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 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.
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%.
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 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.”
• 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%).
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.
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.
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%.
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 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.”
• 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%).
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.
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.
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.
Things to Consider When Buying a Home Spring 2023 in ChicagoTammy Jackson
Buying a home is an exciting process, but it can also be overwhelming. There are many factors to consider when buying a home — things from the condition of the house to neighborhood safety, to whether you're even ready for homeownership. In this presentation, we'll walk through some things to keep in mind when buying your first home or upgrading to your next one.
Things to Consider When Buying a Home - Spring 2023 EditionTom Blefko
Buying a new home can be a complicated process. This guide will inform you and answer many of your questions about buying a home in the Spring of 2023.
Annie Williams Market Trends March-April 2015Jon Weaver
As we’ve mentioned many times, inventory of single-family, re-sale homes, condos and rentals in San Francisco is very low. Fortunately, there are a slew of new buildings in
some stage of planning or construction. At last count, we identified 23 new condo projects around the city. There have been or will shortly be 2,498 new condo/loft units on the market. There are 141 more units in the proposal stage.
This should alleviate some of the pricing pressure in San Francisco.
November 2010 Real estate market watch is a monthly report provided by Todd Menard of the Menard & Rohn Real Estate Group. Todd Menard is the Founder of Partners in Housing
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
5 Reasons To Sell Your Home This WinterGina Madeya
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles.
Here are five reasons listing your home for sale this winter makes sense.
If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options! 1-425-495-0926
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/
YouTube Channel: https://www.youtube.com/@LynneMacfarlaneHomes/videos
Facebook Page: https://www.facebook.com/LynneMacFarlaneHomes
Instagram: https://www.instagram.com/lynnemacfarlanerealtor/
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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
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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.
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.
Things to Consider When Buying a Home Spring 2023 in ChicagoTammy Jackson
Buying a home is an exciting process, but it can also be overwhelming. There are many factors to consider when buying a home — things from the condition of the house to neighborhood safety, to whether you're even ready for homeownership. In this presentation, we'll walk through some things to keep in mind when buying your first home or upgrading to your next one.
Things to Consider When Buying a Home - Spring 2023 EditionTom Blefko
Buying a new home can be a complicated process. This guide will inform you and answer many of your questions about buying a home in the Spring of 2023.
Annie Williams Market Trends March-April 2015Jon Weaver
As we’ve mentioned many times, inventory of single-family, re-sale homes, condos and rentals in San Francisco is very low. Fortunately, there are a slew of new buildings in
some stage of planning or construction. At last count, we identified 23 new condo projects around the city. There have been or will shortly be 2,498 new condo/loft units on the market. There are 141 more units in the proposal stage.
This should alleviate some of the pricing pressure in San Francisco.
November 2010 Real estate market watch is a monthly report provided by Todd Menard of the Menard & Rohn Real Estate Group. Todd Menard is the Founder of Partners in Housing
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
5 Reasons To Sell Your Home This WinterGina Madeya
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles.
Here are five reasons listing your home for sale this winter makes sense.
If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options! 1-425-495-0926
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/
YouTube Channel: https://www.youtube.com/@LynneMacfarlaneHomes/videos
Facebook Page: https://www.facebook.com/LynneMacFarlaneHomes
Instagram: https://www.instagram.com/lynnemacfarlanerealtor/
LinkedIn: https://www.linkedin.com/in/lynnemacfarlane/
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/
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/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
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.
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
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.
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.
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
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/
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
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/
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/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
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. "An increase in new listings has
opened the door for this uptick in
sold properties."
5. 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.
As we noted last month, an increase in new listings has opened the door for this uptick in sold
properties. This would not be the outcome, especially at this time of year, if the market was moving
in a downward trajectory.
Other statistical parameters are also showing growth indications. The median sold price rose year-
over-year just under 2% for single-family homes and over 5.3% for attached properties. The sold-
price-to-list-price ratio also increased slightly by 0.2% to 98.2% for single-family homes and
0.6% to 99.0% for attached properties.
It is important to reiterate that these are not month-over-month increases, nor should there be
an expectation of growth at this time of year. However, importantly, what has happened is a much
NORTH AMERICAN LUXURY REVIEW
6. slower rate in the slowdown of sales and new inventory than typically expected in November. This,
again, is a positive indicator of seller and buyer optimism.
