Corcoran Pacific Properties - HI - Luxury Market Report OCT 2022

Page 1

Luxury Market Report

October 2022

Hawaii,
OAHU
| HAWAII ISLAND | MAUI | KAUAI

About Corcoran Pacific Properties

Corcoran Pacific Properties, the exclusive Hawaii franchisee of The Corcoran Group, is a locally owned and operated company, founded in 2005 with a simple philosophy: treating every client as a friend, and every transaction as if it was our own.

Over the past 17+ years, honoring this philosophy, we established a culture of service and efficiency fueled by high-tech, smart investments in agents, and the tools they need to deliver world-class service while helping clients achieve their real estate goals.

By choosing only the most successful, experienced real estate professionals and dedicating every resource to support their success, we’ve grown to be the brokerage of choice serving Kauai, Oahu, Maui and Hawaii Island.

With our clients at the heart of our business, Corcoran Pacific Properties is dedicated to excellence, innovation and to continuously raising the bar when it comes to impeccable service, expert insight and a relationship-first approach.

©2020 Corcoran Pacific Properties. All rights reserved. Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Pacific Properties fully supports the principles ofthe Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

At Corcoran Pacific Properties, we dream big. We know that luxury is not a price point, but an experience. Through our commitment to providing first-class support for our 200+ award-winning real estate professionals, we deliver a distinctive and authentic experience to our agents, employees and clients, helping people find the lifestyle they seek.

Gregg Antonsen SVP, Luxury Sales gregg.antonsen@corcoranpacific.com

OAHU OFFICES

Kahala Office 4211 Waialae Ave. Suite 106 Honolulu, HI 96816 (800) 315-3898

MAUI OFFICES

Wailea Office 34 Wailea Gateway Pl. Suite A-204 Kihei, HI 96753 (800) 315-3898

Kailua Office 419-B Kuulei Rd. Kailua, HI 96816 (800) 315-3898

Mililani Office 95-1249 Meheula Parkway, Suite No. A-5 Mililani, HI 96789 (808) 589-2040

KAUAI OFFICES

Lahaina Office 75 Kupuohi St. Suite 203 Lahaina, HI 96761 (800) 315-3898

ISLAND OFFICES

Hilo Office 64 Keawe St. Suite 203 Hilo, HI 96720 (800) 315-3898

Kona Office Walua Professional Bldg. 75-5905 Walua Rd. Suite 9 Kailua-Kona, HI 96740 (800) 315-3898

Koloa Office 3417 Poipu Rd. Suite 110B Koloa, HI 96756 (800) 315-3898

North Shore Office 66-590 Kamehameha Hwy, Unit 1 Haleiwa, HI 96712 (808) 589-2040

Princeville Office 5-4280 Kuhio Hwy. Suite B-103 Princeville, HI 96722 (800) 315-3898

Mauna Lani Portfolio Mauna Lani Auberge Resort 68-1400 Mauna Lani Dr, Suite 108 Waimea, HI 96743 (800) 315-3898

Waimea Office 65-1291 Kawaihae Rd. Suite 101 C Kamuela, HI 96743 (800) 315-3898

HAWAII
Table of Contents Page 5 Luxury Report Explained Page 6 Welcome Message Page 7 Hawaii Luxury Market Review Page 8-13 Oahu Market Review Page 14-19 Island of Hawaii Market Review Page 20-25 Maui Market Review Page 26-31 Kauai Market Review Page 33-36 North American Luxury Market Review Page 37 13-Month Market Trends Page 38 Single-Family Homes Monthly Overview Page 39 Attached Homes Monthly Overview Page 48 Thank You!

Luxury Report Explained

The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-squarefoot – to provide you a comprehensive North American Luxury Market report.

Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes.

It is our intention to include additional luxury markets on a continual basis. If your market is not featured, please contact us so we can implement the necessary qualification process. More indepth reports on the luxury communities in your market are available as well.

