Bespoke National Market Report - Q1 2022

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NATIONAL MARKET REPORT Q1 2022


THE BESPOKE METHOD

THE MOST EFFECTIVE WAY TO SELL YOUR $10M+ PROPERTY

$8B+

T O TA L $ 1 0 M + TRANSACTIONS

$1.85B+

$10M+ TRANSACTIONS IN 2021

70%

INCREASE IN TRANSACTION QUANTITY IN 2021 VS. 2020


Discover Bespoke’s data-driven method for pairing the world’s finest offerings with their most qualified audiences —and experience unprecedented results.

R E W R I T I N G T H E R U L E S . R E D E F I N I N G A N I N D U S T R Y.

$145M+

TOP BESPOKE TRANSACTION IN 2021

$27M+

AV E R AG E S A L E S P R I C E IN 2021

$175M TOP CURRENT EXCLUSIVE



W H AT S E T S U S A PA R T

The allure of a luxury price point is just the beginning; discover the competitive advantages of our data-driven platform and the unprecedented value afforded to you.

TA I LO R E D F O R $ 1 0 M +

THE BESPOKE METHOD

The first and only firm to focus solely on the $10M+ market, Bespoke delivers tailored expertise and unlocks access to the finest offerings and most qualified audiences worldwide.

The innovative vehicle through which all of our wealth intelligence is funneled, the Bespoke Method precisely pairs the world’s finest offerings with their most qualified audiences for altogether unprecedented results.

NO FRANCHISES NO INDEPENDENT AGENTS

Free from the limitations of the single-agent model, Bespoke delivers the capabilities of our entire ecosystem of companies and services directly to our clients—without the dilution of resources found with traditional brokerages. POWERED BY BESPOKE MARKETING

Bespoke’s creative branding and marketing agency, known for representing the world’s most prestigious brands, builds insightful narratives through compelling, data-driven marketing campaigns for our exclusive properties. W E A LT H I N T E L L I G E N C E

The nucleus of Bespoke’s ecosystem, Bespoke’s Data Division generates the most powerful and applicable wealth intelligence in the industry, acting as the driving force behind our hyper-targeted marketing and sales initiatives.

IMMERSIVE INSIGHT

As purveyors of insight into the world of ultraluxury, we are the sole curator of $10M+ market reports and publications providing real-time, relevant intelligence. P E R P E T U A L LY E X P A N D I N G N E T W O R K

Bespoke’s symbiotic model fuels the perpetual growth of our network of the world’s most qualified individuals, and our coveted UHNW / VHNW database, and the people in their orbit—a value that is passed directly to you. R E S U LT S

With over $8B+ in $10M+ transactions, an amassed $2B+ portfolio of the world’s finest offerings, and an average sales price of over $27M, Bespoke’s datadriven method has shown unprecedented efficacy in the world of ultra-luxury.

and we’re just getting started...


© 2022, Bespoke Real Estate LLC (“Bespoke”), a licensed Real Estate Broker. All rights reserved. No party should act in reliance on this brochure. All transactional data and statistics are powered by Bespoke. BESPOKE DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES AS TO THE RELIABILITY, ACCURACY OR CURRENCY OF ANY INFORMATION, IMAGES AND/OR OTHER CONTENT HEREIN. Bespoke fully supports and complies with the Fair Housing Act, Equal Housing Opportunity Act and related state and local laws that prohibit discrimination.


TA B L E O F C O N T E N T S

02

IN TR O DUCTI O N

09

EXECUTI VE SUMMARY

10

THE HAMPTO N S Q 1 2022 $10M + MAR KET R EPO RT

36

MAN HATTAN Q 1 2022 $10M + MAR KET R EPO RT

50

SO UTH FLO R I DA Q 1 2022 $10M + MAR KET R EPO RT

64

Q 1 2022 $10M + N ATI O N AL MAR KET R EPO RT

66

IN VITATIO N

B E S P O K E V A L U E S I N N O V AT I O N , I N T E G R I T Y, I N S I G H T, A N D I M P E C C A B L E D E L I V E R Y.

Bespoke’s mission is to perpetually elevate industry standards by purposefully breaking rules and innovating new ways to bring value to our clients.


