San Francisco Annual Sales - $5,000,000+ Number of Luxury Home Sales by Year, since 2005*
199
Sales: $5 Million+
Sales: $10 Million+
200
Sales of higher-price homes are affected by buyer demand, the number of listings available to purchase, and appreciation trends – all of which are impacted by economic and demographic conditions. As appreciation occurs over time, homes that would have sold for under $5 million, then sell for over that price threshold (and vice versa if prices fall). 2025 home sales of $5 million+ rose approximately 23% from 2024. Luxury sales accelerated in the fall selling season due to the AI startup boom.
175
AI boom
150
142
120
125
114
Pandemic market
100
90
84
79 78 80
75
71
75
Interest rates soar
62 62
47
50
37
Great recession
33
Market recovery and high-tech boom
28
27
26
24
28
27
25
14
16
16 15 18
14
13 11
11
10
9
8
7
7
6
5
3 3
3
2
0
*All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks, plus known off-MLS sales. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate, with last year’s total estimated based on available data in early January and may change due to late-reported sales. Not all luxury home sales are reported to MLS.
Made with FlippingBook Ebook Creator