Luxury Trends for the Summer
As we head into summer, what trends are set to define this season’s must-haves, and are there
any surprises?
Smart technology and wellness amenities are certainly top favorites of the affluent homeowner,
but today’s buyer is also looking for the home that will fulfil their lifestyle decisions – this more
than just the style of the home and/or its location, it is the experience offered by the property that
will likely set it apart.
This experience tends to encompass not only unique and spectacular features within the home
and its grounds but also the property’s location and surrounding amenities. Affluent buyers’
expectations have shifted, becoming honed by the need to find a sense of purpose for their chosen
property and its location as well the opportunity to still add their personal identity and style.
Despite lingering uncertainty outside the luxury real estate market, the steadiness of prices, sales,
and inventory levels have resulted in a consistent increase in the demand for luxury properties
during the first five months of 2023.
The number of luxury properties sold has risen month over month since the start of 2023, aside
from January, which did see a downturn in sales. Despite the slight plateau in April, May’s figures
saw a 33% increase in sales for single-family homes compared to April and attached properties
sales were 26% higher.
This has been assisted by the increased level of new inventory entering the market, up 22%
compared to April 2022 for single-family homes and 14% for attached homes – putting inventory
levels back on par with levels seen in May 2022.
While an increase in new inventory has resulted in a greater number of sales, the significant
difference in percentage increase of sales versus new inventory proves that the demand for luxury
properties continues, enabling the market to remain strong.
- Strength and Comfort -
There is a focus on permanence in all aspects of the luxury real estate market with quick fads a
trend of the past; expect to see quality, endurability, and sustainability as the key determinants in
the building, design, and refurbishment of homes for the remainder of the year.
Nature is being embraced, creating a more natural feel through layering, texturing, sustainability processes. Color neutrality with warmer palettes, and Artisan and artistic features are being blended into old and new designs to create soothing, comfortable, yet unique environments.
These elements will be at the forefront of this season’s design palette, and technology will be implemented to provide efficiency but, more specifically, to create spaces and features that offer a sense of ambient wellness.
Color and Texture Return
The cool greys, sharp blacks, and clean or pure whites are taking a back seat as earthy greens, soft
yellows, deep reds, and gentle pinks, used for accents and contrast, are blended with more warm
neutral palettes creating richer dimensions to rooms. Warm greys, creams, and browns
the Luxury Market Report, your guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this report
provides an in-depth look at the top residential markets across the United States and Canada. Within the
individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and
sold properties designed to showcase current market status and recent trends. The national report illustrates
a compilation of the top North American markets to review overall standards and trends.
guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this report
provides an in-depth look at the top residential markets across the United States and Canada. Within the
individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and
sold properties designed to showcase current market status and recent trends. The national report illustrates
a compilation of the top North American markets to review overall standards and trends.
Understanding the New Reality of 2023
In this month’s report, we take a step back in time to understand why the luxury real market has
truly changed, how this new reality for buyers and sellers was created, and why it needs to be
appreciated.
Using 2019 as our benchmark year, a year that saw a steady and more typical sales cycle but one
that also showed a growing confidence in the purchase of luxury homes as the year progressed.
Growth was driven by demand as buyers saw financial potential due to strong stability within the
luxury real estate market.
Inventory availability in 2019 was not considered to be a factor in preventing sales, as most markets
typically saw a significantly greater number of homes for sale than potential buyers. It’s interesting
to note that prior to the pandemic it was rare for the luxury real estate market not to be more
favorable to buyers, and equally, expectations were that homes would take much longer to sell than
those in the traditional market.
As we all know, and it has been well documented, this all changed with the onset of the Covid-19
pandemic and the surge in demand for luxury properties. Demand outstripped supply at a dramatic
and voracious level so that even the rapid change of the market in April 2022, which saw an influx
of new listings, proved to be too little, given the uptake in sales during May and June of the same
year.
Like 2019, in 2023 there has been a return of confidence in the purchase of homes, month over
month sales volumes have increased, after the market faltered in the last four months of 2022.
However, this is where the similarities end, as while demand is still important, the new reality is the
status of the luxury real estate market is now clearly correlated to the level of available inventory.
Comparing inventory data in 2023 shows the average level of total listings per month is still
approximately 40% below levels in 2019.
NORTH AMERICAN LUXURY REVIEW
The data also clearly shows that it is not just the depleted level of inventory that is holding back
sales, but as we can see from the charts below, it is the actual number of new listings entering
the market each month that must also be directly correlated to sales activity – if the level of new
inventory increases, so does the number of sold properties for the month, and vice versa.
The Institute for Luxury Home Marketing produced this report. It
provides an in-depth look at the top residential markets across the United States and Canada.
“This “sudden” upward shift of inventory has already started the rumor that the housing market is ready to burst its bubble – and indeed, some highly inflated markets and overpriced properties may well be impacted – but most experts acknowledge that this is simply the market finally starting to cool.”
While it is contended that we are moving towards a buyer’s market, the current data for August 2022 shows that conditions in most luxury markets are still favorable to sellers –
of the 140 single-family markets showcased in our report, 106 remain seller markets.
• Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
Challenging Times in a Market Full of Contradictions
There is little doubt the luxury real estate market is facing some interesting challenges that even
have experts contradicting each other in their predictions and assumptions.
Statistics in many luxury markets still show that they are favorable to sellers – so why are homeowners
remaining hesitant to list their homes? For the fourth straight month, the number of new listings
entering the market has fallen, with increases in inventory levels mainly attributable to stale listings
lingering on.
Both sellers and buyers are sitting on the fence, with neither side wanting to jump into this
unconventional market unless presented with the right opportunity. The average days on market
have increased compared to last year, but relative to pre-pandemic averages, homes that have sold
recently are still selling twice as fast.
Luxury Markets in Demand
As demand returns, we review several markets in the U.S. and Canada that experienced significant growth in March. Much has been written recently about the popularity of lower priced luxury markets, especially in the Midwest, so we wondered, with the uptick in sales during March, if this trend was still holding true…or if another shift is occurring.
East Bay, California
Taking the number one spot is not a Midwest market, but East Bay in California, where the median luxury sold price averaged close to $1.5 million during the first quarter of 2023. Not only did this market see a huge increase in demand during the pandemic, but once again it is drawing buyers to
its highly diversified communities and seems set for a strong spring market.
The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales
prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report.
Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. The Glimmer of Change Grows Brighter
Last month, we reported a glimmer of hope as the luxury market, for the first time in 2023,
witnessed an increase in the number of sold properties and new inventory entering the market
compared to the same month in 2022. This encouraging trend continues this month.
The Numbers are Up
Compared to November 2022, the number of sales last month rose 5.1% for single-family homes
and 13.7% for attached homes. This is not the only growth statistic that could show the start, albeit
a slow one, of a market comeback.
The number of new listings entering the market last month also increased compared to November
2022, by 21.1% for single-family homes and 29.3% for attached properties. The rise in new inventory
entering the market is equally significant as it shows a growing confidence by sellers compared to
last year.
Lack of new inventory has been one of the most significant challenges to the growth of sales during
most of 2023, as it created a roadblock for opportunity. This was especially significant in a market
where buyers had become highly specific in their property specification preferences.
Get Ready for 2024 the Right Way
During this unconventional market, we highly recommend working with a luxury property specialist to gain insights into what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities and setting realistic expectations accordingly will ensure that your goals are achieved.
If you're considering to buy, sell or invest in California reach out and let's connect
LYNNE MACFARLANE, Realtor
Intero Los Altos & Carmel | DRE 02066698
831-346-2743
408-800-1141
LYNNE@LYNNEMACFARLANE.COM
WWW.LYNNEMACFARLANE.COM
the Luxury Market Report, your guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this report
provides an in-depth look at the top residential markets across the United States and Canada. Within the
individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and
sold properties designed to showcase current market status and recent trends. The national report illustrates
a compilation of the top North American markets to review overall standards and trends.
guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this report
provides an in-depth look at the top residential markets across the United States and Canada. Within the
individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and
sold properties designed to showcase current market status and recent trends. The national report illustrates
a compilation of the top North American markets to review overall standards and trends.