Kilmore Farm, Wainscott, NY Equestrian Compound with Development Capabilities 18.55 Acres+/- | 2,270 SF+/- | 3 Beds | 2F/1H Baths Bespoke Exclusive: $15.95M

8 | LUXURY MARKET INSIGHT


Q 1 2 0 2 2 $ 1 0 M + N AT I O N A L M A R K E T R E P O R T

EXECUTIVE SUMMARY As thought leaders in ultra-luxury real estate, we are proud to present our very first National Market Report, the only report exclusively dedicated to the $10 million+ residential real estate market. Over the last two and a half years, there have been profound, historic changes that have shifted markets across the nation. At each junction point, we at Bespoke have reported how these diverse changes have impacted our local markets of the Hamptons, New York City, and South Florida. However this year, as we delved into our analysis of 2022’s first quarter performance, we saw a grander picture reflected in the whole country, and felt compelled to fill the gap as the first report dedicated to exclusively covering the U.S.’s $10 million+ residential real estate market. At a macro level, the massive increase in the first quarter of 2022 compared to 2021 can be understood as a serendipitous symbiosis of two crucial factors: high inflation and low interest rates. Backtracking to 2020, the economy did technically experience a brief recession with high unemployment, but it lasted only two months—the shortest in U.S. history. Even as the country came out of it, the recession’s impact was just long enough to bring interest rates to the floor by early 2021. Low interest rates, among other factors, led to much of last year’s $10 million+ real estate success, particularly towards the year’s end. It is in this climate that we entered 2022, which incentivized both camps of $10 million+ homeowners: those trading in debt and those trading in cash. For the debt buyer, low interest rates saved them millions of dollars on $10 million+ properties (while interest rates started to creep up for the average consumer in Q1, UHNWIs’ transactional histories tend to enable them to secure discretionary rates). On top of that, increasing inflation means that the value of a fixed-price loan made in Q1 2022 will shrink as the dollar decreases in value over time, while the value of the actual

home rises. For the cash buyer, inflation means their cash is losing value over time, and there are few better inflation hedges than a real estate investment. The micro markets paint the details of this story. Across all states that had $10 million+ sales, there was a 41 percent increase in the number of homes sold compared to Q1 2021, from 346 to 488. Washington state had a 150 percent increase in trades, New York state had 105 percent, and Colorado had 57 percent. Looking at our alpha real estate markets, Hamptons trade volume doubled, from $242 million to $483 million. New York City went from 34 trades in Q1 2021 to 79 in Q1 2022. Florida bucked the typical trend of higher later-year performance across national markets, and in Q1 2022, surpassed quantity and volume of both Q1 and Q4 2021, with 144 trades, or $2.4 billion in sales in a single quarter. In addition to the macro-economic trends the market’s facing, there’s an added, though much simpler, explanation for continued demand in the market: lack of supply. While there are increases in sales, there is not a proportional increase in new inventory. Take South Florida: in Q1 of 2021, turn-key sales made up about 64 percent of all trades, while new construction constituted about 24 percent; in Q1 2022, the proportions were about the same. In other words, the increase in trades is not because so many more ultra-luxury homes were being built that much faster. Rather, the demand for them was so high that homeowners found last year, and as it turns out, early 2022, the perfect time to sell. Join us as we delve into the state of the national real estate market last quarter. H O P E Y O U E N J O Y.

Cody Vichinsky President, Bespoke Companies | 9


THE HAMPTONS $10M+ MARKET

10 | LUXURY MARKET INSIGHT


Mylestone at Meadow Lane, Southampton, NY. Unrivaled Historic, Double Waterfront Estate 8 Acres+/- | 15,521 SF+/- | 11 Beds | 12F/4H Baths Bespoke Exclusive: $175M

B E S P O K E R E A L E S TAT E . C O M | 1 1


105 Jobs Lane, Bridgehampton, NY Private Estate | 1.4 Acres+/11,061 SF+/- | 5 Beds | 7F/3H Baths Bespoke Exclusive: $11.995M

12 | LUXURY MARKET INSIGHT


In Q1 2022, Bespoke facilitated over $132M in listing sales, comprising 27.5% of the total $10M+ market.