Looking through this report, you will notice three distinct market statuses, Buyer's Market, Seller's Market, and Balanced Market. A Buyer's Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/ or price point.

By contrast, a Seller's Market gives sellers greater control over the price point. Typically, this means there are few homes on the market and a generous demand, causing competition between buyers who ultimately drive sales prices higher.

A Balanced Market indicates that neither the buyers nor the sellers control the price point at which that property will sell and that there is neither a glut nor a lack of inventory. Typically, this type of market sees a stabilization of both the list and sold price, the length of time the property is on the market as well as the expectancy amongst homeowners in their respective communities – so long as their home is priced in accordance with the current market value.

Report Glossary

REMAINING INVENTORY: The total number of homes available at the close of a month.

DAYS ON MARKET: Measures the number of days a home is available on the market before a purchase offer is accepted.

LUXURY BENCHMARK PRICE: The price point that marks the transition from traditional homes to luxury homes.

NEW LISTINGS: The number of homes that entered the market during the current month.

PRICE PER SQUARE FOOT: Measures the dollar amount of the home's price for an individual square foot.

SALES RATIO: Sales Ratio defines market speed and determines whether the market currently favors buyers or sellers. Buyer's Market = up to 14%; Balanced Market = 15 to 20%; Seller's Market = 21% plus. If >100%, sales from previous month exceed current inventory.

SP/LP RATIO: The Sales Price/List Price Ratio compares the value of the sold price to the value of the list price.

is

Map of Luxury Residential Markets

Welcome to the Luxury Market Report, your guide to luxury real estate market data and trends for North America. Produced monthly by The Institute for Luxury Home Marketing, this report provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends.

Copyright

The Luxury Market Report is a monthly

by The

Luxury benchmark prices are determined by The Institute. This active and sold data has been compiled by various sources, including local MLS boards, local tax

and Realtor.com. Data is deemed reliable to the best of our knowledge, but is not guaranteed.

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your Luxury Market Report
Ā© 2020 Institute for Luxury Home Marketing | www.luxuryhomemarketing.com | 214.485.3000
analysis provided
Institute for Luxury Home Marketing.
records

Hawaii Luxury Market Review

Corcoran Pacific Properties is pleased to present a closer look at the luxury real estate market in Hawaii, which includes detailed statistical analysis of Oahu, the Island of Hawaii, Maui and Kauai for September 2022.

In line with many of the luxury real estate markets across the U.S. the data for Hawaii shows there is a transition occurring, but equally there are contradictions to expected norms creating some unpredictability.

Statistically, the single-family markets of Maui and Kauai became more favorable to buyers, while the Island of Hawaii and Oahu both transitioned into balanced markets during the month of September. Interestingly, all the islands are reporting that their attached property markets are still more favorable to sellers in the luxury market.

Inventory levels, compared to the September 2021, show an increase of 29% (384 to 497) for single-family homes and 27% (431 to 548) for attached properties, but dig a little deeper and inventory levels have remained static since June 2022. This is due to fewer quantities of new listings entering the market – and contrary to results typically seen in the transition to a buyer’s market.

The cause of this quandary is that homeowners are more hesitant to put their homes on the market. Many not only chose to purchase their dream Hawaiian escape during the pandemic, but they leveraged the opportunity of low interest rates. So, despite economic uncertainty, the majority have very little reason to sell.

This lack of new inventory is certainly one of the main contributors in the decline in luxury sales in the singlefamily market which dropped 25.9% from 104 in August to 77 in September. While many participants in the upper end of the market still tend to be ā€œcash buyersā€, if they cannot find a desirable home, they will either wait or move in a different direction.

Sales in the attached market increased slightly from 144 in August to 153 in September, led by Oahu that saw a 6% increase (100 to 106) in sales compared to September 2021.