Interest Rates Trend Down
This turn of events has also been bolstered by the much-publicized decreases in interest rates over
the last month. Not because the rate has decreased significantly, but for the first time since March
2022, there is a definite indication of a halt in the rise of mortgage costs.
So, the big question is will interest rates fall in 2024?
Fannie Mae forecasts that rates will drop from 7.6% to 7.1% during 2024. The National Association
of Realtors is slightly more optimistic, with predictions of 7.5% in Quarter 1 and 6.3% in Quarter 4.
The Mortgage Bankers Association predicts an even lower rate of 6.1% by the end of 2024.1
In Canada, rates are predicted to fall even further. Currently around 7.2%, the Prime Rate is
expected to drop as low as 5.95% by the end of 2024. However, much of this depends on whether
the Canadian government can reach its target of a 2% inflation rate.2
As economists continue to feel optimistic that interest rate hikes are done, especially after recent
rate falls and signs of slowing inflation, it will still be the right combination of factors that will
ultimately control the speed of the market’s recovery.
Controlling Factors
Rising inventory, lower mortgage rates, and economic stability are the factors that will see buyers
and sellers return to the market. More inventory would ease the upward pressure on home prices.
However, if mortgage rates drop too fast, demand is likely to surge, which would likely result in
prices rebounding again.
Keith Gumbinger, Vice President at mortgage website HSH.com, shared a sentiment that many
7. would agree would be the best solution for controlling the market’s comeback. “Better that rate
reductions happen at a metered pace, incrementally improving buyer opportunities over a stretch
of time, rather than all at once.”
He adds that mortgage rates returning to a more “normal” upper 4% to lower 5% range would also
help the housing market, but over time, so it could return to 2014-2019 levels.
However, most experts predict that a surge of inventory is unlikely because many homeowners are
still “locked-in” to even lower mortgage rates and new construction has continued to decrease
despite the demand for new stock.
Consumer Sentiment
Although the year-over-year increases in sales and new inventory levels indicates greater optimism
by buyers and sellers comparatively, which is also certainly responsible for driving some of the
market upticks, this is not to be confused with the current consumer sentiment, which remains
cautious.
Overall, in even the affluent demographic, there continues to be a considered approach to buying
and selling in the luxury market, with little change anticipated, especially in the first quarter of
2024. Where purchasing or selling a home is more often a “want” than a “need,” the affluent are
expected to continue prioritizing searching for properties that offer value for money, are move-in-
ready, and match their lifestyle choices.
A little more inventory would certainly assist in their endeavors, but equally this slower market
affords them the time to assess what is available against their requirements. And often they are
willing to wait for the property that fulfils these goals.
A recent survey by Fannie Mae3
on consumer sentiment indicates it has not changed significantly
as of the end of October 2023. The report reveals that many buyers and sellers are still on the fence.
But then again, perhaps it’s a little too early to expect a significant change in sentiment, given that
trends typically occur before perceptions of the reality catch up.
8. Buy Now or Later?
Ultimately, for those looking to buy using a mortgage in the next year, there are big decisions
to be made. They must choose between waiting for interest rates to decline or buying now and
refinancing later, potentially avoiding a competitive spring season
All signs point to pent-up demand driving up the number of sales if new inventory continues to
enter the market at a faster rate, provided the right type of properties become available.
For those not requiring a mortgage, an increase in new inventory levels could potentially provide
more opportunities to secure their desired property. However, given the pent-up demand, significant
price reductions are unlikely.
This is because, despite increased inventory levels, the number of homes available, especially move-
in-ready homes – which is the number one requirement of many buyers – remains approximately
40% below pre-pandemic levels, according to both the National Association of Realtors and the
Canadian Real Estate Association.
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.
1. https://www.businessinsider.com/personal-finance/will-mortgage-rates-go-down-in-2024#:~:text=Mortgage%20rate%20predictions%202024,-Most%20major%20
forecasts&text=Fannie%20Mae%27s%20forecast%20suggests%20that,by%20the%20end%20of%202024.
2. https://wowa.ca/interest-rate-forecast
3. https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey
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
24
32
34
40
23
16
14 14 15
20
23
24 24
27
29
32
29
23
18
17 16 18
20 20 21
25
0
5
10
15
20
25
30
35
40
45
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV
PRICE
PER
SQUARE
FOOT
$499
$496
$482
$486
$497
$478
$489
$488
$496
$472
$491
$487
$508
$408
$391
$379
$405
$401
$398
$418
$407
$394
$403
$399
$414
$426
$0
$100
$200
$300
$400
$500
$600
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
$1,500,000
$1,700,000
$1,900,000
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV
10. – LUXURY MONTHLY MARKET REVIEW –
• Official Market Type: Seller's with a 21.14% Sales Ratio.1
• Homes are selling for an average of 98.19% of list price.
