For luxury real estate, 2007 could not have been a better year. Throughout the valley there were a total of 24 homes that sold for a price of $4 million or more. The number had never been achieved nor anticipated. After reaching new heights in 2007, the inventory has replenished on the multi-million dollar level and has come back bigger and better than ever in 2008. The homes that are now being built and marketed are, in comparison with the previous sales, more sophisticated in design, technology and finishes. The elite buyers now have a selection of high-end homes that are fulfilling every necessity. Of the 26 homes listed over $8 million, the average price is over $12,420,765 or an average price per square foot of $1,113.92. The estates for sale today are above and beyond what has been done in the past, driven by the demands of influential consumers.

These clients are not affected by a slower economy and they will not settle for less than superior. That is why the luxury market continues to flourish and evolve.

For further information on available homes and home sites, visit www.goredrock.com, or call 702.804.7100.

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