ā€œThe general volume of activity in the high-end market throughout the islands appears to be experiencing a pause,ā€ stated Gregg Antonsen, SVP Luxury Sales for Corcoran Pacific Properties. ā€œProspective buyers and sellers have adopted a wait-and-see attitude until they reach a clearer understanding of developing economic conditions, as we approach the final quarter of 2022.ā€

As always, a real estate expert familiar with local trends is the best resource to navigate the specific and varied markets found within the Hawaiian Islands.

Oahu Hawaii

2022 October

$9,500,000+

$8,500,000 $9,499,999

$7,500,000 $8,499,999

$6,500,000 $7,499,999

$5,500,000 $6,499,999

$4,700,000 $5,499,999

$4,100,000 $4,699,999

$3,500,000 $4,099,999

$3,100,000 $3,499,999

$2,700,000 $3,099,999

$2,300,000 $2,699,999

$2,100,000 $2,299,999

$1,900,000 $2,099,999

$1,800,000 $1,899,999

$1,750,000 $1,799,999

19 5 5 7 12 15 7 16 13 22 25 13 12 15 9 0 1 1 0 0 2 0 4 0 5 6 4 7 1 6
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 2,999 $2,005,000 4 3 18 56 32% 3,000 - 3,999 $2,662,500 4 3 10 44 23% 4,000 - 4,999 $2,390,000 6 6 4 32 13% 5,000 - 5,999 $5,025,000 4 6 2 18 11% 6,000 - 6,999 NA NA NA 0 17 0% 7,000+ $5,100,000 6 7 3 27 11% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. Inventory Sales OAHU Single Family Homes Luxury Inventory vs. Sales | September 2022 Luxury Benchmark Price 1: $1,750,000 Balanced Market 195Total Inventory: 37Total Sales: 19%Total Sales Ratio2:
Median Data Review | September 174 159 159 150 143 125 138 151 145 181 187 196 195 59 66 58 51 40 46 65 64 57 56 48 55 37 $2,425,000 $2,505,000 $2,557,500 $2,690,000 $2,374,000 $2,375,000 $2,600,000 $2,500,000 $2,375,000 $2,375,000 $2,287,000 $2,200,000 $2,300,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Oahu single-family luxury market is a Balanced Market with a 19% Sales Ratio • Homes sold for a median of 98.00% of list price in September 2022. • The most active price band is $1,750,000-$1,799,999, where the sales ratio is 67%. • The median luxury sales price for single-family homes is $2,300,000 • The median days on market for September 2022 was 21 days, up from 14 in September 2021. Oahu Market Summary | September 2022 VARIANCE: 12 % 174 195 Sept. 2021 Sept. 2022 Total Inventory VARIANCE: 37 % 59 37 Total Solds VARIANCE: 5 % $2.43m $2.30m Sales Price VARIANCE: 50 % 14 21 Days on Market VARIANCE: 2 % 100.00% 98.00% Sale to List Price Ratio VARIANCE: 11 % $779 $863 Sale Price Per SqFt. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 13 Month Luxury Market Trend4 SoldsMedian Sales Price Inventory OAHU Single Family Homes