• The median luxury threshold2
price is $925,000, and the median luxury home sales price
is $1,300,000.
• Markets with the Highest Median Sales Price: Telluride ($5,675,000), Vail ($5,400,000),
Los Angeles Beach Cities ($4,200,000), and Park City, UT ($3,900,000).
• Markets with the Highest Sales Ratio: East Bay, CA (94%), Baltimore City (62%), St. Louis
(61%), and Cleveland Suburbs (56%).
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 $1,550,000 $1,592,500
Median Sale Price $1,275,000 $1,300,000
Median SP/LP Ratio 98.00% 98.19%
Total Sales Ratio 22.76% 21.14%
Median Price per Sq. Ft. $408 $426
Total Inventory 51,767 58,534
New Listings 12,133 14,693
Total Sold 11,780 12,375
Median Days on Market 24 24
Average Home Size 3,270 3,261
A Review of Key Market Differences Year over Year
November 2022 | November 2023
Median prices represent properties priced above respective city benchmark prices.
November 2023
November 2022 November 2023
November 2022
SINGLE-FAMILY HOMES MARKET SUMMARY | NOVEMBER 2023
New Listings Total Sold
595
Med. Sale Price
$
25,000
2,560
Days on Market
0
Sales Ratio
1.62%
11. • Official Market Type: Balanced Market with a 18.63% Sales Ratio.1
• Attached homes are selling for an average of 99.00% of list price.
• The median luxury threshold2
price is $700,000, and the median attached luxury sale price
is $887,000.
• Markets with the Highest Median Sales Price: Vail ($3,000,000), Whistler ($2,880,000),
Maui ($2,604,550), and Ft. Lauderdale ($2,550,000).
• Markets with the Highest Sales Ratio: Howard County, MD (150%), Rockingham County,
NH (82%), Morris County, NJ (75%), and Orange County, CA (73%).
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 $950,000 $939,850
Median Sale Price $842,000 $887,000
Median SP/LP Ratio 98.40% 99.00%
Total Sales Ratio 20.40% 18.63%
Median Price per Sq. Ft. $499 $508
Total Inventory 16,317 20,311
New Listings 4,418 5,711
Total Sold 3,328 3,784
Median Days on Market 27 25
Average Home Size 1,882 1,893
– LUXURY MONTHLY MARKET REVIEW –
Median prices represent properties priced above respective city benchmark prices.
A Review of Key Market Differences Year over Year
November 2022 | November 2023
November 2023
November 2022 November 2023
November 2022
ATTACHED HOMES MARKET SUMMARY | NOVEMBER 2023
ATTACHED HOMES
New Listings
1,293
Total Sold
456
Med. Sale Price
$
45,000
Days on Market
2
Sales Ratio
1.77%
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 $1,135,000 $975,950 591 287 182 32 Seller's
AZ Chandler and Gilbert $1,094,000 $1,075,000 179 67 55 46 Seller's
AZ Flagstaff $1,586,000 $1,300,000 100 28 15 90 Balanced
AZ Mesa $899,500 $840,000 191 49 40 35 Balanced
AZ Paradise Valley $5,485,000 $3,150,000 165 36 16 34 Buyer's
AZ Phoenix $899,000 $837,500 852 271 187 43 Seller's
AZ Scottsdale $2,225,000 $1,550,000 829 192 148 40 Balanced
AZ Tucson $700,000 $640,030 960 299 183 14 Balanced
BC Mid Vancouver Island - - - - - - -
BC Okanagan Valley $1,798,888 $1,602,500 983 106 30 57 Buyer's
BC Vancouver $4,298,000 $3,691,500 1179 214 56 24 Buyer's
BC Victoria $2,249,000 $2,400,000 177 47 18 36 Buyer's
BC Whistler $5,800,000 $3,250,000 59 8 3 55 Buyer's
CA Central Coast $2,962,500 $2,512,500 218 54 50 20 Seller's
