Real Estate News

Sacramento region’s luxury housing market surges in second quarter

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.

Mark Glover: 916-321-1184, @markhglover