Understanding the New Reality of 2023
In this month’s report, we take a step back in time to understand why the luxury real market has
truly changed, how this new reality for buyers and sellers was created, and why it needs to be
appreciated.
Using 2019 as our benchmark year, a year that saw a steady and more typical sales cycle but one
that also showed a growing confidence in the purchase of luxury homes as the year progressed.
Growth was driven by demand as buyers saw financial potential due to strong stability within the
luxury real estate market.
Inventory availability in 2019 was not considered to be a factor in preventing sales, as most markets
typically saw a significantly greater number of homes for sale than potential buyers. It’s interesting
to note that prior to the pandemic it was rare for the luxury real estate market not to be more
favorable to buyers, and equally, expectations were that homes would take much longer to sell than
those in the traditional market.
As we all know, and it has been well documented, this all changed with the onset of the Covid-19
pandemic and the surge in demand for luxury properties. Demand outstripped supply at a dramatic
and voracious level so that even the rapid change of the market in April 2022, which saw an influx
of new listings, proved to be too little, given the uptake in sales during May and June of the same
year.
Like 2019, in 2023 there has been a return of confidence in the purchase of homes, month over
month sales volumes have increased, after the market faltered in the last four months of 2022.
However, this is where the similarities end, as while demand is still important, the new reality is the
status of the luxury real estate market is now clearly correlated to the level of available inventory.
Comparing inventory data in 2023 shows the average level of total listings per month is still
approximately 40% below levels in 2019.
NORTH AMERICAN LUXURY REVIEW
The data also clearly shows that it is not just the depleted level of inventory that is holding back
sales, but as we can see from the charts below, it is the actual number of new listings entering
the market each month that must also be directly correlated to sales activity – if the level of new
inventory increases, so does the number of sold properties for the month, and vice versa.
The Institute for Luxury Home Marketing produced this report. It
provides an in-depth look at the top residential markets across the United States and Canada.
“This “sudden” upward shift of inventory has already started the rumor that the housing market is ready to burst its bubble – and indeed, some highly inflated markets and overpriced properties may well be impacted – but most experts acknowledge that this is simply the market finally starting to cool.”
While it is contended that we are moving towards a buyer’s market, the current data for August 2022 shows that conditions in most luxury markets are still favorable to sellers –
of the 140 single-family markets showcased in our report, 106 remain seller markets.
• Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
Challenging Times in a Market Full of Contradictions
There is little doubt the luxury real estate market is facing some interesting challenges that even
have experts contradicting each other in their predictions and assumptions.
Statistics in many luxury markets still show that they are favorable to sellers – so why are homeowners
remaining hesitant to list their homes? For the fourth straight month, the number of new listings
entering the market has fallen, with increases in inventory levels mainly attributable to stale listings
lingering on.
Both sellers and buyers are sitting on the fence, with neither side wanting to jump into this
unconventional market unless presented with the right opportunity. The average days on market
have increased compared to last year, but relative to pre-pandemic averages, homes that have sold
recently are still selling twice as fast.
Luxury Markets in Demand
As demand returns, we review several markets in the U.S. and Canada that experienced significant growth in March. Much has been written recently about the popularity of lower priced luxury markets, especially in the Midwest, so we wondered, with the uptick in sales during March, if this trend was still holding true…or if another shift is occurring.
East Bay, California
Taking the number one spot is not a Midwest market, but East Bay in California, where the median luxury sold price averaged close to $1.5 million during the first quarter of 2023. Not only did this market see a huge increase in demand during the pandemic, but once again it is drawing buyers to
its highly diversified communities and seems set for a strong spring market.
The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales
prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report.
Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. The Glimmer of Change Grows Brighter
Last month, we reported a glimmer of hope as the luxury market, for the first time in 2023,
witnessed an increase in the number of sold properties and new inventory entering the market
compared to the same month in 2022. This encouraging trend continues this month.
The Numbers are Up
Compared to November 2022, the number of sales last month rose 5.1% for single-family homes
and 13.7% for attached homes. This is not the only growth statistic that could show the start, albeit
a slow one, of a market comeback.
The number of new listings entering the market last month also increased compared to November
2022, by 21.1% for single-family homes and 29.3% for attached properties. The rise in new inventory
entering the market is equally significant as it shows a growing confidence by sellers compared to
last year.
Lack of new inventory has been one of the most significant challenges to the growth of sales during
most of 2023, as it created a roadblock for opportunity. This was especially significant in a market
where buyers had become highly specific in their property specification preferences.
Get Ready for 2024 the Right Way
During this unconventional market, we highly recommend working with a luxury property specialist to gain insights into what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities and setting realistic expectations accordingly will ensure that your goals are achieved.
If you're considering to buy, sell or invest in California reach out and let's connect
LYNNE MACFARLANE, Realtor
Intero Los Altos & Carmel | DRE 02066698
831-346-2743
408-800-1141
LYNNE@LYNNEMACFARLANE.COM
WWW.LYNNEMACFARLANE.COM
Expectations and Considerations for 2024
To say that the high-end market has seen a dramatic growth over the last few years is probably an
understatement. The recognition of its impact and undeniable influence, through emerging trends
and architectural innovations, on the broader real estate landscape has been equally significant.
As we step into 2024, the luxury market now stands at another fascinating juncture.
This sector, known for its resilience and capacity to set trends, experienced a notable positive shift
towards the end of 2023. After a period of stagnation driven by economic uncertainties, the market
saw a resurgence in activity, marking a pivotal moment for affluent investors and luxury property
enthusiasts.
The initial three quarters of 2023 were characterized by a cautious approach from both buyers and
sellers, largely attributed to the unpredictable economic climate. Concerns over inflation, fluctuating
interest rates, and the overall economic outlook led to a slowdown in transactions.
However, the landscape began to shift in the last quarter of the year. As indicators of economic
stabilization became more apparent, confidence returned to the luxury real estate market. This
confidence was mirrored in increased inventory levels and a subsequent rise in sales, surpassing
figures from the same period in 2022.
A Market Still Evolving
Early statistics from January 2024, based on the 155 markets researched by The Institute, suggest
that this positive trend is not only continuing but has the potential to accelerate, particularly in
the single-family luxury market. Indicators point to a robust spring market that could potentially
outperform the previous year.
In the luxury single-family market not only are all the data parameters stronger compared to
January 2022, but there is also a trending upwards compared to December 2023. Both the overall
inventory level and new listings entering the market grew 15.9% and 25.4% respectively compared to
NORTH AMERICAN LUXURY REVIEW
January 2023. Compared to December 2023, inventory grew 2% but more importantly, new listings
by a staggering 88.9%. As a result, the single-family market saw an 18.4% increase in sales during
January 2024 compared to January 2023, and the median sold price increased by 1.6%.
International trends and statistics for Luxury Real Estate market. Review of 2017 sales and projections for future trends. Most desirable cities worldwide. What is Luxury by region. Emerging markets.
The Institute for Luxury Home Marketing report provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends. Questions addressed are whether if prices will fall and where are the most likely opportunities for luxury buyers exist. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities of setting expectations accordingly will ensure that goals are achieved.
**Contact Lynne MacFarlane, a member of the Institute of Luxury Home Marketing today to discuss your market home strategy and analysis.
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor Intero Los Altos & Carmel, CA
Prof Fiduciary Assoc of CA Silicon Valley affiliate member.
Call
831-346-2743 for an appt.
LMACFARLANE@INTERO.COM
www.LynneMacFarlane.com
Opportunity Knocks
The biggest impacts are more likely to be felt at the local market level and will depend on the current
demand profile of their buyers against ongoing supply. So, expect to hear some conflicting analysis
because all markets are not equal and results from a North American perspective could look very
different at the grassroots level.
While there will be much debate about how things will play out over the next year, like all markets,
there is always an opportunity for those who are ready. There are niches in every market: whether
moving to a location that affords a better cost of living, recognizing luxury pockets or property types
that are next in the demand cycle, or simply biding one’s time in anticipation of finding a property
that is below market value.
Regardless of an affluent buyer’s financial profile, there is still significant confidence in the luxury
real estate market and a belief in the stability of owning property. Even if some buyers previously
dropped out of the real estate game due to fatigue, frustration, or even hesitation during 2023, in
2024 they may be primed to return as inventory levels improve.