CA East Bay $2,200,000 $1,903,500 267 91 252 12 Seller's
CA Greater Palm Springs $1,850,000 $1,650,000 488 153 73 35 Buyer's
CA Lake Tahoe $2,491,500 $1,800,000 184 24 30 42 Balanced
CA Los Angeles Beach Cities $5,950,000 $4,200,000 399 104 55 38 Buyer's
CA Los Angeles City $4,995,000 $3,710,000 678 177 86 34 Buyer's
CA Los Angeles The Valley $2,697,000 $2,110,000 630 208 135 28 Seller's
CA Marin County $3,322,500 $3,150,000 80 12 31 22 Seller's
CA Napa County $3,895,000 $2,495,500 123 6 4 187 Buyer's
CA Orange County $3,199,900 $2,200,000 871 257 321 21 Seller's
CA Placer County $1,156,250 $1,067,500 234 45 58 22 Seller's
CA Sacramento $976,676 $890,000 561 162 170 20 Seller's
CA San Diego $2,498,389 $1,925,000 824 275 251 15 Seller's
CA San Francisco $4,750,000 $3,500,000 113 16 53 21 Seller's
CA San Luis Obispo County $1,762,500 $1,395,000 204 44 47 40 Seller's
CA Silicon Valley $4,664,432 $3,202,500 372 138 198 9 Seller's
CA Sonoma County $2,449,500 $1,850,000 216 23 33 48 Balanced
CA Ventura County $2,399,000 $1,700,000 234 60 61 41 Seller's
CO Aspen - - - - - - -
CO Boulder $2,187,000 $1,691,000 254 45 48 77 Balanced
CO Colorado Springs $942,000 $869,000 460 65 87 21 Balanced
CO Denver $1,689,000 $1,397,500 685 136 168 24 Seller's
CO Douglas County $1,325,000 $1,172,250 350 61 68 29 Balanced
CO Durango $1,495,000 $1,249,500 105 10 24 63 Seller's
CO Summit County $3,012,500 $1,978,200 66 10 11 99 Balanced
CO Telluride $5,995,000 $5,675,000 93 8 5 211 Buyer's
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 Vail $6,995,000 $5,400,000 79 3 9 59 Buyer's
CT Central Connecticut $695,000 $650,000 359 80 153 8 Seller's
CT Coastal Connecticut $2,399,999 $1,700,000 457 87 137 26 Seller's
DC Washington D.C. $3,500,000 $2,884,000 53 10 14 51 Seller's
DE Sussex County Coastal $1,550,000 $1,374,186 141 28 30 5 Seller's
FL Boca Raton/Delray Beach $2,777,500 $1,725,000 604 150 61 23 Buyer's
FL Brevard County $820,000 $750,000 455 131 113 23 Seller's
FL Broward County $1,749,999 $1,500,000 753 209 78 48 Buyer's
FL Coastal Pinellas County $2,195,000 $1,885,000 151 44 18 15 Buyer's
FL Ft. Lauderdale $5,295,000 $3,550,000 223 27 9 88 Buyer's
FL Jacksonville Beaches $1,322,199 $1,275,000 384 91 67 33 Balanced
FL Lee County $1,350,000 $1,300,000 1073 289 73 41 Buyer's
FL Marco Island $2,699,000 $1,925,000 169 47 9 102 Buyer's
FL Miami $1,999,999 $1,345,000 1210 266 95 71 Buyer's
FL Naples $5,497,000 $3,349,000 510 114 19 19 Buyer's
FL Orlando $1,200,000 $1,200,000 932 245 154 15 Balanced
FL Palm Beach Towns $4,274,500 $2,990,100 354 85 23 71 Buyer's
FL Sarasota & Beaches $2,700,000 $2,000,000 502 131 37 25 Buyer's
FL South Pinellas County $1,545,000 $1,322,000 385 128 69 21 Balanced
FL South Walton $2,499,900 $2,250,000 625 96 41 51 Buyer's
FL Tampa $737,000 $700,000 1330 388 323 23 Seller's
GA Atlanta $1,650,000 $1,250,000 781 227 147 7 Balanced
GA Duluth $1,592,500 $2,250,000 18 9 1 100 Buyer's
HI Island of Hawaii $1,975,000 $1,435,500 205 35 18 48 Buyer's
HI Kauai $2,750,000 $1,850,000 75 14 9 59 Buyer's
HI Maui $3,650,000 $2,625,000 145 29 14 149 Buyer's
HI Oahu $2,872,500 $2,385,000 230 50 31 30 Buyer's
IA Greater Des Moines $650,000 $619,344 469 73 65 27 Buyer's
