The stock market and interest rate volatility will have an impact on this sector in 2023. That being said, it will not be impacted as much as lower price points as the buyers in this category can afford to move forward with buying decisions that they have been planning for years, and want Florida weather, quality of life, tax advantages and freedoms found here.”

Joe Belz

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Dennis Bowers

The luxury market has seen an increase in inventory and added days on market. As a result of hurricane Ian we anticipate an increase in sales especially with damaged properties. There will be a considerable amount of redevelopment.”

Yasmin Saad

SALES 4-YEAR SNAPSHOT 2021 64 $1.06B

76 2019 22 $325.96M

Sales, 2022 YoY % Δ 9.09% 9.72%

YoY % Δ 166.67% 195.69%

YoY % Δ 18.75% 14.73%

$10M+ 2022 76 $1.21B

Total $10M+ Sales Volume, 2022 2020 24 $357.64M

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In 2022, ultra-luxury sales in Greater Atlanta were slightly less robust than anticipated but continue to benefit from strong migration patterns from other parts of the country. It is my opinion that Greater Atlanta’s ultra-luxury sales and in particular ultra-luxury new construction sales will outperform the broader market in 2023. Luxury buyers place a premium on our real estate market, banking on its predictable, long-term growth opportunities.”