15 Seaponack Drive, Sag Harbor, NY Modern Ultra-Private Estate | 2.4 Acres+/7,500 SF+/- | 6 Beds | 5F/1H Baths Bespoke Exclusive: $10.995M

B E S P O K E R E A L E S TAT E . C O M | 1 3


662 & 672 Noyac Path, Water Mill, NY Elegant Compound | 4.6 Acres+/10,000 SF+/- | 7 Beds | 5F/1H Baths Bespoke Exclusive: $16.75M

14 | LUXURY MARKET INSIGHT


B E S P O K E R E A L E S TAT E . C O M | 1 5


Q1 2022 $10M+ HAMPTONS MARKET REPORT

41 Total $10M+ Trades for Q1 2021 & 2022 15 TRADES

2021 2022

73.33%

26 TRADES

The number of first quarter trades rose 73%, from 15 in 2021 to 26 in 2022.

16 | LUXURY MARKET INSIGHT


$ 1 0 M + TOTA L H A M P TO N S S A L E S BY LO C AT I O N

The data shown below includes the 9 locations surveyed within the Hamptons $10M+ real estate market for Q1 2021 & 2022. Q1 2021 TRADES

Q1 2022 TRADES

4

4

*WEST OF THE CANAL

SAG HARBOR

WAINSCOTT

2 TRADES IN 2021 2 TRADES IN 2022

0 TRADES IN 2021 4 TRADES IN 2022

1 TRADES IN 2021 0 TRADES IN 2022

7

7

4

SOUTHAMPTON

BRIDGEHAMPTON

EAST HAMPTON

2 TRADES IN 2021 5 TRADES IN 2022

4 TRADES IN 2021 3 TRADES IN 2022

1 TRADES IN 2021 3 TRADES IN 2022

6

3

5

WAT E R M I L L

SAGAPONACK

A M AG A N S E T T / M O N TAU K

2 TRADES IN 2021 4 TRADES IN 2022

2 TRADES IN 2021 1 TRADES IN 2022

1 TRADES IN 2021 4 TRADES IN 2022

*Includes Westhampton-Hampton Bays

1


Sales of waterfront homes grew 150%, with $77.3M more transacted in Q1 2022 than Q1 2021.

263 Olivers Cove Lane, Water Mill, NY. Waterfront Estate Overlooking Mecox Bay 4.6 Acres+/- | 7,957 SF+/- | 7 Beds | 9F/1H Baths Bespoke Exclusive: $35M

18 | LUXURY MARKET INSIGHT


B E S P O K E R E A L E S TAT E . C O M | 1 9


216 Old Montauk Highway, Montauk, NY. Oceanfront Retreat | 1.5 Acres+/3,000 SF+/- | 3 Beds | 3F/1H Baths Bespoke Co-Exclusive: $22.5M

20 | LUXURY MARKET INSIGHT


271 & 266 Marine Blvd, Amagansett, NY. Oceanfront Compound | 1.79 Acres+/8,756 SF+/- | 11 Beds | 10F/2H Baths Bespoke Co-Exclusive: $34.995M

B E S P O K E R E A L E S TAT E . C O M | 2 1


Q1 2022 $10M+ HAMPTONS MARKET REPORT

+ $725M Total $10M+ Trade Volume for Q1 2021 & 2022 $242M+

2021 2022

↑9 9 . 5 4 %

$483M+

Sales volume nearly doubled between Q1 2022 and Q1 2021, growing 99.54%.

22 | LUXURY MARKET INSIGHT


$ 1 0 M + TOTA L H A M P TO N S S A L E S BY P R I C E P O I N T

The data shown illustrates the total sales quantity and volume within the ultra-luxury real estate market surveyed within the Hamptons for Q1 2021 & 2022. Q1 2022 TRADES

Q1 2021 TRADES

32

1

$10M - $20M

$30M - $40M

$152M Q1 2021 $272M Q2 2022

$0 Q1 2021 $32M Q2 2022

6

2

$20M - $30M

$40M+

$90M Q1 2021 $45M Q2 2022

$0 Q1 2021 $135M Q2 2022


Water Mill was one of the greatest performers in Q1 2022, having sales quantity and volume doubling year over year.

439 Cobb Road, Water Mill, NY. Contemporary Estate | 2 Acres+/12,500 SF+/- | 9 Beds | 8F/3H Baths Bespoke Exclusive: $18.995M

24 | LUXURY MARKET INSIGHT


289 Parsonage Lane & Reserve, Sagaponack, NY. Turn-Key Estate | 12.5 Acres+/12,795 SF+/- | 6 Beds | 6F/3H Baths Bespoke Exclusive: $33M

B E S P O K E R E A L E S TAT E . C O M | 2 5


Southampton trade volume grew by $33.9M between Q1 2022 and Q1 2021, a 106% increase.

