Luxury home sales across the Bay Area have picked up speed, a trend I’m seeing firsthand in Santa Clara, San Benito, and San Mateo counties. Affluent AI professionals are leading much of this activity, undeterred by higher mortgage rates or rising prices. Many of these buyers are securing multimillion-dollar properties with cash or substantial down payments from investments, so rate fluctuations have less impact on their decisions. This shift highlights a clear divide—those with significant financial resources are moving quickly, while others find it harder to compete. Anticipation of new wealth from AI public offerings is adding urgency, with some clients deciding to act now to stay ahead of future competition. I recently saw a buyer who, after searching for a year, secured a five-bedroom home in Orinda—proof that the pace is accelerating, and decisive action can make a real difference. As always, I’m committed to providing clear, accessible guidance for all buyers and sellers, helping you understand these changing dynamics so you can approach your real estate journey with confidence.
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