The greater Sacramento region’s luxury home market surged in this year’s second quarter.
There were 177 closed luxury home sales in the region in the April-to-June period, a 74 percent increase over the first quarter and up 5 percent from a strong second quarter in 2015, according to Lyon Real Estate.
Lyon’s report, tracking homes priced at $900,000 or more, was based on data from the Sacramento-based real estate tracking firm TrendGraphix Inc.
The average price of a closed luxury home was $1,219,000 in the second quarter.
Sign Up and Save
Get six months of free digital access to The Sacramento Bee