26 | LUXURY MARKET INSIGHT


20 Channel Pond Court, Southampton, NY. Estate with Deeded Ocean Access | 2.55 Acres+/5,085 SF+/- | 5 Beds | 3F/1H Baths Bespoke Exclusive: $12.99M

B E S P O K E R E A L E S TAT E . C O M | 2 7


In Q1 2022, Bespoke facilitated 30% of all $10M+ oceanfront trades.

165 Surfside Drive, Bridgehampton, NY. Contemporary Oceanfront Living 1.3 Acres+/- | 4,000 SF+/- | 5 Beds | 5 Baths Bespoke Exclusive: $26.995M

28 | LUXURY MARKET INSIGHT


Water Mill North, NY. Turn-Key Estate | 5.68 Acres+/6,000 SF+/- | 6 Beds | 7F/1H Baths Bespoke Exclusive: $11M

B E S P O K E R E A L E S TAT E . C O M | 2 9


Q1 2022

HAMPTONS $10M+ MARKET

BY PRICE POINT

BY V I N TAG E

BY SETTING

VOLUME

LISTINGS

Q1 2022

VOLUME

LISTINGS

Q1 2021

OCEANFRONT

2

$30,995,000

3

$166,500,000

WATERFRONT

4

$65,295,000

10

$142,600,000

INLAND

9

$145,880,000

13

$174,130,000

TOTAL

15

$242,170,000

26

$483,230,000

NEW CONSTRUCTION

4

$75,435,000

8

$160,895,000

LAND/TEARDOWN

4

$65,345,000

4

$128,250,000

TURN-KEY

7

$101,390,000

14

$194,085,000

TOTAL

15

$242,170,000

26

$483,230,000

$10M - $20M

11

$152,275,000

21

$271,730,000

$20M - $30M

4

$89,895,000

2

$45,000,000

$30M - $40M

0

$0

1

$32,000,000

$40M+

0

$0

2

$134,500,000

TOTAL

15

$242,170,000

26

$483,230,000

30 | LUXURY MARKET INSIGHT


BY LO C AT I O N

VOLUME

LISTINGS

Q1 2022

VOLUME

LISTINGS

Q1 2021

WEST OF THE CANAL

2

$23,350,000

2

$27,200,000

SOUTHAMPTON

2

$31,950,000

5

$65,850,000

WATER MILL

2

$29,995,000

4

$59,035,000

SAG HARBOR

0

$0

4

$55,650,000

BRIDGEHAMPTON

4

$74,435,000

3

$36,595,000

SAGAPONACK

2

$34,945,000

1

$50,000,000

WAINSCOTT

1

$18,500,000

0

$0

EAST HAMPTON

1

$18,000,000

3

$117,250,000

AMAGANSETT/MONTAUK

1

$10,995,000

4

$71,650,000

TOTAL

15

$242,170,000

26

$483,230,000

B E S P O K E R E A L E S TAT E . C O M | 3 1


32 | LUXURY MARKET INSIGHT


2 East Drive, Sag Harbor, NY. New Construction | 2.5 Acres+/11,126 SF+/- | 8 Beds | 10F/1H Baths Bespoke Exclusive: $10.995M

B E S P O K E R E A L E S TAT E . C O M | 3 3


Meadowcroft, Quiogue, NY. Historic Waterfront Mansion | 6.91 Acres+/7,680 SF+/- | 8 Beds | 7F/1H Baths Bespoke Exclusive: $11.995M

34 | LUXURY MARKET INSIGHT


6 Bay View Court, North Haven, NY. Waterfront Compound | 6.5 Acres+/12,000 SF+/- | 6 Beds | 6F/2H Baths Bespoke Exclusive: $49M

B E S P O K E R E A L E S TAT E . C O M | 3 5


MANHATTAN $10M+ MARKET

36 | LUXURY MARKET INSIGHT


100 Barclay Street, PHB, Tribeca, NY Modern Tribeca Penthouse 5,023 SF+/- | 5 Beds | 5F/1H Baths Bespoke Exclusive: $13.495M

B E S P O K E R E A L E S TAT E . C O M | 3 7


Q1 2022 $10M+ M A N H AT TA N M A R K E T R E P O R T

112 Total $10M+ Trades for Q1 2021 & 2022 34 TRADES

2021 2022

132.4%

79 TRADES

The number of first quarter trades rose 132% from 34 in 2021 to 79 in 2022.