ID Ada County $784,950 $735,000 604 196 189 22 Seller's
ID Northern Idaho $1,749,740 $1,497,000 348 43 43 82 Buyer's
IL Chicago $1,499,450 $1,370,000 592 162 173 16 Seller's
IL DuPage County $1,250,000 $950,000 227 62 82 17 Seller's
IL Lake County $1,299,000 $890,000 250 63 74 16 Seller's
IL Will County $689,900 $590,750 263 91 98 20 Seller's
IN Hamilton County $850,000 $783,500 190 54 74 11 Seller's
KS Johnson County $840,545 $856,468 506 68 130 18 Seller's
MA Cape Cod $2,354,500 $1,800,000 166 31 35 29 Seller's
MA Greater Boston $3,995,000 $2,522,500 163 30 30 20 Balanced
MA South Shore $1,850,000 $1,400,000 59 10 25 21 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
MD Anne Arundel County $1,000,000 $926,000 180 51 83 8 Seller's
MD Baltimore City $1,100,000 $905,000 21 3 13 10 Seller's
MD Baltimore County $999,747 $952,500 135 36 34 12 Seller's
MD Frederick County $887,450 $849,990 70 17 23 8 Seller's
MD Howard County $1,200,000 $975,000 60 15 29 8 Seller's
MD Montgomery County $1,999,225 $1,515,000 184 57 65 12 Seller's
MD Talbot County $2,995,000 $1,500,000 35 7 7 5 Balanced
MD Worcester County $987,450 $1,050,000 50 13 11 13 Seller's
MI Grand Traverse $1,292,500 $909,500 74 13 12 32 Balanced
MI Livingston County $750,000 $695,000 86 17 18 46 Balanced
MI Monroe County $690,000 $710,000 27 10 3 34 Buyer's
MI Oakland County $765,000 $648,995 766 244 188 16 Seller's
MI Washtenaw County $950,000 $720,000 149 37 47 9 Seller's
MI Wayne County $769,000 $620,000 177 52 61 14 Seller's
MN Olmsted County $849,900 $814,900 73 8 19 36 Seller's
MN Twin Cities $1,250,000 $1,060,000 762 146 147 22 Balanced
MO Kansas City $699,000 $690,250 1501 210 370 19 Seller's
MO St. Louis $775,000 $655,000 106 33 65 6 Seller's
NC Asheville $1,125,000 $950,000 282 56 75 24 Seller's
NC Charlotte $1,192,500 $940,000 578 173 217 5 Seller's
NC Lake Norman $1,312,500 $964,000 198 59 61 10 Seller's
NC Raleigh-Durham $1,225,000 $989,949 510 119 183 4 Seller's
NH Rockingham County $1,637,500 $1,375,000 72 17 29 12 Seller's
NJ Bergen County $2,473,000 $1,705,000 218 48 38 27 Balanced
NJ Hudson County $1,499,000 $1,950,000 25 9 3 8 Buyer's
NJ Morris County $1,700,000 $1,297,500 111 29 40 15 Seller's
NJ Ocean County $992,000 $860,000 470 130 112 27 Seller's
NM Taos $1,297,500 $1,086,400 66 5 9 102 Buyer's
NV Lake Tahoe $3,499,000 $2,262,500 85 11 10 106 Buyer's
NV Las Vegas $1,790,000 $1,416,288 636 171 86 29 Buyer's
NV Reno $2,047,500 $1,775,000 134 12 20 61 Buyer's
NY Finger Lakes $1,595,000 $950,000 22 2 9 7 Seller's
NY Nassau County $1,800,000 $1,472,500 628 138 130 43 Balanced
NY Staten Island $1,199,500 $1,135,000 136 28 32 80 Seller's
NY Suffolk County $1,975,000 $1,270,000 915 155 133 43 Buyer's
NY Westchester County $2,092,500 $1,497,000 328 62 110 21 Seller's
OH Cincinnati $845,900 $675,050 221 40 64 5 Seller's
OH Cleveland Suburbs $824,650 $740,000 32 10 18 41 Seller's
OH Columbus $849,450 $744,950 520 141 180 14 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 - Durham $1,699,450 $1,510,000 276 133 43 20 Balanced
ON GTA - York $2,488,000 $1,888,000 702 326 139 21 Balanced
ON Hamilton $1,937,400 $1,662,500 276 92 24 30 Buyer's
ON Mississauga $2,999,900 $2,550,000 181 57 9 20 Buyer's