We highly recommend working with a luxury property specialist during this unconventional market
to ascertain what is truly happening in your local marketplace. The art of selling and buying in this
market needs a critical and analytical approach; understanding the realities and setting expectations
accordingly will ensure that goals are achieved.
Concierge Auctions Luxury Homes Market IndexChad Roffers
Detailed report that covers the top 40 luxury real estate markets in the United States. Detailed analysis of the top 10 transactions in respective markets showing the true days on market and sale to original list price.
Parma Home Sales Report - Spring, 2016Lisa Humenik
Parma, Ohio Home Sales Report showing trends in home sales, prices, and inventory. A must-read for home sellers, owners, and buyers to understand the current real estate market.
Victoria Real Estate Board May 2023 Statistics Package with charts and graphs. Spring market begins to grow just in time for summer.
A total of 775 properties sold in the Victoria Real Estate Board region this May, 1.8 per cent more than the 761 properties sold in May 2022 and a 21.7 per cent increase from April 2023. Sales of condominiums were down 0.8 per cent from May
2022 with 248 units sold. Sales of single family homes increased 8.7 per cent from May 2022 with 399 sold.
Victoria Real Estate Board Statistics with charts and graphs - March 2023. Early spring market reflects consumer confidence and growing demand. A total of 590 properties sold in the Victoria Real Estate Board region this March, 29.2 per cent fewer than the 833 properties sold in March 2022 but a 28.3 per cent increase from February 2023. Sales of condominiums were down 29.4 per cent from March 2022 with 197 units sold. Sales of single family homes decreased 31.8 per cent from March 2022 with 281 sold.
Institute of Luxury Home Marketing - Silicon Valley FEB 2024 | Lynne MacFarla...Lynne Watanabe-MacFarlane
Here's the Feb 2024 Institute of Luxury Home Marketing report for Silicon Valley (Peninsula and South Bay Area).
Please Like & Subscribe to Lynne MacFarlane Homes newsletter and search platform for the newest listings and market information.
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Here's the report from the Institute of Luxury Home Marketing - North America's top premier destinations single family homes includes median list price, sold price, inventory, new listings, numbers sold, days on market and the market status (Buyer market, Balanced market, Seller market). Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
1Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2 The luxury threshold price is set by The Institute for Luxury Home Marketing.
If interested in a local luxury market report contact us:
LYNNE MACFARLANE HOMES
Intero Los Altos & Carmel | a Berkshire Hathaway affiliate
DRE # 02066698
(408) 800-1141 Silicon Valley
(831) 346-2743 Santa Cruz/Monterey Bay
LMACFARLANE@INTERO.COM
More Related Content
Similar to Institute of Luxury Home Marketing - June 2023
Expectations and Considerations for 2024
To say that the high-end market has seen a dramatic growth over the last few years is probably an
understatement. The recognition of its impact and undeniable influence, through emerging trends
and architectural innovations, on the broader real estate landscape has been equally significant.
As we step into 2024, the luxury market now stands at another fascinating juncture.
This sector, known for its resilience and capacity to set trends, experienced a notable positive shift
towards the end of 2023. After a period of stagnation driven by economic uncertainties, the market
saw a resurgence in activity, marking a pivotal moment for affluent investors and luxury property
enthusiasts.
The initial three quarters of 2023 were characterized by a cautious approach from both buyers and
sellers, largely attributed to the unpredictable economic climate. Concerns over inflation, fluctuating
interest rates, and the overall economic outlook led to a slowdown in transactions.
However, the landscape began to shift in the last quarter of the year. As indicators of economic
stabilization became more apparent, confidence returned to the luxury real estate market. This
confidence was mirrored in increased inventory levels and a subsequent rise in sales, surpassing
figures from the same period in 2022.
A Market Still Evolving
Early statistics from January 2024, based on the 155 markets researched by The Institute, suggest
that this positive trend is not only continuing but has the potential to accelerate, particularly in
the single-family luxury market. Indicators point to a robust spring market that could potentially
outperform the previous year.
In the luxury single-family market not only are all the data parameters stronger compared to
January 2022, but there is also a trending upwards compared to December 2023. Both the overall
inventory level and new listings entering the market grew 15.9% and 25.4% respectively compared to
NORTH AMERICAN LUXURY REVIEW
January 2023. Compared to December 2023, inventory grew 2% but more importantly, new listings
by a staggering 88.9%. As a result, the single-family market saw an 18.4% increase in sales during
January 2024 compared to January 2023, and the median sold price increased by 1.6%.
International trends and statistics for Luxury Real Estate market. Review of 2017 sales and projections for future trends. Most desirable cities worldwide. What is Luxury by region. Emerging markets.
The Institute for Luxury Home Marketing report provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends. Questions addressed are whether if prices will fall and where are the most likely opportunities for luxury buyers exist. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities of setting expectations accordingly will ensure that goals are achieved.
**Contact Lynne MacFarlane, a member of the Institute of Luxury Home Marketing today to discuss your market home strategy and analysis.
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor Intero Los Altos & Carmel, CA
Prof Fiduciary Assoc of CA Silicon Valley affiliate member.
Call
831-346-2743 for an appt.
LMACFARLANE@INTERO.COM
www.LynneMacFarlane.com
Opportunity Knocks
The biggest impacts are more likely to be felt at the local market level and will depend on the current
demand profile of their buyers against ongoing supply. So, expect to hear some conflicting analysis
because all markets are not equal and results from a North American perspective could look very
different at the grassroots level.
While there will be much debate about how things will play out over the next year, like all markets,
there is always an opportunity for those who are ready. There are niches in every market: whether
moving to a location that affords a better cost of living, recognizing luxury pockets or property types
that are next in the demand cycle, or simply biding one’s time in anticipation of finding a property
that is below market value.
Regardless of an affluent buyer’s financial profile, there is still significant confidence in the luxury
real estate market and a belief in the stability of owning property. Even if some buyers previously
dropped out of the real estate game due to fatigue, frustration, or even hesitation during 2023, in
2024 they may be primed to return as inventory levels improve.
We highly recommend working with a luxury property specialist during this unconventional market
to ascertain what is truly happening in your local marketplace. The art of selling and buying in this
market needs a critical and analytical approach; understanding the realities and setting expectations
accordingly will ensure that goals are achieved.
Concierge Auctions Luxury Homes Market IndexChad Roffers
Detailed report that covers the top 40 luxury real estate markets in the United States. Detailed analysis of the top 10 transactions in respective markets showing the true days on market and sale to original list price.
Parma Home Sales Report - Spring, 2016Lisa Humenik
Parma, Ohio Home Sales Report showing trends in home sales, prices, and inventory. A must-read for home sellers, owners, and buyers to understand the current real estate market.
Victoria Real Estate Board May 2023 Statistics Package with charts and graphs. Spring market begins to grow just in time for summer.
A total of 775 properties sold in the Victoria Real Estate Board region this May, 1.8 per cent more than the 761 properties sold in May 2022 and a 21.7 per cent increase from April 2023. Sales of condominiums were down 0.8 per cent from May
2022 with 248 units sold. Sales of single family homes increased 8.7 per cent from May 2022 with 399 sold.
Victoria Real Estate Board Statistics with charts and graphs - March 2023. Early spring market reflects consumer confidence and growing demand. A total of 590 properties sold in the Victoria Real Estate Board region this March, 29.2 per cent fewer than the 833 properties sold in March 2022 but a 28.3 per cent increase from February 2023. Sales of condominiums were down 29.4 per cent from March 2022 with 197 units sold. Sales of single family homes decreased 31.8 per cent from March 2022 with 281 sold.
Similar to Institute of Luxury Home Marketing - June 2023 (20)
Institute of Luxury Home Marketing - Silicon Valley FEB 2024 | Lynne MacFarla...Lynne Watanabe-MacFarlane
Here's the Feb 2024 Institute of Luxury Home Marketing report for Silicon Valley (Peninsula and South Bay Area).
