Luxury Homes Buyers Find Savings

As Roberta Murphy from San Diego’s Luxury Home Digest put it, the “F” word is creeping into luxury real estate. Her article this past week  reports that the number of million dollar plus homes in foreclosure is on the rise in San Diego.

It would seem that no one is exempt from foreclosure in this economy. In the Sacramento area we have very few luxury homes in foreclosure at this time.

Roberta pointed out that the San Diego luxury home market in the exclusive Rancho Sante Fe has 34 homes in the foreclosure process valued at $12 million. If you are interested in seeing some of the finest luxury homes in the foreclosure market be sure to check out The Finest Foreclosures.

There are 4 luxury homes in our area in foreclosure. Two luxury foreclosed homes in Granite Bay, one in Loomis and one in Auburn.  Priced from $1 million to $2,550 million these luxury homes are quite a buy for luxury home buyers. Click to see the Sacramento million dollar foreclosed homes.

In Cameron Park there is one luxury estate in foreclosure for $1,489,937 on 5 acres with 7 ,297 square feet, a guest house, pool house, lighted tennis courts with ponds, and bridges. This is quite a savings for a luxury home buyer who is looking to live in El Dorado County. Click to view this luxury foreclosed home in Cameron Park.

If the number of luxury homes in foreclosure increases in the Sacramento neighboring luxury foreclosure home market, then there may be a luxury home rental market. Since there are few luxury foreclosures in our area, it is conceivable that these owners are “well entrenched and funded” to wait out this market crisis.

If you are interested in Pre-Foreclosure homes in and around the Sacramento area there are some excellent luxury home buys as well, just click and see luxury homes in Short Sale and more luxury homes in Short Sale.

Special Note: For those luxury home buyers who would like to keep up with the top wine selections be sure to visit The Connoisseurs Series for top wine selections.  Many are selected from our own Napa Valley wine area. Mix several bottles of wine by selecting composing your own case from many different areas such as Italy, France or even Chile at the The California Wine Club.

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