May's high-end home sales rose over April - Silicon Valley / San Jose Business Journal:

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Coldwell Banker Residential Brokerage reported that almosty 150 luxury properties soldin May, up from 100 in Aprill but down from the 300 that sold in May 2008. The media sale price rose to $1.41 up almost 9 percent from April’s median pric e of $1.3 million. Compared to 2008, however, prices remained Rick Turley, president of Coldwell Banker Residential Brokerage, said in a presds release that the lower end of themarkert “continues to be the hottest segmenr in the South Bay,” but higher-pricedc homes are beginning to see improvements. “Salee continue to tick highedr and homes are selling fastet than they have in nearly a Turley said.
“We still have a ways to go beford the market returns to but we’re making Among the highlights in Coldwell Banker’s luxury report were that the two highestf sales were a $4 million home in Monte Serenol and another selling for the same price in Los Palo Alto had the lion’s share of the luxury end marke with 38 sales; Los Altos had 28 and San Jose reportedr 20. Coldwell Banker also reported that luxury homea sold for 93 percent of their asking down frm 97 percent of the listed price ayear ago.