Luxury Real Estate Market Report

Due to the rapid changes in the market, we continue to share statistics that compare last month with the month previous instead of the same month in the previous year. The reduction in luxury home sales from March to April is not an indication of a quiet market but rather a shortage of inventory. There are some neighborhoods with over …

Luxury home sales ruled Teton County’s first-quarter real estate market for 2023, according to recent statistics. 

Luxury home sales across Canada are predicted to increase in the second quarter of 2023.

The real estate market is moving very quickly and comparing a month’s numbers to that of the same month in the previous year is no longer relevant and doesn’t give a clear picture of what is going on.

Statistics show Vancouver’s home market is making a rebound as prices increase across all home types month-over-month.

A strong seller’s market persists across Seattle’s luxury real estate market according to statistics from Realogics Sotheby’s International Realty.

As noted by the Board of Realtor’s report, 2022 was a year of transition for Oahu real estate. Inflation, interest rate hikes, continued low inventory, and other factors drove year-end median prices above those of 2021, while sales and new listings declined.

The Luxury Division at Compass Real Estate just released its Ultra-Luxury Report, an analysis of over 50 real estate markets and their sales of $10 million and above since 2019.

According to the Douglas Elliman Micro Market Reports for December 2022, most real estate markets in Southern California have started to experience a year-over-year decrease in sales. 

“Luxury homes continued to sell quickly and saw a significant increase in price per square foot in November.” Says Oahu Luxury Real Estate Agent and LuxuryHomes.com Affiliate, Caron B Davis.

“There has been a slowdown in luxury home sales but it’s not all doom and gloom.” Says Oahu Luxury Real Estate Agent and LuxuryHomes.com Affiliate, Caron B Davis.

Home sales throughout Toronto and the Greater Toronto Area have slowed but demand for housing continues, according to the September 2022 Stats from the Toronto Regional Real Estate Board.

The Oahu luxury market continues to see low inventory, which has led to decreases in the number of properties sold, according to a recent luxury market update for Oahu, Hawaii.

San Francisco’s real estate market experienced a 7% home pricing decline year-over-year, from September 4th, 2021 to September 4th, 2022 as outlined in a recent report by Redfin.

A decreasing number of sales throughout the Phoenix, Arizona real estate market suggests a cooling-off period, but for how long? 

Singapore’s luxury real estate market reported fewer sales throughout 2022 compared to 2021, however, home prices have increased year over year according to a recent report from List Sotheby’s International Realty, Singapore.

The Turks & Caicos real estate market is starting to slow with decreasing sales in the first half of 2022, but a new buyer-cycle is expected to fuel the market again according to the recent 2nd Quarter Market Report for 2022 by Turks & Caicos Sotheby’s International Realty.

Oahu luxury real estate agent, Caron B Davis, and Luxury Homes Affiliate member summarized the recent real estate statistics for Oahu, Hawaii, with 56 luxury single-family home sales in June.