38 | LUXURY MARKET INSIGHT


$ 1 0 M + TOTA L M A N H AT TA N S A L E S BY LO C AT I O N

The data shown below includes the 6 of 7 total locations surveyed within the Manhattan $10M+ real estate market for Q1 2021 & 2022. Q1 2022 TRADES

Q1 2021 TRADES

10

7

DOWNTOWN EAST

MIDTOWN WEST

4 TRADES IN 2021 6 TRADES IN 2022

3 TRADES IN 2021 4 TRADES IN 2022

37

40

DOWNTOWN WEST

UPPER EAST SIDE

12 TRADES IN 2021 25 TRADES IN 2022

10 TRADES IN 2021 30 TRADES IN 2022

5

14

MIDTOWN EAST

UPPER WEST SIDE

2 TRADES IN 2021 3 TRADES IN 2022

3 TRADES IN 2021 11 TRADES IN 2022

B E S P O K E R E A L E S TAT E . C O M | 3 9


Sales quantity of single family homes grew 140% between Q1 2021 and Q1 2022, from 25 to 60.

40 | LUXURY MARKET INSIGHT


137 Duane Street 3A, Tribeca, NY Turn-Key Loft 5,498 SF+/- | 3 Beds | 4F/1H Baths Bespoke Exclusive: $13.118M

B E S P O K E R E A L E S TAT E . C O M | 4 1


Q1 2022 $10M+ M A N H AT TA N M A R K E T R E P O R T

+ $2B Total $10M+ Trade Volume for Q1 2021 & 2022 $713M+

2021 2022

63.9%

$1.2B+

First quarter sales volume grew by 63.9% between 2021 and 2022.

42 | LUXURY MARKET INSIGHT


$ 1 0 M + TOTA L M A N H AT TA N S A L E S BY P R I C E P O I N T

The data shown illustrates the total sales quantity and volume within the ultra-luxury real estate market surveyed within Manhattan for Q1 2021 & 2022. Q1 2022 TRADES

Q1 2021 TRADES

95

4

$10M - $20M

$30M - $40M

$315M Q1 2021 $1B Q2 2022

$37M Q1 2021 $100M Q2 2022

11 $20M - $30M $194M Q1 2021 $73M Q2 2022

3 $40M+ $167M Q1 2021 $56M Q2 2022

B E S P O K E R E A L E S TAT E . C O M | 4 3


44 | LUXURY MARKET INSIGHT


15 East 88th Street, Upper East Side, NY Historic Mansion 9,610 SF+/- | 7 Beds | 7F/2H Baths Bespoke Exclusive: $28.8M

B E S P O K E R E A L E S TAT E . C O M | 4 5


Q1 2022

MANHATTAN $10M+ MARKET

BY PRICE POINT

BY V I N TAG E

BY TYPE

VOLUME

LISTINGS

Q1 2022

VOLUME

LISTINGS

Q1 2021

SINGLE FAMILY

25

$419,168,173

60

$837,026,315

TOWNHOUSE

9

$293,992,500

19

$331,657,290

TOTAL

34

$713,160,673

79

$1,168,683,605

NEW CONSTRUCTION

6

$92,212,500

26

$332,001,315

TURN-KEY

28

$620,948,173

53

$836,682,290

TOTAL

34

$713,160,673

79

$1,168,683,605

$10M - $20M

23

$315,110,673

72

$939,833,605

$20M - $30M

8

$194,250,000

3

$72,950,000

$30M - $40M

1

$36,800,000

3

$99,900,000

$40M+

2

$167,000,000

1

$56,000,000

TOTAL

34

$713,160,673

79

46 | LUXURY MARKET INSIGHT

$1,168,683,605


BY LO C AT I O N

VOLUME

LISTINGS

Q1 2022

VOLUME

LISTINGS

Q1 2021

DOWNTOWN EAST

4

$57,450,000

6

$102,115,305

DOWNTOWN WEST

12

$216,541,500

25

$325,734,675

MIDTOWN EAST

2

$39,333,298

3

$41,000,000

MIDTOWN WEST

3

$38,965,875

4

$54,383,831

UPPER EAST SIDE

10

$305,625,000

30

$486,584,583

UPPER WEST SIDE

3

$56,245,000

11

$158,865,211

TOTAL

34

$713,160,673

79

$1,168,683,605

B E S P O K E R E A L E S TAT E . C O M | 4 7


1 W 72nd Street #82-84, New York, NY Historic Central Park West Residence 6,000 SF+/- | 5 Beds | 9 Baths Bespoke Co-Exclusive: $20M

