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
UNLOCK THE BESPOKE EXPERIENCE Experience the change that Bespoke represents—and discover the results. Over $8B in $10M+ Transactions.
Our client-centric brand breaks the rules and redefines industry standards; we believed you deserved better, so we built a data-driven platform that delivers unprecedented access to the most sophisticated resources and precisely pairs the world’s finest offerings with their most qualified buyers.
We would be grateful for the opportunity to be of value. B E S P O K E R E A L E S TAT E . C O M
PROMISE
Purposefully work to over-deliver
Data-Driven. Tailored for $10M+ B E S P O K E R E A L E S TAT E . C O M
