– 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.
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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.