ON Oakville $2,999,450 $2,305,000 166 53 23 30 Buyer's
ON Toronto $3,888,000 $3,221,500 602 232 70 20 Buyer's
ON Waterloo Region $1,399,500 $1,300,000 226 108 38 23 Balanced
OR Portland $1,299,999 $1,185,450 717 137 118 32 Balanced
SC Charleston $1,800,000 $1,485,000 531 136 118 19 Seller's
SC Hilton Head $1,995,000 $1,600,000 279 46 61 22 Seller's
SC The Grand Strand $879,900 $827,475 431 112 86 88 Balanced
TN Greater Chattanooga $907,500 $917,500 248 53 48 17 Balanced
TN Knoxville $974,950 $875,000 168 41 58 9 Seller's
TN Nashville $1,799,999 $1,253,250 856 203 179 15 Balanced
TX Austin $1,246,000 $952,750 1148 251 182 43 Balanced
TX Collin County $748,000 $702,969 1275 367 351 27 Seller's
TX Dallas $1,349,000 $1,150,000 568 177 152 18 Seller's
TX Denton County $799,000 $705,000 1131 294 251 35 Seller's
TX El Paso $629,000 $615,000 230 46 40 37 Balanced
TX Fort Worth $897,450 $792,150 1072 291 222 24 Balanced
TX Greater Tyler $699,000 $634,500 256 59 16 25 Buyer's
TX Houston $949,999 $913,500 1183 372 220 15 Balanced
TX Lubbock $649,000 $720,000 179 51 23 113 Buyer's
TX San Angelo $681,250 $580,000 58 16 12 69 Balanced
TX San Antonio $791,895 $730,000 793 175 111 36 Buyer's
TX The Woodlands & Spring $799,423 $720,000 240 78 60 16 Seller's
UT Park City $4,799,000 $3,900,000 167 15 26 80 Balanced
UT Salt Lake City $1,202,950 $1,050,000 500 100 111 38 Seller's
UT Washington County $1,375,000 $1,300,000 199 28 29 46 Buyer's
VA Arlington & Alexandria $2,134,000 $1,930,150 92 27 29 17 Seller's
VA Charlottesville $1,261,450 $1,060,000 136 27 29 5 Seller's
VA Fairfax County $2,224,500 $1,490,000 330 82 86 8 Seller's
VA McLean & Vienna $2,949,900 $1,850,000 155 35 27 10 Balanced
VA Richmond $824,975 $802,925 450 100 152 8 Seller's
VA Smith Mountain Lake $1,770,000 $1,450,000 44 11 8 6 Balanced
WA King County $2,099,475 $1,699,000 680 203 332 11 Seller's
WA Seattle $2,050,000 $1,650,000 183 57 92 9 Seller's
WA Spokane $1,150,000 $988,000 149 34 24 26 Balanced
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 $797,000 $685,000 178 59 30 27 Balanced
AZ Chandler and Gilbert - - - - - - -
AZ Flagstaff - - - - - - -
AZ Mesa - - - - - - -
AZ Paradise Valley - - - - - - -
AZ Phoenix - - - - - - -
AZ Scottsdale $852,500 $722,969 232 62 58 36 Seller's
AZ Tucson - - - - - - -
BC Mid Vancouver Island - - - - - - -
BC Okanagan Valley - - - - - - -
BC Vancouver $1,889,000 $1,724,000 1065 285 62 27 Buyer's
BC Victoria $949,800 $935,000 191 81 37 26 Balanced
BC Whistler $2,522,500 $2,880,000 60 19 8 72 Buyer's
CA Central Coast $1,199,000 $1,220,000 48 13 9 13 Balanced
CA East Bay $1,199,000 $1,077,000 125 54 69 11 Seller's
CA Greater Palm Springs - - - - - - -
CA Lake Tahoe $1,950,000 $1,075,000 37 11 16 29 Seller's
CA Los Angeles Beach Cities $1,995,000 $1,665,000 153 47 49 27 Seller's
CA Los Angeles City $1,700,000 $1,500,000 411 117 79 25 Balanced
CA Los Angeles The Valley $825,000 $830,000 109 37 53 26 Seller's
CA Marin County $1,170,000 $1,307,500 23 4 10 30 Seller's
CA Napa County - - - - - - -
CA Orange County $1,262,500 $1,080,000 266 106 193 21 Seller's
CA Placer County - - - - - - -
CA Sacramento - - - - - - -
CA San Diego $1,297,250 $1,035,000 352 131 155 14 Seller's
