I recently attended the Luxury Marketing Council of San Francisco’s event hosted by Gaul Searson showroom in the Design Center. There the Harrison Group presented their Annual Survey of Affluence and Wealth in America and summarized highlights from their recently published book, The New Elite…Inside the Minds of the Truly Wealthy.
It was an extremely informative presentation which I captured some of for your viewing. I hope you enjoy it.
Here are the end-of-year statistics for San Francisco luxury real estate of $1 million+ single family homes county wide. Since we started the year with only 16 sales in January, things steadily improved with a high in June and the months of May, June, July and November the best all year. By December we see inventory dramatically fall. Watch out! Those unsold properties were pulled for the holidays and will be coming back on the market within the next two months plus anything else waiting on the sidelines. All in all, I believe we’ll have a steadily improving picture for the City in 2010. The statistics by the end of February should recapture any inventory pulled for the holidays and then we’ll have a more accurate accounting of how ‘09 finished up. I’ll post those when they’re available.
In other news, we’ve gone back to our designer for further development on the new logo. I expect it will be great with our process so far. By the way, you may want to check out our friends over at DesignAboutTown by viewing their website and the awards they’ve won.
I’m headed out to the Inman Conference in New York City tomorrow. I’ll keep you posted.
Lance
