Sat04302016

Business & Real Estate

Sales of luxury homes in valley rise in February

Luxury home sales in Silicon Valley rose sharply in February from the previous month, though sales were off on a year-over-year basis, according to a new report from Coldwell Banker Residential Brokerage.

The figures are based on Multiple Listing Service data of all homes sold in February for more than $2 million in Santa Clara County.

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Transactions

Los Altos

272 Covington Road, Field Trust to Wang Trust for $4,950,000

1520 Todd Street, Lopez Trust to J. Yiin for $1,910,000

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Transactions

Los Altos/ Los Altos Hills

25800 Altamont Road, Fouesneau Trust to S. Goldberg for $3,400,000

1249 Heritage Court, McCanna Trust to G. Kwan for $2,520,000

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Recent Coldwell Banker report: Luxury home sales decrease

Silicon Valley’s luxury housing market began 2016 with slightly lower home sales in January compared to a year ago, according to a report from Coldwell Banker Residential Brokerage.

Coldwell Banker’s monthly Silicon Valley Luxury Housing Market Report compiles and assesses data from Multiple Listing Service. Beginning this year, Coldwell Banker raised the threshold for luxury properties in its monthly analysis from $1.5 million to $2 million to reflect the changing dynamics of Silicon Valley’s high-end market.

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Transactions

Los Altos

1346 Arbor Avenue, Arbor Property Trust to Arbor Avenue Limited for $1,550,000

174 Lyell Street, I. Glazebrook to S. Anwar for $2,550,000

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Transactions

Los Altos/ Los Altos Hills

12101 Edgecliff Place, Oshana Trust to Sikka Trust for $3,100,000

1321 Harwalt Drive, Wienberg Trust to Acharya Trust for $2,300,000

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Cybercriminals target transactions

Small real estate businesses, agents and their clients are increasingly becoming targets of cyber scammers.

Darity Wesley, founder of the Lotus Law Center, said hackers are seeking personal identifiable information, such as credit card or bank account information, login credentials, employment details, a physical address, an email address, a phone number or a Social Security number.

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