Luxury Real Estate Market Report

The Oahu luxury real estate market ended the year with a little more activity among luxury homes and a surge in median price of luxury condos. 

Luxury home prices are expected to increase throughout 2025 faster than their non-luxury counterparts for the first time in years, according to various housing predictions for 2025.

In the latest reports, the average home sale price in Naples has increased by 2.7% year-over-year.

Supply is on the rise in one of Canada’s largest cities, but not across all price ranges, according to the Calgary Real Estate Board (CREB).

Though home sales decreased slightly throughout Canada in 2024, the Canadian Real Estate Association (CREA) predicts home sale activity to increase in the second quarter of 2025.

With increasing housing inventory, stabilizing mortgage rates, and job market additions, home sales are expected to increase throughout the 2025 and 2026 real estate markets, according to NAR Chief Economist Lawrence Yun. 

After September’s slowdown in Oahu luxury real estate, both the luxury home and luxury condo markets recovered well, with a 40% and 100% increase in sales volume, respectively. 

Demand for luxury homes across Canada remains resilient amid wavering consumer confidence, with Calgary’s luxury real estate market surpassing the rest of Canada’s major cities in Q3 2024.

September marked a slowdown in Oahu luxury real estate, but this is not uncommon for Oahu luxury real estate.

As prices stabilize across Canada’s luxury real estate markets, the fall of 2024 is predicted to see an increase in luxury home sales in all major cities across the country, according to Royal LePage® experts.

Luxury home sales across the United States are improving in the first half of 2024 thanks to a well-performing stock market.

The Palm Springs real estate market continues to heat up, with home prices on the rise and inventory dwindling, signaling a strong seller’s market that could lead to further price increases in the coming weeks.

Calgary’s housing market is beginning to shift away from the intense sellers’ conditions of spring, as easing sales and an increase in supply signal a gradual move towards more balanced conditions, according to a recent report from CREB.

Despite market adjustments, the demand for luxury properties remains steady signaling an optimistic second half ahead for the 2024 luxury real estate market, according to recent reports.

For the fifth month in a row, median price of luxury single-family homes has increased, reaching the highest median price since September 2023.

Home prices in Naples, Florida increased year-over-year, according to a Market Report for Naples, Florida from Achieve Realty.  

Both the median sale price and the average sale price increased year-over-year for the Highlands, NC residential real estate market in June 2024. 

Sunny locations attracted the most luxury buyers in 2023, according to findings from Knight Frank’s Prime International Residential Index, and outlined in their 2024 Wealth Report.