Please Like & Subscribe to Lynne MacFarlane Homes newsletter and search platform for the newest listings and market information.
https://lynnemacfarlane.realscout.me/
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Here's the report from the Institute of Luxury Home Marketing - North America's top premier destinations single family homes includes median list price, sold price, inventory, new listings, numbers sold, days on market and the market status (Buyer market, Balanced market, Seller market). Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
1Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2 The luxury threshold price is set by The Institute for Luxury Home Marketing.
If interested in a local luxury market report contact us:
LYNNE MACFARLANE HOMES
Intero Los Altos & Carmel | a Berkshire Hathaway affiliate
DRE # 02066698
(408) 800-1141 Silicon Valley
(831) 346-2743 Santa Cruz/Monterey Bay
LMACFARLANE@INTERO.COM
'The best way to sum up the luxury real estate market during 2023 might be that it remained "unapologetically resilient", despite a slower year in the overall sales volume compared to 2022.
Purchasing a luxury home also retained its appeal with high demand from affluent buyers still looking to realize their desire to buy a new residence. Equally they recognized that the investment opportunity remained, albeit over the longer term.
Want to learn more, make sure you connect with MacFarlane Homes Facebook Page:
https://www.facebook.com/LynneMacFarlaneHomes
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor
Intero Los Altos & Carmel, Berkshire Hathaway
- Institute of Luxury Home Marketing - Member
(408) 800-1141
(831) 346-2743
WWW.LYNNEMACFARLANE.COM
LMACFARLANE@INTERO.COM
Here's how to make your home fire-resistant inside and out. This is a nice guide to help homeowners become protected against fires in California. Many homeowners have experienced difficulty in securing affordable fire insurance or have faced policy non-renewals, leaving them vulnerable and financially exposed in the face of potential fire disasters.
This is from the California Association of Realtors - C.A.R.'s California & County Sales & Price Report for detached homes are generated from a survey of more than 90 associations of REALTORS® and MLSs throughout the state, representing 90 percent of the market.
If you're interested in a specific country or area, please don't hesitate to text or call me! I love to help educate my clients, it helps to make well informed decisions!
Lynne Watanabe MacFarlane, Realtor Intero Los Altos
408-800-1141 text
Silicon Valley & Coastal properties
Lynne MacFarlane, Realtor with Intero Real Estate Services presentation for Buyers and Sellers in the SF Bay Area. Using data from Aculist MLSListings. Report includes Santa Clara County data of single family residences and condo/townhomes.
Video Presentation: https://youtu.be/Z71GtnGQE9k
For a buyer or seller consultation and a full Professional Equity Assessment Report (PEAR) for your home, call Lynne at
(408) 800-1141 Silicon Valley
(831) 346-2743 Santa Cruz/ Monterey Bay Luxury Properties
For video presentation and more Buyer and Seller Real Estate Tips see: https://bit.ly/MacFarlaneHomesRETips
Quarterly Market Review National & Regional real estate review for Q4 2022 from partner economist with MLSListings “The MLSListings area is disproportionately tied to the tech sector, and after booming for several years in tandem with the stock market, is returning to more sustainable levels. I do not foresee any prolonged decline
in MLSListings area home prices on the horizon and expect that year-over-year price declines will be roughly 15% of their peak. Further, I anticipate that the market will pick up again in late 2023 as the Fed prepares to lower interest rates.”
Proposition 19: Homeowner Tax Savings Everywhere in the State of CaliforniaLynne Watanabe-MacFarlane
Homeowners who are 55 or over, severely disabled, or whose homes were destroyed by wildfire
or natural disaster, may transfer the taxable value of their primary residence to a replacement
primary residence …
§ Anywhere in the state
§ Regardless of the location
§ Regardless of the value of the replacement primary residence — even if it’s greater in value
(with an upward adjustment in the tax basis if the replacement property is greater in value)
§ Within two years of the sale of the original primary residence
§ Up to three times (although there’s no limit for those whose houses were destroyed by wildfire
or natural disaster)
These rules are in effect on and after April 1, 2021
The information contained herein is
intended to provide general
information and is not intended as
a substitute for individual legal
advice. Specific examples used are
only general examples, and the
actual amount of property taxes
owed for any person will depend on
the specific situation of the
individual and a wide variety of
other factors. Therefore, all persons
are directed to seek the advice of
an attorney regarding their specific
tax and legal situation.
Green is Gold When Marketing to Millennials - found that if the costs could be included in their mortgage loan, more than half (51%) of those aged 18 to 34 would be interested in improving home energy efficiency, and 48% would be interested in installing solar panels.
It’s important to know that Millennials’ expectations for their homes differ from those of other generations. For example, net-zero all-electric homes, Quartz surfaces, induction cooktops, and water conservation are among their priorities.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
3. REPORT GLOSSARY
The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales
prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and
price-per-square-foot – to provide you a comprehensive North American Luxury Market report.
Additionally, we have further examined all of the individual luxury markets to provide both an
overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury
single-family homes and luxury attached homes.
It is our intention to include additional luxury markets on a continual basis. If your market is
not featured, please contact us so we can implement the necessary qualification process. More
in-depth reports on the luxury communities in your market are available as well.
Looking through this report, you will notice three distinct market statuses, Buyer's Market,
Seller's Market, and Balanced Market. A Buyer's Market indicates that buyers have greater
control over the price point. This market type is demonstrated by a substantial number of
homes on the market and few sales, suggesting demand for residential properties is slow for
that market and/or price point.
By contrast, a Seller's Market gives sellers greater control over the price point. Typically,
this means there are few homes on the market and a generous demand, causing competition
between buyers who ultimately drive sales prices higher.
A Balanced Market indicates that neither the buyers nor the sellers control the price point at
which that property will sell and that there is neither a glut nor a lack of inventory. Typically,
this type of market sees a stabilization of both the list and sold price, the length of time the
property is on the market as well as the expectancy amongst homeowners in their respective
communities – so long as their home is priced in accordance with the current market value.
REMAINING INVENTORY: The total number of homes available at the close of a month.
DAYS ON MARKET: Measures the number of days a home is available on the market before a
purchase offer is accepted.
LUXURY BENCHMARK PRICE: The price point that marks the transition from traditional homes
to luxury homes.
NEW LISTINGS: The number of homes that entered the market during the current month.
PRICE PER SQUARE FOOT: Measures the dollar amount of the home's price for an individual
square foot.
SALES RATIO: Sales Ratio defines market speed and determines whether the market currently
favors buyers or sellers. Buyer's Market = up to 14%; Balanced Market = 15 to 20%; Seller's
Market = 21% plus. If >100%, sales from previous month exceed current inventory.
SP/LP RATIO: The Sales Price/List Price Ratio compares the value of the sold price to the value
of the list price.
– LUXURY REPORT EXPLAINED –
4. “Smart technology and wellness
amenities are certainly top favorites of
the affluent homeowner, but today’s
buyer is also looking for the home that
will fulfill their lifestyle decisions – this
more than just the style of the home
and/or its location, it is the experience
offered by the property that will likely
set it apart.”
5. Luxury Trends for the Summer
As we head into summer, what trends are set to define this season’s must-haves, and are there
any surprises?
Smart technology and wellness amenities are certainly top favorites of the affluent homeowner,
but today’s buyer is also looking for the home that will fulfil their lifestyle decisions – this more
than just the style of the home and/or its location, it is the experience offered by the property that
will likely set it apart.
This experience tends to encompass not only unique and spectacular features within the home
and its grounds but also the property’s location and surrounding amenities. Affluent buyers’
expectations have shifted, becoming honed by the need to find a sense of purpose for their chosen
property and its location as well the opportunity to still add their personal identity and style.
Despite lingering uncertainty outside the luxury real estate market, the steadiness of prices, sales,
and inventory levels have resulted in a consistent increase in the demand for luxury properties
during the first five months of 2023.
The number of luxury properties sold has risen month over month since the start of 2023, aside
from January, which did see a downturn in sales. Despite the slight plateau in April, May’s figures
saw a 33% increase in sales for single-family homes compared to April and attached properties
sales were 26% higher.
This has been assisted by the increased level of new inventory entering the market, up 22%
compared to April 2022 for single-family homes and 14% for attached homes – putting inventory
levels back on par with levels seen in May 2022.
While an increase in new inventory has resulted in a greater number of sales, the significant
difference in percentage increase of sales versus new inventory proves that the demand for luxury
properties continues, enabling the market to remain strong.