CA San Francisco $2,950,000 $2,200,000 109 9 19 32 Balanced
CA San Luis Obispo County - - - - - - -
CA Silicon Valley $1,711,682 $1,600,000 90 41 58 11 Seller's
CA Sonoma County $829,990 $677,700 16 1 5 42 Seller's
CA Ventura County $775,000 $780,000 93 30 34 39 Seller's
CO Aspen - - - - - - -
CO Boulder $994,250 $845,000 80 15 22 63 Seller's
CO Colorado Springs $547,445 $576,000 40 9 11 12 Seller's
CO Denver $855,000 $820,000 184 39 37 37 Balanced
CO Douglas County $576,000 $562,000 34 14 10 39 Seller's
CO Durango $795,453 $1,022,500 30 2 4 63 Buyer's
CO Summit County $1,224,500 $1,222,500 30 12 8 15 Seller's
CO Telluride $2,312,500 $623,000 36 7 5 82 Buyer'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 Vail $3,625,000 $3,000,000 76 12 8 30 Buyer's
CT Central Connecticut - - - - - - -
CT Coastal Connecticut $899,000 $698,500 122 39 46 22 Seller's
DC Washington D.C. $1,995,000 $1,600,000 240 57 49 16 Balanced
DE Sussex County Coastal $1,187,450 $959,500 30 8 7 11 Seller's
FL Boca Raton/Delray Beach $1,097,000 $727,500 456 135 52 38 Buyer's
FL Brevard County $699,950 $640,000 218 44 24 40 Buyer's
FL Broward County $695,000 $592,500 889 232 104 34 Buyer's
FL Coastal Pinellas County $1,250,000 $1,100,000 213 57 20 24 Buyer's
FL Ft. Lauderdale $2,531,500 $2,550,000 162 23 15 154 Buyer's
FL Jacksonville Beaches $1,164,500 $1,412,500 58 14 12 27 Balanced
FL Lee County $850,000 $850,000 586 137 59 13 Buyer's
FL Marco Island $1,782,500 $1,725,000 64 20 10 25 Balanced
FL Miami $1,500,000 $1,275,000 1651 305 97 81 Buyer's
FL Naples $2,299,000 $2,470,000 401 105 33 54 Buyer's
FL Orlando $560,000 $575,000 343 86 45 31 Buyer's
FL Palm Beach Towns $1,885,000 $2,085,000 351 101 33 46 Buyer's
FL Sarasota & Beaches $1,497,000 $1,294,770 348 161 105 0 Seller's
FL South Pinellas County $1,049,000 $1,215,241 357 124 67 1 Balanced
FL South Walton $1,295,000 $1,575,000 231 42 20 65 Buyer's
FL Tampa $899,000 $719,998 271 91 46 35 Balanced
GA Atlanta $708,575 $650,000 608 182 107 20 Balanced
GA Duluth - - - - - - -
HI Island of Hawaii $2,425,000 $1,242,000 42 13 8 5 Balanced
HI Kauai $1,664,500 $1,592,500 40 12 10 12 Seller's
HI Maui $1,899,450 $2,604,550 146 57 21 963 Buyer's
HI Oahu $1,200,000 $935,000 489 113 64 44 Buyer's
IA Greater Des Moines - - - - - - -
ID Ada County $629,800 $589,030 61 21 12 45 Balanced
ID Northern Idaho - - - - - - -
IL Chicago $1,250,000 $998,500 694 161 122 26 Balanced
IL DuPage County $677,894 $646,250 28 7 14 8 Seller's
IL Lake County - - - - - - -
IL Will County - - - - - - -
IN Hamilton County - - - - - - -
KS Johnson County $640,962 $649,552 158 14 31 15 Balanced
MA Cape Cod $1,050,000 $772,500 37 3 12 24 Seller's
MA Greater Boston $2,399,000 $1,903,000 373 63 59 27 Balanced
MA South Shore $779,450 $829,000 20 8 13 22 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
MD Anne Arundel County $589,945 $580,000 76 37 55 8 Seller's
MD Baltimore City $690,000 $595,000 81 11 23 12 Seller's
MD Baltimore County $684,995 $607,000 18 5 8 20 Seller's
MD Frederick County - - - - - - -
MD Howard County $634,990 $636,510 28 15 42 3 Seller's
MD Montgomery County $831,735 $759,990 80 45 53 10 Seller's
MD Talbot County - - - - - - -