48 | LUXURY MARKET INSIGHT


The Upper West Side continues to lead sales growth, nearly tripling sales volume from $56.3M in Q1 2021 to $156.9M in Q1 2022.

B E S P O K E R E A L E S TAT E . C O M | 4 9


SOUTH FLORIDA $10M+ MARKET

50 | LUXURY MARKET INSIGHT


Waldorf Astoria Miami, Miami, FL. Bespoke Exclusive Collection Price Upon Request

B E S P O K E R E A L E S TAT E . C O M | 5 1


Q1 2022 $10M+ SOUTH FLORIDA MARKET REPORT

183 Total $10M+ Trades for Q1 2021 & 2022 89 TRADES

2021 2022

5.6%

94 TRADES

The number of first quarter trades rose 5.6%, from 89 in 2021 to 94 in 2022.

52 | LUXURY MARKET INSIGHT


$ 1 0 M + TOTA L S O U T H F LO R I DA S A L E S BY LO C AT I O N

The data shown illustrates the total sales quantity and volume within the ultraluxury real estate market surveyed within South Florida for Q1 2021 & 2022. Q1 2021 TRADES

Q1 2022 TRADES

64 PA L M B E A C H C O U N T Y 26 TRADES IN 2021 38 TRADES IN 2022

119 MIAMI-DADE COUNTY 63 TRADES IN 2021 56 TRADES IN 2022

B E S P O K E R E A L E S TAT E . C O M | 5 3


54 | LUXURY MARKET INSIGHT


48% of Q1 2022 sales volume fell in the $10 to $20 million range.

121 Nurmi Drive, Fort Lauderdale, FL Modern New Construction 6,447 SF+/- | 3 Beds | 4F/2H Baths Bespoke Exclusive: $9.775M

B E S P O K E R E A L E S TAT E . C O M | 5 5


Q1 2022 $10M+ SOUTH FLORIDA MARKET REPORT

+ $3.3B Total $10M+ Trade Volume for Q1 2021 & 2022 $ 1 .7 B +

2021 2022

3.5%

$1.6B+

The number of first quarter trades declined 3.5% between 2021 and 2022.

56 | LUXURY MARKET INSIGHT


$ 1 0 M + TOTA L S O U T H F LO R I DA S A L E S BY P R I C E P O I N T

The data shown illustrates the total sales quantity and volume within the ultra-luxury real estate market surveyed within South Florida or Q1 2021 & 2022. Q1 2022 TRADES

Q1 2021 TRADES

134

9

$10M - $20M

$30M - $40M

$906M Q1 2021 $775M Q2 2022

$38M Q1 2021 $269M Q2 2022

32

8

$20M - $30M

$40M+

$419M Q1 2021 $413M Q2 2022

$311M Q1 2021 $158M Q2 2022

B E S P O K E R E A L E S TAT E . C O M | 5 7


The average sales price in Q1 2022 was $17.2 million.

E N V I R O N M E N TA L P R E S E R V E 365 ACRES+/SAND RING 132’ X 230’

(4)GRASS PA D D O C K S 30’X50’

GAZEBO

B R I D L E PAT H

WA

58 | LUXURY MARKET INSIGHT

T

W ER

AY

GROOMS RESIDENC 2,605 SF+/-


15756 Ocean Breeze Lane, Wellington, FL Pre-Completion Equestrian Compound 5.05 Acres+/- | 16,354 SF+/- | 10 Beds | 8F/1H Baths Bespoke Co-Exclusive: $11M

