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RISMEDIA, May 2, 2007-First quarter sales of high-end and luxury-priced homes in seven Northern California counties served by Alain Pinel Realtors varied from county-to-county yet overall stayed steady compared with the first quarter of 2006.

For the seven counties combined – San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, Santa Cruz and Monterey, 172 homes sold at $2.5 million or greater in the recent quarter ending March 31, compared with 169 luxury-class homes sold in the same quarter a year earlier.

The information on high-end and luxury-classed real estate sales trends is based on public records researched from the leading multiple listing services in region (SFMLS, REINFO and MAXEBRD). The quarterly data is compiled specifically for Alain Pinel Realtors by TrendGraphix Inc., a real estate information services provider based in Sacramento.

Inventory of homes offered for sale at $1.5 million or greater climbed 6% in the seven counties, with 953 listed for sale at the end of the first quarter this year compared with 899 homes on the market at $1.5 million or greater a year ago. The median asking price was comparable yet slipped a little in the 12 months, from $1.856 million at the end of the first quarter 2006 to $1.850 million in the recently ended quarter.

Alameda County experienced the biggest spikes in sales of luxury homes as well as inventory in the high-end market. More than twice as many homes sold at $2.5 million or greater in the first quarter 2007 than the first quarter 2006 – 15 compared with seven a year ago, or a 114% gain. Meanwhile, inventory of homes priced greater than $1.5 million increased 61.90%, rising from 84 on the market a year ago to 136 as of March 31 this year.

During the first quarter 2007, Alain Pinel Realtors' sales professionals participated in 169 homes sold and priced between $1.5 million and $2.499 million, 65 homes sold and priced from $2.5 million to $4.99 million and 13 homes sold and priced above $5 million.

First Quarter 2007 Sales Trends Alain Pinel's DH&E Report
Seven Northern California Counties

Santa Clara County

Fewer Santa Clara homes sold for more than $2.5 million during the quarter (49 versus 55, or a decrease of 10.91%) than the first quarter of 2006. The highest priced home in the county sold in the period was in Palo Alto, for $19.5 million. Inventory of homes priced greater than $1.5 million decreased 12.98%, falling from 339 on the market a year ago to 295 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $199,437,092
Units Sold: 49
Highest Price: $19.5 (Palo Alto)
Period 1Q 2006
Total Sold: $174,531,700
Units Sold: 55

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 295
Listed Median: $1,899,000
Units Sold: 233
Period 1Q 2006
Listed: 339
Listed Median: $1,895,000
Units Sold: 191

San Mateo County

The same number of San Mateo County homes sold for more than $2.5 million during the quarter (44) than the first quarter of 2006. The highest priced home in the county sold in the period was in Woodside, for $8.65 million. Inventory of homes priced greater than $1.5 million increased 10.28%, rising from 107 on the market a year ago to 118 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $164,290,666
Units Sold: 44
Highest Price: $8,650,000 (Woodside)
Period 1Q 2006
Total Sold: $162,909,260
Units Sold: 44

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 118
Listed Median: $1,895,000
Units Sold: 103
Period 1Q 2006
Listed: 107
Listed Median: $1,995,000
Units Sold: 94

Alameda County

More Alameda homes sold for more than $2.5 million during the quarter (15 versus seven or an increase of 114.28%) than the first quarter of 2006. The highest priced home in the county sold in the period was in Oakland, for $3.735 million. Inventory of homes priced greater than $1.5 million increased 61.90%, rising from 84 on the market a year ago to 136 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $42,977,000
Units Sold: 15
Highest Price: $ 3,735,000 (Oakland)
Period 1Q 2006
Total Sold: $22,715,530
Units Sold: 7

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 136
Listed Median: $1,849,000
Units Sold: 47
Period 1Q 2006
Listed: 84
Listed Median: $1,875
Units Sold: 63

Contra Costa County

More Contra Costa homes sold for more than $2.5 million during the quarter (12 versus eight, or an increase of 50%) than the first quarter of 2006. The highest priced home in the county sold in the period was in Alamo, for $3.925 million. Inventory of homes priced greater than $1.5 million increased 15.63%, rising from 128 on the market a year ago to 148 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $34,916,500
Units Sold: 12
Highest Price: $3,925,000 (Alamo)
Period 1Q 2006
Total Sold: $23,380,000
Units Sold: 8

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 148
Listed Median: $1,800,000
Units Sold: 62
Period 1Q 2006
Listed: 128
Listed Median: $1,795,000
Units Sold: 67

San Francisco County

The number of San Francisco homes sold for more than $2.5 million during the quarter (26) was the same as the first quarter of 2006. The highest priced home in the city and county sold in the period was for $9.5 million. Inventory of homes priced greater than $1.5 million increased by a single home, rising from 27 on the market a year ago to 28 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $107,769,000
Units Sold: 26
Highest Price: $9.5
Period 1Q 2006
Total Sold: $122,610,000
Units Sold: 26

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 28
Listed Median: $1,872,500
Units Sold: 43
Period 1Q 2006
Listed: 27
Listed Median: $1,745,000
Units Sold: 51

Santa Cruz County

Fewer Santa Cruz County homes sold for more than $2.5 million during the quarter (three versus six, or a decline of 50%) than the first quarter of 2006. The highest priced home in the county sold in the period was in Santa Cruz, for $6.2 million. Inventory of homes priced greater than $1.5 million decreased 16.42%, falling from 67 on the market a year ago to 56 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $13,850,000
Units Sold: 3
Highest Price: $6.2m (Santa Cruz)
Period 1Q 2006
Total Sold: $17,390,808
Units Sold: 6

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 56
Listed Median: $1,837,000
Units Sold: 9
Period 1Q 2006
Listed: 67
Listed Median: $1,795,000
Units Sold: 13

Monterey County

The number of Monterey County homes sold for more than $2.5 million during the quarter (23) was the same as the first quarter of 2006. The highest priced home in the county sold in the period was in Pebble Beach, for $15.896 million. Inventory of homes priced greater than $1.5 million increased 16.13%, rising from 147 on the market a year ago to 172 as of March 31 this year.

DH&E base rate $2.5 million +
Period 1Q 2007
Total Sold: $108,267,750
Units Sold: 23
Highest Price: $15,896,350 (Pebble Beach)
Period 1Q 2006
Total Sold: $110,227,850
Units Sold: 23

INVENTORY/Unit Sales
DH&E base rate $1.5 million +
Period 1Q 2007
Listed: 172
Listed Median: $1,795,000
Units Sold: 36
Period 1Q 2006
Listed: 147
Listed Median: $1,895,000
Units Sold: 31

For more information, visit www.apr.com or call 408-741-1111.

192.168.100.57