$7,000,000+

$6,000,000 $6,999,999

$5,200,000 $5,999,999

$4,400,000 $5,199,999

$3,800,000 $4,399,999

$3,200,000 $3,799,999

$2,600,000 $3,199,999

$2,200,000 $2,599,999

$1,800,000 $2,199,999

$1,500,000 $1,799,999

$1,200,000 $1,499,999

$1,000,000 $1,199,999

$900,000 - $999,999

$800,000 - $899,999

$750,000 - $799,999

9 5 3 5 8 8 11 17 32 33 62 50 43 70 35 1 0 1 0 1 1 2 3 0 8 11 14 12 35 18
ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $890,000 1 1 13 154 8% 1,000 - 1,499 $880,000 2 2 55 136 40% 1,500 - 1,999 $909,000 3 3 32 52 62% 2,000 - 2,499 $898,500 3 3 6 25 24% 2,500 - 2,999 $7,500,000 3 4 1 6 17% 3,000+ NA NA NA 0 18 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. Inventory Sales OAHU Attached Homes Luxury Inventory vs. Sales | September 2022 Luxury Benchmark Price 1: $750,000 Seller's Market 391Total Inventory: 107Total Sales: 27%Total Sales Ratio2:
329 355 351 327 315 326 332 331 326 363 405 383 391 101 116 105 120 122 106 152 153 153 148 108 85 107 $910,000 $947,000 $900,000 $935,000 $968,750 $950,000 $928,000 $900,000 $890,000 $925,000 $924,500 $905,000 $900,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 19 % 329 391 VARIANCE: 6 % 101 107 VARIANCE: 1 % $910k $900k Sales Price VARIANCE: 44 % 16 23 Days on Market VARIANCE: 0 % 100.00% 99.62% Sale to List Price Ratio VARIANCE: 0 % $740 $741 Sale Price Per SqFt. Oahu Market Summary | September 2022 • The Oahu attached luxury market is a Seller's Market with a 27% Sales Ratio • Homes sold for a median of 99.62% of list price in September 2022. • The most active price band is $750,000-$799,999, where the sales ratio is 51%. • The median luxury sales price for attached homes is $900,000 • The median days on market for September 2022 was 23 days, up from 16 in September 2021. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Median Data Review | September Total Inventory Total Solds 13 Month Luxury Market Trend4 SoldsMedian Sales Price Inventory OAHU Attached Homes

Single-Family

Attached

Metric Year

Closed Sales

Median Sales Price (in millions)

Months Supply of Inventory

1,170

1,449

$1,250,000 $2,300,000 $3,625,000 $6,744,844 $870,000 $1,712,800

$1,250,000 $2,377,500 $3,525,000 $6,388,000 $875,000 $1,777,500

$1,255,000 $2,372,500 $3,662,500 $7,200,000 $888,000 $1,550,000

$1,250,000 $2,300,000 $3,688,000 $5,800,000 $890,000 $1,495,000 2020 $1,265,000 $2,325,000 $3,500,000 $6,800,000 $878,000 $1,325,000

$1,270,000 $2,450,000 $3,600,000 $6,700,000 $875,000 $1,350,000

YTD $1,300,000 $2,375,000 $3,560,500 $6,962,500 $865,000 $1,350,000

OAHU Sales Activity
$1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+
2016 657 96 36 16 240 333 2017 732 108 50 13 318 660 2018 794 86 46 27 282 352 2019 775 94 37 21 261 309 2020 931 115 57 27 183 188 2021
302 132 47 464 497 2022 YTD
189 92 46 442 457
2016
2017
2018
2019
2021
2022
2016 5.0 10.2 21.1 27.5 5.8 10.1 2017 4.7 9.8 13.3 40.2 5.1 5.9 2018 5.6 12.1 14.8 21.6 6.8 5.9 2019 5.6 12.9 18.6 36.0 8.3 11.6 2020 3.6 8.2 11.8 26.7 7.2 20.4 2021 1.9 3.2 4.9 13.2 2.8 6.0 2022 YTD 2.5 4.3 14.3 14.8 2.8 6.6

