– LUXURY MONTHLY MARKET REVIEW – A Review of Key Market Differences Month Over Month April 2018 | May 2018
ATTACHED HOMES April
Median List Price Median Sale Price
May
$1,103,000 $1,067,000
April
May
12,225
13,078
New Listings
3,387
4,012
2,205
2,364
33
33
2,067
2,016
Total Inventory
$951,750
$935,000
Median SP/LP Ratio
98.70%
99.16%
Total Sold
Total Sales Ratio
18.04%
18.08%
Median Days on Market
$573
$575
Median Price per Sq. Ft.
Average Home Size
Median prices represent properties priced above respective city benchmark prices.
625
159
New Listings
Total Sold
0
0.04%
Med. Sale Price
Days on Market
Sales Ratio
16,750
$
ATTACHED HOMES MARKET SUMMARY | MAY 2018 •
Official Market Type: Balanced Market with an 18% Sales Ratio.1
•
Attached homes are selling for an average of 98% of list price.
•
The median luxury threshold2 price is $750,000, and the median attached luxury sale price is $950,000.
•
Markets with the Highest Median Sales Price: Vail ($4,938,250), Park City ($2,757,950), San Francisco ($2,307,000), and Greater Boston ($2,007,000).
•
Markets with the Highest Sales Ratio: Silicon Valley (188%), LA-The Valley (55%), Fairfax County (54%), and San Francisco (49%).
1
Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100%, sales from previous month exceeds current inventory. 2The luxury threshold price is set in December of each year by The Institute for Luxury Home Marketing.