MAIN RESIDENCE 8,088 SF+/-

1 0 S TA L L S TA B L E 9,022 SF+/-

COVERED WALKER 55’ DIAMETER

POND

CE

B E S P O K E R E A L E S TAT E . C O M | 5 9


Q1 2022

SO. FLORIDA $10M+ MARKET

BY TYPE

BY V I N TAG E

BY SETTING

VOLUME

LISTINGS

Q1 2022

VOLUME

LISTINGS

Q1 2021

OCEANFRONT

21

$478,469,000

33

$586,871,994

WATERFRONT

59

$1,034,255,000

45

$769,348,825

INLAND

9

$160,888,959

16

$258,769,075

TOTAL

89

$1,673,612,959

94

$1,614,989,894

NEW CONSTRUCTION

22

$369,830,000

18

$359,328,275

LAND/TEARDOWN

10

$153,045,000

17

$395,130,750

TURN-KEY

57

$1,150,737,959

59

$860,530,869

TOTAL

89

$1,673,612,959

94

$1,614,989,894

SINGLE FAMILY

20

$278,830,000

41

$649,527,694

TOWNHOUSE

69

$1,394,782,959

53

$965,462,200

TOTAL

89

$1,673,612,959

94

$1,614,989,894

60 | LUXURY MARKET INSIGHT


BY PRICE POINT

BY LO C AT I O N

VOLUME

LISTINGS

Q1 2022

VOLUME

LISTINGS

Q1 2021

PALM BEACH COUNTY

26

$654,409,959

38

$668,735,294

MIAMI-DADE COUNTY

63

$1,019,203,000

56

$946,254,600

TOTAL

89

$1,673,612,959

94

$1,614,989,894

$10M - $20M

65

$905,977,959

69

$775,135,200

$20M - $30M

18

$418,735,000

14

$412,719,594

$30M - $40M

1

$37,500,000

8

$268,772,600

$40M+

5

$311,400,000

3

$158,362,500

TOTAL

89

$1,673,612,959

94

$1,614,989,894

B E S P O K E R E A L E S TAT E . C O M | 6 1


62 | LUXURY MARKET INSIGHT


Oceanfront properties comprised 36% of total sales volume in Q1 2022.

2000 S. Ocean Drive, Hallandale Beach, FL An Elevated Escape 6,781 SF+/- | 5 Beds | 6F/1H Baths Bespoke Exclusive: $10M

B E S P O K E R E A L E S TAT E . C O M | 6 3


Q1 2022

ARIZONA

VOLUME %

2022 VOLUME

2021 VOLUME

QUANTITY %

2021 LISTINGS

2021 LISTINGS

NATIONAL $10M+ MARKET

3

4

33.33%

$51,000,000

$49,450,000

-3.13%

CALIFORNIA

122

165

35.25%

$2,034,942,976

$2,832,622,060

39.2%

COLORADO

19

30

57.89%

$290,900,751

$565,895,000

94.53%

CONNECTICUT

4

2

-50.00%

$79,878,720

$22,445,000

-71.9%

DC

0

2

$0

$21,000,000

FLORIDA

107

144

34.58%

$1,849,288,309

$2,366,664,794

27.98%

HAWAII

15

16

6.67%

$231,331,000

$257,430,000

11.28%

IDAHO

1

0

$12,000,000

$0

MASSACHUSETTS

6

5

-16.67%

$81,050,000

$52,950,000

-34.67%

MONTANA

0

1

$0

$12,900,000

64 | LUXURY MARKET INSIGHT


VOLUME %

2022 VOLUME

2021 VOLUME

QUANTITY %

2021 LISTINGS

2021 LISTINGS NEVADA

3

3

0.00%

$46,850,000

$41,400,000

-11.63%

NEW JERSEY

2

1

-50.00%

$20,300,000

$11,500,000

-43.35%

NEW YORK

51

105

105.88%

$943,788,468

$1,651,913,605

75.03%

RHODE ISLAND

1

0

$10,000,000

$0

SOUTH CAROLINA

0

1

$0

$14,000,000

TENNESSEE

2

0

$29,000,000

$0

TEXAS

1

1

0.00%

$21,500,000

$10,800,000

-49.77%

UTAH

7

2

-71.43%

$89,761,819

$40,100,000

-53.33%

WASHINGTON

2

5

150.00%

$28,550,000

$55,880,000

95.73%

WISCONSIN

0

1

$0

$36,000,000

$5,820,142,043

$8,042,950,459

TOTAL

346

488

41.04%

38.19%

B E S P O K E R E A L E S TAT E . C O M | 6 5


I N V I TAT I O N

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