High-End Housing “Booming”

CBS News’ Hank Plante went with Joel Goodrich (of TRI Coldwell Banker) on a showing of one of Joel’s beautiful Pacific Heights listings (located on Lyon Street) to get a sense of what’s going on out there.

“San Francisco realtor Joel Goodrich is showing his client a 5,000 square foot Pacific Heights stunner of a home listed at $8.55 million.The client, an interior decorator and philanthropist, has been looking for three months,” said Plante.

“It’s a strong market.Starting with the $2 – $5 million range, a lot of those homes are actually selling over asking,” according to Goodrich. “In fact, the average home sells over asking in the $2 – $5 million range.As you get over $5 million, if it’s a well-priced trophy property, it will sell immediately.”

Look at these recent sales.

2740 Green Street

This house on Green Street sold for about its asking price of $11 million.