October 2021 North America Luxury Market Report

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– LUXURY MONTHLY MARKET REVIEW – A Review of Key Market Differences Year over Year September 2020 | September 2021

SINGLE-FAMILY HOMES September 2020

Median List Price

September 2021

$1,693,944 $1,825,000

Median Sale Price Median SP/LP Ratio Total Sales Ratio Median Price per Sq. Ft.

$1,391,250

$1,437,500

97.64%

100.00%

31.30%

54.34%

$379

$434

September 2020 September 2021

Total Inventory

41,340

30,600

New Listings

12,520

11,063

Total Sold

12,941

16,627

33

14

3,673

3,275

Median Days on Market Average Home Size

Median prices represent properties priced above respective city benchmark prices.

1,457

3,686

New Listings

Total Sold

19

23.04%

Med. Sale Price

Days on Market

Sales Ratio

46,250

$

SINGLE-FAMILY HOMES MARKET SUMMARY | SEPTEMBER 2021 •

Official Market Type: Seller's Market with a 54.34% Sales Ratio.1

Homes are selling for an average of 100.00% of list price.

The median luxury threshold2 price is $1,000,000, and the median luxury home sales price is $1,437,500

Markets with the Highest Median Sales Price: Vail ($4,203,750), Los Angeles Beach Cities ($3,892,500), Park City ($3,707,500), and Los Angeles City ($3,700,000).

Markets with the Highest Sales Ratio: East Bay (230%), GTA-Durham (205%), Silicon Valley (141%) and Hamilton County (134%). 1

Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2The luxury threshold price is set by The Institute for Luxury Home Marketing.


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October 2021 North America Luxury Market Report by dennisrushmaui - Issuu