NORTH AMERICAN LUXURY REVIEW
6. Sold Prices also indicate stability in the current market as overall, the monthly median price for
both single-family and attached properties has barely shifted, but more significantly, the homes
that are selling are being sold very close to their list price.
Strength and Comfort
There is a focus on permanence in all aspects of the luxury real estate market with quick fads a
trend of the past; expect to see quality, endurability, and sustainability as the key determinants in
the building, design, and refurbishment of homes for the remainder of the year.
Nature is being embraced, creating a more natural feel through layering, texturing, sustainability
processes. Color neutrality with warmer palettes, and Artisan and artistic features are being blended
into old and new designs to create soothing, comfortable, yet unique environments.
These elements will be at the forefront of this season’s design palette, and technology will be
implemented to provide efficiency but, more specifically, to create spaces and features that offer a
sense of ambient wellness.
Color and Texture Return
The cool greys, sharp blacks, and clean or pure whites are taking a back seat as earthy greens, soft
yellows, deep reds, and gentle pinks, used for accents and contrast, are blended with more warm
neutral palettes creating richer dimensions to rooms. Warm greys, creams, and browns create a
sense of warmth, coziness, and real “hygge” like luxury living.
Equally, the addition of textures such as wallpaper, fabrics, and soft furnishings are replacing
previously streamlined interior surfaces. Concrete, oak, and cork are some natural materials no
longer just found in the details but are set to become defining hallmarks of indoor and outdoor
7. surfaces. “Hyper-textuality” will bring the natural world into everyday living, unprocessed and
untreated, stripped of all synthetics. There also seems to be a staunch focus on high-contrast and
high-pattern grains alongside overstated veining in marble, stone, and wood.
Blending Old and New with a Touch of Artisan
In the transfer from modernity’s sleek lines to a space that looks ‘more lived-in,’ expect to find
vintage, reused, and Artisan pieces mixed in to create a sense of eclectic character that also allows
the individuality of the homeowner’s personality to shine.
The purchase of antiques, and even furniture from the 1950s, 60s, and 70s, is finding a home in
today’s modern rooms and is being artfully incorporated through the addition of dramatic pops of
contrasting color and textures.
Blending delicate and bold colors, soft neutrals, and warm tones achieve a natural aesthetic, making
any room feel cozy and comforting. Add in handmade, Artisan artwork and craftsmanship, and the
room changes to offer unique pieces of interest and culture.
Environmental Consciousness
Equally important has become the investment into using products that are considered sustainable
both in building the home and its interior design.
Net-zero interior design and architecture are not new; still, there is not only a growing demand
from affluent homeowners but a drive that is being taken up by builders, developers, and designers.
Expect to see the start of every aspect of the project, from design, construction, materials, and
layout to furniture and technology, embrace this trend as we all become more environmentally
conscious.
From energy-efficient equipment and features such as water purification systems and ambient
heating and cooling systems, use of floor-to-ceiling windows to capture the natural light (as well
8. as views), saltwater pools that require less chlorine to electric car charging stations, these are just
a few of the expectations of luxury buyers in today’s market. Incorporating sustainable and self-
maintaining gardening solutions, harvesting rainwater, and using drought-tolerant alternatives
are also on the uptick.
Sustainable, recycled, and ethical are hot topics in every avenue of life, and 2023 home décor trends
follow suit. Every year, we learn more about sustainable practices and what to opt for regarding the
planet’s health. As a result, trendy interiors look and feel different from those of the past. We’ll
see an increase in green materials and organic surfaces in upcoming designs, from residential to
commercial.
Outdoor Trends
As the warmer weather sets in, it’s natural to gravitate to outdoor spaces, and the trend for blending
and opening up the space between indoors and outside is still very much in vogue.
Like the indoors, expect more soft lines, welcoming spaces, and comfortable surfaces. In particular,
low-lying outdoor armchairs and sofas are in high demand as they can create relaxing space and
a welcoming vibe.
Color schemes are a little more dramatic this year, with shades of red, orange, and green dominating,
specifically terracotta, sage green, and seafoam green, set against a rich earthy color or neutral
tone background.
The post-pandemic frame of mind has filtered into everyday surroundings to capture peace, a
sense of well-being, warmth, and wellness. Overall expect to see a renewal of bright, bold, and
inspiring interiors. Plus, organic and sustainable design is gaining more traction. These may not be
new concepts, but the passion for creating a natural and healthy space is certainly a growing trend.
The art of selling and buying in this market needs a critical and analytical approach; understanding
the realities and setting expectations accordingly will ensure that goals are achieved. For homeowners
looking to buy or sell in today’s market, we recommend working with a REALTOR who can capitalize
on the preferences, trends, and demands in this dynamic and evolving environment.
9. – 13-MONTH MARKET TRENDS –
Single-Family Homes Attached Homes Single-Family List Price Attached List Price
DAYS
ON
MARKET
SALES
PRICE
VS.
LIST
PRICE
All data is based off median values. Median prices represent properties priced above respective city benchmark prices.
FOR THE LUXURY NORTH AMERICAN MARKET
7 9
12
17
21
22
25
32
35
40
24
17 14
9 10
13
18
20
24
28
29
32
28
23
19
18
0
5
10
15
20
25
30
35
40
45
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
PRICE
PER
SQUARE
FOOT
$540
$553
$539
$521
$525
$515
$523
$516
$498
$500
$501
$486
$493
$438
$436
$430
$417
$423
$421
$421
$413
$394
$432
$411
$411
$432
$0
$100
$200
$300
$400
$500
$600
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
$1,500,000
$1,700,000
$1,900,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
10. – LUXURY MONTHLY MARKET REVIEW –
• Official Market Type: Seller's with a 37.01% Sales Ratio.1
• Homes are selling for an average of 99.80% of list price.
• The median luxury threshold2
price is $950,000, and the median luxury home sales price
is $1,388,000.
• Markets with the Highest Median Sales Price: Aspen ($20,000,000), Telluride
($4,995,000), Paradise Valley ($4,600,000), and Naples ($4,450,000).
• Markets with the Highest Sales Ratio: East Bay, CA (133%), Howard County, MD (91%),
Cleveland Suburbs, OH (86%), and Frederick County, MD (86%).
1
Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from
previous month exceeds current inventory. 2
The luxury threshold price is set by The Institute for Luxury Home Marketing.
SINGLE-FAMILY HOMES
Median List Price $1,598,500 $1,694,500
Median Sale Price $1,350,250 $1,388,000
Median SP/LP Ratio 100.44% 99.80%
Total Sales Ratio 61.58% 37.01%
Median Price per Sq. Ft. $438 $432
Total Inventory 40,801 52,874
New Listings 21,712 21,464
Total Sold 25,127 19,569
Median Days on Market 7 14
Average Home Size 3,226 3,171
A Review of Key Market Differences Year over Year
May 2022 | May 2023
Median prices represent properties priced above respective city benchmark prices.
May 2023
May 2022 May 2023
May 2022
SINGLE-FAMILY HOMES MARKET SUMMARY | MAY 2023
New Listings
248
Total Sold
5,558
Med. Sale Price
$
37,750
Days on Market
7
Sales Ratio
24.57%
11. • Official Market Type: Seller's Market with a 33.33% Sales Ratio.1
• Attached homes are selling for an average of 99.75% of list price.
• The median luxury threshold2
price is $700,000, and the median attached luxury sale price
is $866,250.
• Markets with the Highest Median Sales Price: Aspen ($4,900,000), Ft. Lauderdale
($2,800,000), Vail ($2,600,000), and Park City ($2,265,000).
• Markets with the Highest Sales Ratio: Howard County, MD (212%), Fairfax County, VA
(163%), Arlington & Alexandria, VA (142%), and Montgomery County, MD (126%).
1
Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from
previous month exceeds current inventory. 2
The luxury threshold price is set by The Institute for Luxury Home Marketing.
Median List Price $992,000 $989,450
Median Sale Price $871,500 $866,250
Median SP/LP Ratio 100.01% 99.75%
Total Sales Ratio 56.83% 33.33%
Median Price per Sq. Ft. $540 $493
Total Inventory 13,047 17,320
New Listings 6,574 6,854
Total Sold 7,414 5,773
Median Days on Market 9 18
Average Home Size 1,755 1,883
– LUXURY MONTHLY MARKET REVIEW –
Median prices represent properties priced above respective city benchmark prices.
