in 2013.

Forty-six home sales topped $1 million in the fourth quarter of 2014, down slightly from 50 in the same quarter of 2013.

Call The Bee’s Mark Glover, (916) 321-1184.