Here are some very interesting stat I just pulled up.  You know how stats can lie, right? As you all know stats can be an aberration and subject to interpretation but here is a stat that I think is very solid evidence of a trend.

In this case I chose closed sales dollar volume of $3M+ homes in Saratoga for the past  5 years dating back to 2006 for an accurate barometer of a trend.  Here are the stats:

2006- $78,468,000

2007- $133,493,092

2008- $75,405,000

2009- $37,948,985

2010- $36,575,000

2011- $50,053,000 (YTD)

My interpretation from these numbers are that the high was in 2007 ( easy in hindsight right?) and that we came thru some tough times in 2009 & 2010, but in 2011 with the year not even over and one more pending transaction not counted in these stats, i would say that we are on solid footing in the high end luxury market here in Saratoga.