A Review of Key Market Differences Year over Year
May 2022 | May 2023
May 2023
May 2022 May 2023
May 2022
ATTACHED HOMES MARKET SUMMARY | MAY 2023
ATTACHED HOMES
New Listings
280
Total Sold
1,641
Med. Sale Price
$
5,250
Days on Market
10
Sales Ratio
23.50%
12. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
– LUXURY MONTHLY MARKET REVIEW –
SINGLE-FAMILY HOMES
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
AB Calgary $1,180,000 $950,000 519 408 363 15 Seller's
AZ Chandler and Gilbert $1,099,500 $1,035,000 122 51 86 35 Seller's
AZ Flagstaff $1,650,000 $1,300,000 87 31 13 36 Buyer's
AZ Mesa $900,000 $899,000 147 58 69 47 Seller's
AZ Paradise Valley $6,300,000 $4,600,000 146 35 33 58 Seller's
AZ Phoenix $950,000 $802,000 671 247 355 44 Seller's
AZ Scottsdale $2,326,369 $1,646,000 667 180 236 49 Seller's
AZ Tucson $699,000 $667,000 770 272 345 16 Seller's
BC Mid Vancouver Island $1,690,000 $1,475,000 211 113 31 36 Buyer's
BC Okanagan Valley $1,749,900 $1,510,000 944 384 102 42 Buyer's
BC Vancouver $4,488,000 $3,608,800 1013 474 133 9 Buyer's
BC Victoria $2,349,500 $1,900,000 168 114 41 28 Seller's
BC Whistler $5,324,003 $4,100,000 40 10 1 2 Buyer's
CA Central Coast $2,995,000 $2,250,000 227 86 69 11 Seller's
CA East Bay $2,458,888 $1,950,000 323 199 430 9 Seller's
CA Greater Palm Springs $1,899,000 $1,890,000 407 140 135 31 Seller's
CA Lake Tahoe $2,672,000 $1,792,500 168 79 24 46 Buyer's
CA Los Angeles Beach Cities $6,195,000 $4,184,700 363 116 59 23 Balanced
CA Los Angeles City $5,245,000 $3,423,611 636 197 102 31 Balanced
CA Los Angeles The Valley $2,849,998 $1,989,500 534 240 204 31 Seller's
CA Marin County $3,395,000 $3,010,500 107 34 65 10 Seller's
CA Napa County $3,995,000 $2,417,500 132 22 18 45 Buyer's
CA Orange County $2,999,900 $2,145,000 843 346 386 20 Seller's
CA Placer County $1,198,000 $1,047,495 245 102 116 11 Seller's
CA Sacramento $1,049,000 $900,000 568 302 322 10 Seller's
CA San Diego $2,677,500 $2,000,000 764 371 369 10 Seller's
CA San Francisco $5,300,000 $3,400,000 139 32 55 12 Seller's
CA San Luis Obispo County $1,894,999 $1,510,000 159 66 75 28 Seller's
CA Santa Barbara $5,700,000 $3,657,500 125 65 42 10 Seller's
CA Silicon Valley $4,418,000 $3,300,000 485 265 302 8 Seller's
CA Sonoma County $2,497,000 $1,800,000 266 70 66 20 Seller's
CA Ventura County $2,495,000 $1,625,000 225 88 103 53 Seller's
CO Aspen $14,575,000 $20,000,000 58 8 9 43 Balanced
CO Boulder $2,300,000 $1,606,000 289 122 80 31 Seller's
CO Colorado Springs $925,000 $846,000 428 172 147 14 Seller's
CO Denver $1,714,500 $1,376,000 694 310 305 5 Seller's
CO Douglas County $1,350,000 $1,126,206 318 137 119 8 Seller's
CO Durango $1,665,000 $1,200,000 101 44 21 61 Balanced
13. – LUXURY MONTHLY MARKET REVIEW –
SINGLE-FAMILY HOMES
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
CO Summit County $3,290,000 $1,705,000 60 13 5 40 Buyer's
CO Telluride $6,975,000 $4,995,000 75 13 3 118 Buyer's
CO Vail $5,875,000 $4,194,625 67 7 6 173 Buyer's
CT Central Connecticut $699,000 $610,000 320 114 139 5 Seller's
CT Coastal Connecticut $2,400,000 $1,776,000 544 225 165 22 Seller's
DC Washington D.C. $4,200,000 $2,320,000 55 26 21 6 Seller's
DE Sussex County Coastal $1,419,995 $1,300,000 132 31 45 5 Seller's
FL Boca Raton/Delray Beach $2,999,000 $1,890,000 493 151 99 48 Balanced
FL Brevard County $859,900 $775,000 313 134 134 12 Seller's
FL Broward County $1,700,000 $1,400,000 654 212 107 50 Balanced
FL Coastal Pinellas County $2,275,000 $2,100,000 121 32 32 61 Seller's
FL Ft. Lauderdale $4,975,000 $3,500,000 185 36 21 225 Buyer's
FL Jacksonville Beaches $1,400,000 $1,150,000 347 124 103 29 Seller's
FL Lee County $1,399,000 $1,310,000 812 213 160 27 Balanced
FL Marco Island $2,500,000 $2,350,000 144 28 31 31 Seller's
FL Miami $2,200,000 $1,485,000 989 235 134 50 Buyer's
FL Naples $5,645,000 $4,450,000 441 65 67 42 Balanced
FL Orlando $1,249,000 $1,118,003 746 241 222 13 Seller's
FL Palm Beach Towns $4,250,000 $3,100,000 301 41 34 58 Buyer's
FL Sarasota & Beaches $2,795,000 $1,950,000 442 90 77 48 Balanced
FL South Pinellas County $1,550,000 $1,400,000 292 94 87 18 Seller's
FL South Walton $2,500,000 $2,100,000 471 141 61 63 Buyer's
FL Tampa $785,900 $700,000 1139 413 513 12 Seller's
GA Atlanta $1,650,000 $1,225,000 666 287 266 6 Seller's
GA Duluth $1,425,000 $1,363,000 19 9 10 13 Seller's
HI Island of Hawaii $2,400,000 $1,575,000 120 22 28 27 Seller's
HI Kauai $3,250,000 $2,285,000 53 12 10 34 Balanced
HI Maui $3,925,000 $3,244,136 150 37 29 105 Balanced
HI Oahu $3,295,444 $2,500,000 188 39 35 25 Balanced
IA Des Moines $695,000 $745,000 19 7 10 2 Seller's
ID Ada County $799,999 $778,850 681 332 258 11 Seller's
ID Northern Idaho $1,699,000 $1,425,000 475 215 55 52 Buyer's
IL Chicago $1,670,000 $1,275,000 674 351 299 8 Seller's
IL DuPage County $1,259,900 $960,000 243 112 135 8 Seller's
IL Lake County $1,250,000 $900,000 286 119 132 11 Seller's
IL Will County $675,000 $622,265 201 93 144 6 Seller's
IN Hamilton County $918,000 $785,000 165 85 135 4 Seller's
KS Johnson County $846,424 $815,000 466 87 174 3 Seller's
14. – LUXURY MONTHLY MARKET REVIEW –
SINGLE-FAMILY HOMES
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
MA Cape Cod $2,400,000 $1,700,000 163 54 36 23 Seller's
MA Greater Boston $3,000,000 $2,467,500 187 89 48 21 Seller's
MA South Shore $2,125,000 $1,530,000 78 30 29 20 Seller's
MD Anne Arundel County $1,099,000 $880,840 173 70 114 5 Seller's
MD Frederick County $887,000 $897,505 44 18 38 7 Seller's
MD Howard County $1,120,000 $1,005,000 78 30 71 5 Seller's
MD Montgomery County $1,892,500 $1,567,500 180 101 126 6 Seller's
MD Talbot County $3,345,000 $1,460,000 44 13 6 6 Buyer's
MD Worcester County $1,100,000 $800,000 51 19 21 17 Seller's
MI Livingston County $749,450 $680,000 98 56 29 6 Seller's
MI Monroe County $649,900 $540,450 17 11 8 9 Seller's
MI Oakland County $772,400 $650,000 740 339 322 8 Seller's
