‘Tech Wealth Effect’: Most Bay Area homes have lost value — except for one type

While much of the Bay Area housing market has cooled in 2025, luxury homes in cities like Atherton, Portola Valley, and Woodside are seeing rising prices and high demand. Median sales for the top 5% of homes reached approximately $6.4 million this autumn, up 5% year-over-year, even as mid-market homes saw slight declines.

The San Francisco Chronicle sought Arrian Binnings’ perspective on the luxury segment, and he observed that a “tech wealth effect” is putting real liquidity into buyers’ hands: “After such an epic run-up, many are taking some chips off the table and rotating those funds into local real estate.”

To see why the luxury segment is rebounding while much of the region’s market remains sluggish, read the full article HERE.