<a href=”http://”>Looking back over the last 24 months gives surprising insight into the emerging trends for luxury properties in San Francisco. After the economic presentation mentioned in the previous posting, I wanted to do my own homework on the street “so to speak” to check it out. I came up with an emerging trend that seems to foretell exactly what Ms. Appleton-Young was referring to. The $1million+ inventory has already started its upward trend and price/square foot numbers are proving sticky yet trending down.

This seems to be a trend that has already hit other U.S. cities that aren’t as well poised economically as San Francisco. One city I just visited where the luxury market seems to have taken a big hit all year long is New Orleans. Eleanor Farnsworth of Prudential Gardner Properties in New Orleans is interviewed on the luxury home market there.

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