MI Washtenaw County $997,500 $777,500 138 53 86 6 Seller's
MI Wayne County $759,000 $646,500 175 94 92 8 Seller's
MN Olmsted County $874,900 $851,626 89 26 22 55 Seller's
MN Twin Cities $1,200,000 $1,055,463 785 343 202 11 Seller's
MO Kansas City $689,950 $669,000 1537 323 547 4 Seller's
MO St. Louis $827,450 $632,000 100 49 85 5 Seller's
NC Asheville $1,184,000 $900,000 254 93 74 7 Seller's
NC Charlotte $1,274,500 $975,000 534 235 419 4 Seller's
NC Lake Norman $1,274,450 $1,050,000 214 92 116 9 Seller's
NC Raleigh-Durham $1,151,950 $965,000 498 162 293 3 Seller's
NJ Bergen County $2,200,000 $1,665,000 239 76 56 19 Seller's
NJ Hudson County $1,499,000 $1,861,000 23 7 11 6 Seller's
NJ Morris County $1,799,000 $1,412,500 139 61 40 19 Seller's
NJ Ocean County $950,000 $850,000 423 173 131 24 Seller's
NM Taos $1,225,000 $912,500 59 16 10 107 Balanced
NV Lake Tahoe $3,785,000 $2,853,500 110 32 12 64 Buyer's
NV Las Vegas $1,750,000 $1,485,000 566 178 122 31 Seller's
NV Reno $1,794,500 $1,689,500 98 45 28 55 Seller's
NY Finger Lakes $1,799,000 $1,500,000 27 11 8 8 Seller's
NY Nassau County $1,989,500 $1,412,500 664 247 124 32 Balanced
NY Staten Island $1,270,000 $1,160,000 159 46 22 97 Buyer's
NY Suffolk County $1,943,750 $1,225,000 752 234 121 43 Balanced
OH Cincinnati $862,000 $719,500 238 73 94 2 Seller's
OH Cleveland Suburbs $775,000 $627,550 37 15 32 11 Seller's
OH Columbus $875,000 $740,500 415 214 267 4 Seller's
ON GTA - Durham $1,799,000 $1,555,000 253 217 115 7 Seller's
15. – LUXURY MONTHLY MARKET REVIEW –
SINGLE-FAMILY HOMES
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
ON GTA - York $2,499,000 $1,888,000 539 501 311 8 Seller's
ON Hamilton $1,924,500 $1,500,000 216 133 47 12 Seller's
ON Mississauga $2,981,500 $2,472,500 140 104 50 13 Seller's
ON Oakville $3,160,000 $2,275,044 124 123 70 6 Seller's
ON Toronto $3,545,000 $3,337,500 523 428 186 7 Seller's
ON Waterloo Region $1,500,000 $1,291,825 194 167 104 10 Seller's
OR Portland $1,289,850 $1,125,000 680 315 233 6 Seller's
QC Montreal - - - - - - -
SC Charleston $1,975,000 $1,475,000 419 183 161 14 Seller's
SC Hilton Head $1,950,000 $1,550,000 233 66 81 33 Seller's
SC The Grand Strand $875,000 $822,890 386 104 115 88 Seller's
TN Greater Chattanooga $915,000 $875,000 204 66 59 14 Seller's
TN Knoxville $943,500 $921,000 129 57 66 5 Seller's
TN Nashville $1,775,000 $1,412,500 847 329 290 5 Seller's
TX Austin $1,250,000 $965,000 1358 511 388 14 Seller's
TX Collin County $765,900 $700,000 1091 592 645 14 Seller's
TX Dallas $1,384,500 $1,052,500 434 185 210 10 Seller's
TX Denton County $775,000 $739,018 931 452 435 14 Seller's
TX El Paso $625,000 $591,575 199 41 20 14 Buyer's
TX Fort Worth $909,900 $795,000 901 394 418 15 Seller's
TX Greater Tyler $699,900 $657,500 232 90 38 24 Balanced
TX Houston $1,050,000 $895,000 1039 443 439 9 Seller's
TX Lubbock $659,000 $605,625 139 52 50 80 Seller's
TX San Angelo $610,000 $590,000 77 29 7 45 Buyer's
TX San Antonio $799,000 $725,000 701 281 188 31 Seller's
TX The Woodlands & Spring $859,884 $825,000 182 95 129 5 Seller's
UT Park City $4,500,000 $2,700,000 183 63 25 33 Buyer's
UT Salt Lake City $1,199,000 $998,500 439 215 180 20 Seller's
VA Arlington & Alexandria $2,200,000 $1,815,000 103 48 37 5 Seller's
VA Charlottesville $1,262,500 $1,052,000 140 32 47 5 Seller's
VA Fairfax County $2,034,108 $1,438,750 330 144 178 6 Seller's
VA McLean & Vienna $2,598,444 $1,824,750 150 54 59 6 Seller's
VA Richmond $810,400 $818,000 339 113 213 7 Seller's
VA Smith Mountain Lake $1,800,000 $1,177,500 36 12 4 5 Buyer's
WA King County $2,161,250 $1,637,000 827 417 525 6 Seller's
WA Seattle $2,037,500 $1,631,000 236 123 138 6 Seller's
WA Spokane $1,200,000 $1,000,000 136 81 29 18 Seller's
16. – LUXURY MONTHLY MARKET REVIEW –
ATTACHED HOMES
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian
cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
AB Calgary $799,000 $704,000 139 93 62 19 Seller's
AZ Chandler and Gilbert - - - - - - -
AZ Flagstaff - - - - - - -
AZ Mesa - - - - - - -
AZ Paradise Valley - - - - - - -
AZ Phoenix - - - - - - -
AZ Scottsdale $895,000 $800,000 221 75 85 32 Seller's
AZ Tucson - - - - - - -
BC Mid Vancouver Island $875,000 $806,500 63 29 22 15 Seller's
BC Okanagan Valley - - - - - - -
BC Vancouver $1,959,900 $1,750,000 902 444 173 12 Balanced
BC Victoria $979,900 $986,750 153 111 68 14 Seller's
BC Whistler $2,450,000 $2,088,000 33 17 5 48 Balanced
CA Central Coast $1,299,999 $1,067,500 37 20 10 38 Seller's
CA East Bay $1,097,833 $1,175,000 97 70 115 8 Seller's
CA Greater Palm Springs - - - - - - -
CA Lake Tahoe $1,747,000 $1,965,000 34 16 8 15 Seller's
CA Los Angeles Beach Cities $1,997,000 $1,610,000 122 56 75 17 Seller's
CA Los Angeles City $1,750,000 $1,404,500 350 125 92 26 Seller's
CA Los Angeles The Valley $849,000 $800,000 92 54 89 22 Seller's
CA Marin County $1,315,000 $1,033,000 19 9 14 9 Seller's
CA Napa County - - - - - - -
CA Orange County $1,250,000 $1,125,000 276 162 251 12 Seller's
CA Placer County - - - - - - -
CA Sacramento - - - - - - -
CA San Diego $1,495,000 $1,077,500 271 157 188 8 Seller's
CA San Francisco $2,600,000 $2,250,000 126 22 34 34 Seller's
CA San Luis Obispo County - - - - - - -
CA Santa Barbara $1,567,500 $1,893,570 14 15 10 7 Seller's
CA Silicon Valley $1,628,000 $1,702,500 89 56 74 8 Seller's
CA Sonoma County $783,639 $778,224 13 4 6 29 Seller's
CA Ventura County $819,000 $760,000 85 33 50 41 Seller's
CO Aspen $3,500,000 $4,900,000 37 10 3 94 Buyer's
CO Boulder $929,000 $809,750 90 42 32 32 Seller's
CO Colorado Springs $552,450 $538,330 52 14 9 4 Balanced
CO Denver $899,000 $805,000 166 59 59 14 Seller's
CO Douglas County $675,000 $585,500 19 7 17 12 Seller's
CO Durango $875,000 $777,500 27 9 6 45 Seller's
17. – LUXURY MONTHLY MARKET REVIEW –
ATTACHED HOMES
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian
cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
CO Summit County $1,250,000 $1,175,000 32 19 11 9 Seller's
