Real Estate News

Report: Pending sales of Sacramento’s luxury homes on the rise

Luxury homes sales this quarter posted 118 new open escrows, or pending sales, which Lyon Real Estate on Thursday called the strongest quarterly showing in the high-end segment since September 2007.

Lyon’s report on the region’s upscale homes – those priced at $900,000 or more – was based on information provided by Sacramento-based real estate tracking firm Trendgraphix Inc.

“All four counties are very busy in the luxury space,” Pat Shea, president of Lyon, said in a statement.

The Lyon report said 44 percent of the new escrows were opened in Placer County while Sacramento accounted for 25 percent. Eighteen percent of pending luxury sales were in El Dorado County and 13 percent in Yolo County.

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