$1M Home Sales in Saratoga, Los Altos, Cupertino Lead Nation

Santa Clara County is tops in nation with cities taking spots 1, 3 and 4.

When it comes to million-dollar home sales, Silicon Valley and the Peninsula lead the nation's list, CNBC reports, looking at RealtyTrac.com figures. 

Saratoga is No. 1, Burlingame No. 2, followed by Cupertino and Los Altos in data drawn from the Irvine-based real estate information company known for its online foreclosure marketplace. 

CNBC reporter Robert Frank wrote that sales of $1 million-plus have more than doubled in many communities in the Valley, "toppling longtime luxury real-estate leaders like Beverly Hills or Miami."

It's not a surprise to the Valley's realtors, of course. In many well-heeled Silicon Valley communities, $1 million is the starting price for a single-family home. In July, the Silicon Valley/San Jose Business Journal reported luxury home sales doubled—the most expensive home sold in Santa Clara County was an 8,280-square-foot home in Los Altos Hills for $14.8 million, (which, probably not coincidentally, was the list price of the home owned by ).

Local realtor Bryan Robertson, writing in his Los Altos Real Estate blog, noted that it's not surprising Los Altos sold 170 over-$1 million homes, and that inventory in desireable north Los Altos was extremely low. While sales are very strong, he said, Los Altos is unlikely to top Saratoga, which has seen a lot of volume. Los Altos has fewer sellers from month to month, Robertson noted.  

Mason Mccarty August 30, 2012 at 04:00 PM
Too bad we can't treat it like ticket sales and sneak into some houses haha. They charge $10 a movie I'm gonna sneak in to a couple :P
Bob M August 30, 2012 at 04:54 PM
@Mason, they have a term for that, it is called "Breaking and Entering". =)
Mason Mccarty August 30, 2012 at 05:00 PM
Yeah that's kind of a major deterrent isn't it haha.
Grace Keng September 04, 2012 at 02:49 AM
Saratoga is #1 Million Dolloars homes sold in July 2012 or for the whole year? I thought Los Altos or Los Altos Hill will have more Million+ homes sold I guessed there are more activities in Saratoga.
TaterSalad September 04, 2012 at 02:56 PM
Looks like Harry Reid is telling the Unions to go pound some sand these days! BREAKING NEWS! The son of Senator Harry Reid has now been exposed by representing a Chinese Solar panel plant in a $5 Billion Nevada deal. So much the "outsourcing theme" that Barack Obama and the DNC will use in their campaign. http://www.breitbart.com/Big-Government/2012/09/04/Harry-Reid-s-Son-Representing-Chinese-Solar-Panel-Plant-In-5-Billion-Nevada-Deal


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