CO Telluride $2,422,500 $2,249,000 38 10 13 125 Seller's
CO Vail $3,755,000 $2,600,000 71 10 10 4 Buyer's
CT Central Connecticut - - - - - - -
CT Coastal Connecticut $1,530,000 $660,000 130 37 49 21 Seller's
DC Washington D.C. $1,850,000 $1,626,250 231 80 80 11 Seller's
DE Sussex County Coastal $1,200,000 $923,000 24 10 7 24 Seller's
FL Boca Raton/Delray Beach $1,132,000 $833,000 316 91 111 31 Seller's
FL Brevard County $719,900 $655,000 167 53 38 33 Seller's
FL Broward County $729,000 $610,000 743 184 129 42 Balanced
FL Coastal Pinellas County $1,200,000 $1,100,000 176 64 52 20 Seller's
FL Ft. Lauderdale $2,600,000 $2,800,000 132 23 12 67 Buyer's
FL Jacksonville Beaches $1,150,000 $1,227,500 37 11 16 34 Seller's
FL Lee County $850,000 $744,500 455 103 98 21 Seller's
FL Marco Island $1,699,500 $1,527,500 66 18 18 48 Seller's
FL Miami $1,534,500 $1,262,500 1378 263 144 91 Buyer's
FL Naples $2,337,500 $2,100,000 294 73 82 28 Seller's
FL Orlando $566,500 $566,500 260 79 81 30 Seller's
FL Palm Beach Towns $1,695,000 $1,938,814 271 60 38 36 Buyer's
FL Sarasota & Beaches $1,695,000 $1,500,000 263 65 79 28 Seller's
FL South Pinellas County $1,100,000 $987,500 251 72 76 24 Seller's
FL South Walton $1,600,000 $1,193,500 201 40 24 36 Buyer's
FL Tampa $977,000 $775,000 204 85 97 6 Seller's
GA Atlanta $749,673 $604,050 530 209 155 14 Seller's
GA Duluth - - - - - - -
HI Island of Hawaii $1,799,500 $1,450,000 46 7 19 28 Seller's
HI Kauai $1,737,500 $1,425,000 38 10 9 10 Seller's
HI Maui $2,047,450 $1,562,500 82 21 24 81 Seller's
HI Oahu $1,222,500 $900,000 440 100 79 31 Balanced
IA Des Moines - - - - - - -
ID Ada County $598,900 $589,000 $47 $19 $15 $21 Seller's
ID Northern Idaho - - - - - - -
IL Chicago $1,200,000 $899,500 888 367 184 23 Balanced
IL DuPage County $649,900 $663,500 $21 $13 $14 $13 Seller's
IL Lake County - - - - - - -
IL Will County - - - - - - -
IN Hamilton County - - - - - - -
KS Johnson County $635,709 $604,975 148 39 38 7 Seller's
18. – LUXURY MONTHLY MARKET REVIEW –
ATTACHED HOMES
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian
cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
MA Cape Cod $895,000 $952,000 31 7 10 12 Seller's
MA Greater Boston $2,550,000 $1,865,000 425 147 88 21 Balanced
MA South Shore $819,900 $799,000 11 7 9 25 Seller's
MD Anne Arundel County $569,990 $575,000 $67 $33 $56 $7 Seller's
MD Frederick County - - - - - - -
MD Howard County $615,000 $615,000 17 12 36 5 Seller's
MD Montgomery County $828,253 $749,990 $58 $36 $73 $7 Seller's
MD Talbot County - - - - - - -
MD Worcester County $695,000 $611,500 $61 $28 $39 $12 Seller's
MI Livingston County - - - - - - -
MI Monroe County - - - - - - -
MI Oakland County $699,450 $550,000 72 30 17 7 Seller's
MI Washtenaw County $699,000 $612,498 55 18 20 12 Seller's
MI Wayne County $688,530 $587,000 $84 $33 $17 $15 Balanced
MN Olmsted County - - - - - - -
MN Twin Cities - - - - - - -
MO Kansas City - - - - - - -
MO St. Louis - - - - - - -
NC Asheville $804,250 $750,000 42 5 15 7 Seller's
NC Charlotte $645,770 $610,000 194 75 82 15 Seller's
NC Lake Norman $617,065 $617,500 $27 $11 $10 $23 Seller's
NC Raleigh-Durham - - - - - - -
NJ Bergen County $1,199,000 $1,054,122 155 53 31 38 Balanced
NJ Hudson County $1,430,000 $1,325,000 133 65 37 9 Seller's
NJ Morris County $679,900 $613,250 63 40 50 16 Seller's
NJ Ocean County $1,044,950 $799,000 $64 $21 $19 $48 Seller's
NM Taos - - - - - - -
NV Lake Tahoe $1,397,000 $950,350 $24 $7 $4 $62 Balanced
NV Las Vegas - - - - - - -
NV Reno - - - - - - -
NY Finger Lakes - - - - - - -
NY Nassau County $1,571,500 $1,672,000 100 33 14 68 Buyer's
NY Staten Island $609,999 $595,000 83 31 27 40 Seller's
NY Suffolk County $750,000 $595,000 $130 $44 $55 $28 Seller's
OH Cincinnati - - - - - - -
OH Cleveland Suburbs - - - - - - -
OH Columbus $673,911 $587,666 99 30 26 34 Seller's
ON GTA - Durham $839,000 $817,000 43 46 40 7 Seller's
19. – LUXURY MONTHLY MARKET REVIEW –
ATTACHED HOMES
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian
cites are shown in Canadian Dollars.
State Market Name
Median
List Price
Median
Sold Price Inventory
New
Listings Sold
Days on
Market
Market
Status
ON GTA - York $819,500 $799,999 244 249 157 11 Seller's
ON Hamilton $889,900 $950,000 24 21 9 18 Seller's
ON Mississauga $999,000 $930,000 123 108 102 7 Seller's
ON Oakville $1,439,000 $1,027,500 27 17 12 19 Seller's
ON Toronto $1,298,000 $1,100,000 946 728 371 10 Seller's
ON Waterloo Region $779,900 $757,750 $43 $26 $22 $11 Seller's
OR Portland $730,000 $655,000 238 98 57 14 Seller's
QC Montreal - - - - - - -
SC Charleston $1,179,900 $1,025,000 91 39 49 5 Seller's
SC Hilton Head $1,212,500 $900,000 $24 $8 $19 $13 Seller's
SC The Grand Strand $550,000 $529,900 197 82 73 58 Seller's
TN Greater Chattanooga - - - - - - -
TN Knoxville - - - - - - -
TN Nashville $799,900 $687,500 202 59 64 9 Seller's
TX Austin $845,000 $800,000 $377 $115 $53 $28 Buyer's
TX Collin County - - - - - - -
TX Dallas $795,999 $650,000 $161 $69 $59 $12 Seller's
TX Denton County - - - - - - -
TX El Paso - - - - - - -
TX Fort Worth - - - - - - -
TX Greater Tyler - - - - - - -
TX Houston $615,250 $585,000 98 50 35 18 Seller's
TX Lubbock - - - - - - -
TX San Angelo - - - - - - -
TX San Antonio $800,000 $722,500 45 9 4 65 Buyer's
TX The Woodlands & Spring - - - - - - -
UT Park City $1,809,000 $2,265,000 78 16 19 36 Seller's
UT Salt Lake City $649,900 $565,000 127 55 58 15 Seller's
VA Arlington & Alexandria $1,109,500 $1,003,500 64 43 91 6 Seller's
VA Charlottesville $589,000 $582,915 47 18 19 4 Seller's
VA Fairfax County $805,270 $705,000 $115 $69 $187 $5 Seller's
VA McLean & Vienna $1,190,475 $965,000 30 10 14 7 Seller's
VA Richmond $558,228 $557,493 80 24 30 15 Seller's
VA Smith Mountain Lake - - - - - - -
WA King County $1,299,500 $1,000,000 258 120 99 14 Seller's
WA Seattle $1,543,000 $1,325,000 136 65 36 24 Seller's
WA Spokane - - - - - - -