MD Worcester County $698,000 $682,500 111 28 24 24 Seller's
MI Grand Traverse - - - - - - -
MI Livingston County - - - - - - -
MI Monroe County - - - - - - -
MI Oakland County $663,970 $650,000 66 23 25 18 Seller's
MI Washtenaw County $685,000 $895,000 57 6 4 24 Buyer's
MI Wayne County $698,809 $655,000 74 12 6 7 Buyer's
MN Olmsted County - - - - - - -
MN Twin Cities - - - - - - -
MO Kansas City - - - - - - -
MO St. Louis - - - - - - -
NC Asheville $750,000 $613,250 49 8 8 16 Balanced
NC Charlotte $674,900 $604,750 217 44 62 14 Seller's
NC Lake Norman $594,600 $635,000 30 7 6 4 Balanced
NC Raleigh-Durham - - - - - - -
NH Rockingham County $929,900 $1,054,190 45 12 37 4 Seller's
NJ Bergen County $1,241,944 $1,135,738 138 33 20 37 Buyer's
NJ Hudson County $1,381,500 $1,205,000 132 38 22 14 Balanced
NJ Morris County $699,000 $630,000 53 24 40 14 Seller's
NJ Ocean County $990,000 $1,029,900 59 16 29 38 Seller's
NM Taos - - - - - - -
NV Lake Tahoe $1,362,000 $2,000,000 18 4 6 44 Seller's
NV Las Vegas - - - - - - -
NV Reno - - - - - - -
NY Finger Lakes - - - - - - -
NY Nassau County $1,599,000 $1,275,000 87 18 21 45 Seller's
NY Staten Island $628,000 $612,900 93 24 24 53 Seller's
NY Suffolk County $839,000 $645,100 118 38 61 31 Seller's
NY Westchester County - - - - - - -
OH Cincinnati - - - - - - -
OH Cleveland Suburbs - - - - - - -
OH Columbus $697,500 $624,950 117 33 28 4 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 - Durham $854,900 $862,450 38 18 8 14 Seller's
ON GTA - York $815,000 $740,000 405 184 48 22 Buyer's
ON Hamilton $899,900 $1,042,500 46 18 4 30 Buyer's
ON Mississauga $978,000 $962,500 167 86 28 36 Balanced
ON Oakville $1,249,000 $1,770,000 30 23 11 15 Seller's
ON Toronto $1,229,000 $1,155,000 1229 527 142 21 Buyer's
ON Waterloo Region $754,900 $735,000 68 22 5 38 Buyer's
OR Portland $694,000 $630,000 246 45 26 25 Buyer's
SC Charleston $1,300,000 $889,000 124 33 23 28 Balanced
SC Hilton Head $1,099,500 $885,000 32 4 10 47 Seller's
SC The Grand Strand $549,900 $535,000 298 63 37 84 Buyer's
TN Greater Chattanooga - - - - - - -
TN Knoxville - - - - - - -
TN Nashville $762,000 $717,500 287 74 42 28 Buyer's
TX Austin $854,900 $715,000 369 68 33 66 Buyer's
TX Collin County - - - - - - -
TX Dallas $725,000 $635,000 234 65 29 16 Buyer's
TX Denton County - - - - - - -
TX El Paso - - - - - - -
TX Fort Worth - - - - - - -
TX Greater Tyler - - - - - - -
TX Houston $600,000 $585,000 124 42 27 10 Seller's
TX Lubbock - - - - - - -
TX San Angelo - - - - - - -
TX San Antonio $700,000 $1,447,500 39 5 4 322 Buyer's
TX The Woodlands & Spring - - - - - - -
UT Park City $1,875,000 $1,912,500 99 22 22 46 Seller's
UT Salt Lake City $629,750 $539,000 180 54 25 31 Buyer's
UT Washington County - - - - - - -
VA Arlington & Alexandria $1,000,000 $1,050,000 85 28 41 9 Seller's
VA Charlottesville $591,047 $570,393 51 7 19 17 Seller's
VA Fairfax County $794,945 $711,600 142 57 101 7 Seller's
VA McLean & Vienna $1,252,950 $967,000 19 9 9 4 Seller's
VA Richmond $598,868 $565,973 112 33 24 9 Seller's
VA Smith Mountain Lake - - - - - - -
WA King County $1,285,000 $1,012,000 261 65 67 14 Seller's
WA Seattle $1,469,000 $1,075,000 124 26 29 21 Seller's
WA Spokane - - - - - - -