While the worst of the economic crisis is over, many individuals still find that their homes are underwater, or have had their houses on the market for years with no buyers bidding. This catastrophe has affected all forms of housing from condos to luxury homes. However, the good news is that the housing market is making a slow, but steady comeback, and it is beginning first with the buying and selling of luxury homes.

In fact one of the most expensive luxury homes located in the heart of the Silicon Valley was just recently sold for one hundred million dollars. Russian billionaire, Yuri Milner, purchased this French-style chateau with no plans to yet settle in, according to the Associated Press. This could possibly mean that this house might instead become a new summer home for him as opposed to a permanent residence, but he was unwilling to provide any further comment according to one of his spokesmen.

The luxury home he purchased took about six years to complete and consists of eighteen acres of land that overlooks the San Francisco Bay area. Within the mansion are gyms, spas, pools, both in and outdoor, screening rooms, wine cellars, ballrooms, and even a motor court to help ensure security and privacy. This one hundred million dollar home is easily affordable for someone like Milner who is the current chairman of Mail.ru and founder of an Internet investment firm known as Digital Sky Technologies. He has major investments in other Internet based groups like Groupon and Facebook, and Facebook’s popular game of Farmville by Zynga to keep the money flowing inward.

According to Betty Graham, who listed the property, the sale of this mansion dwarfed the fifty million paid for the forty-eight hundred acre Belvedere Mansion in Bel Air last year. She went on to state that the smart money was in real estate, and that the number of homes over twenty million dollars sold triple this year than they did back in 2009.

With this increase in sold luxury homes it is easy to see that the housing market is slowly recovering. It might be for the well to do at first, but as the economy gets better with the progress of time more and more houses will continue to be purchased and sold well under the twenty million dollar mark returning the housing market back to its original strength. Home owning might be tough now, but the future for all looks like it might be getting a little bit brighter.