Luxury Real Estate Market Report

Demand holds strong for Luxury Homes in Q3 as affluent buyers are choosing to make their purchases with all cash offers as a way to avoid higher interest rates being offered in the current market, reports Redfin.

The number of luxury single-family homes remained the same as last month at 29. Median price decreased compared to last month.

Across the 46 Prime Global Cities studied by Knight Frank in their Prime Global Cities Index 2023 Q3 market report, the average annual prices recorded had a growth rate of 2.1% over the last year, from September 2022 until September 2023.

Telluride had 12 Luxury Home Sales above $10M in Q3, according to the Q3 2023 Telluride Real Estate Market Report. Overall, Telluride had 16 single-family home sales in Q3 totaling $84M. In addition, another 36 condo sales totaled another $90M for Q3 of 2023 in Telluride, Colorado.

Even with low inventory and heightened interest rates, home sales across Calgary are noted to be at record highs for September 2023.

Manhattan’s real estate market has shown resilience in the third quarter with a 2% price increase year-over-year.

Luxury single-family home sales increased by 50% over last month to tie with June of this year for the higher number of homes sold since August 2022. Homes sold for the highest median price since January 2019; over 50% of them sold at or above list price, according to Hawaii luxury real estate agent, Caron B Davis, and information from …

Home prices increased across prime urban markets in the second quarter of 2023, with the largest year-over-year increase seen in Dubai, according to Knight Frank’s Prime Global Cities Index for Q2 of 2023.

Overall ultra-luxury real estate sales were down, but certain markets experienced an increase in ultra-luxury home sales, priced at $10M or higher, during the first half of 2023, according to Compass’ 2023 Mid-Year Ultra-Luxury Report.

Supply began to increase across Miami Beaches in the second quarter of 2023, as markets begin to normalize.

According to Engel & Volkers 2023 Mid-Year Canadian Luxury Market Report, luxury real estate markets across some of Canada’s largest centers have continued to show stable growth, and remain strong despite economic uncertainties.

Demand continues for properties within Los Angeles’ luxurious city of Beverly Hills. 

Oahu’s luxury real estate market sales for June 2023 have increased to the highest numbers in 10 months, according to a recent market update from Caron B Realty International.

Denver’s real estate market has been experiencing relatively strong prices year-over-year, with Luxury Homes leading the way.

Home sales and listing prices have increased month-over-month, with the median luxury homes price at its highest since April 2022, according to a recent market update from Caron B Realty International.

Home prices and sales have both increased month-over-month throughout The Greater Toronto Area (GTA’s) residential real estate market due to available inventory not meeting buyer demand.

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.