Island of Hawaii

2022 October

$7,800,000 $8,999,999

$6,800,000 $7,799,999

$5,800,000 $6,799,999

$5,000,000 $5,799,999

$4,200,000 $4,999,999

$3,400,000 $4,199,999

$2,800,000 $3,399,999

$2,400,000 $2,799,999

$2,000,000 $2,399,999

$1,700,000 $1,999,999

$1,400,000 $1,699,999

$1,300,000 $1,399,999

$1,200,000 $1,299,999

$1,100,000 $1,199,999

6 4 4 2 2 1 6 13 7 9 11 19 9 13 7 1 0 0 0 0 0 1 2 0 2 3 3 3 4 1 $9,000,000+
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,200,000 5 4 1 10 10% 1,500 - 1,999 $1,362,500 4 2 2 11 18% 2,000 - 2,499 $1,800,000 3 3 1 21 5% 2,500 - 2,999 $1,297,500 3 3 2 11 18% 3,000 - 3,499 $1,825,000 3 3 1 8 13% 3,500+ $3,175,000 5 5 3 16 19% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. ISLAND OF HAWAII Single Family Homes Inventory Sales Luxury Inventory vs. Sales | September 2022 Luxury Benchmark Price 1: $1,100,000 Balanced Market 113Total Inventory: 20Total Sales: 18%Total Sales Ratio2:
Median Data Review | September 60 64 64 59 63 60 65 76 92 121 122 112 113 28 24 24 41 27 31 33 40 32 28 15 17 20 $1,990,000 $2,225,000 $1,502,500 $1,650,000 $1,750,000 $1,485,000 $1,497,000 $1,987,500 $2,100,000 $1,600,000 $1,405,500 $1,800,000 $1,630,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Island of Hawaii single-family luxury market is a Balanced Market with an 18% Sales Ratio • Homes sold for a median of 97.50% of list price in September 2022. • The most active price band is $1,300,000-$1,399,999, where the sales ratio is 33%. • The median luxury sales price for single-family homes is $1,630,000 • The median days on market for September 2022 was 28 days, down from 50 in September 2021. Island of Hawaii Market Summary | September 2022 VARIANCE: 88 % 60 113 Sept. 2021 Sept. 2022 Total Inventory VARIANCE: 29 % 28 20 Total Solds VARIANCE: 18 % $1.99m $1.63m Sales Price VARIANCE: 44 % 50 28 Days on Market VARIANCE: 0 % 97.50% 97.50% Sale to List Price Ratio VARIANCE: 2 % $781 $800 Sale Price Per SqFt. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 ISLAND OF HAWAII Single Family Homes 13 Month Luxury Market Trend4 SoldsMedian Sales Price Inventory

$4,500,000+

$4,000,000 $4,499,999

$3,500,000 $3,999,999

$3,100,000 $3,499,999

$2,700,000 $3,099,999

$2,400,000 $2,699,999

$2,100,000 $2,399,999

$1,800,000 $2,099,999

$1,600,000 $1,799,999

$1,400,000 $1,599,999

$1,300,000 $1,399,999

$1,200,000 $1,299,999

$1,100,000 $1,199,999

$1,000,000 $1,099,999

- $999,999

3 0 1 2 4 5 1 6 2 3 4 6 6 5 4 0 1 1 0 0 0 1 2 1 0 1 4 2 0 1
$950,000
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 NA NA NA 0 3 0% 1,000 - 1,499 $1,250,000 2 2 4 13 31% 1,500 - 1,999 $1,100,000 3 2 1 7 14% 2,000 - 2,499 $1,670,000 4 3 4 11 36% 2,500 - 2,999 $2,971,500 4 4 2 5 40% 3,000+ NA NA NA 0 3 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. ATTACHED HOMES Luxury Benchmark Price 1: $950,000 Inventory Sales ISLAND OF HAWAII Attached Homes Luxury Inventory vs. Sales | September 2022 Seller's Market 52Total Inventory: 14Total Sales: 27%Total Sales Ratio2:
34 32 32 29 25 26 24 26 38 50 55 47 52 18 29 17 20 24 24 34 35 36 30 19 16 14 $1,625,000 $1,300,000 $1,180,000 $1,461,560 $1,225,000 $1,407,500 $1,555,000 $1,400,000 $1,852,000 $1,640,000 $1,550,000 $1,483,750 $1,342,500 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 53 % 34 52 VARIANCE: 22 % 18 14 VARIANCE: 17 % $1.63m $1.34m Sales Price VARIANCE: 320 % 5 21 Days on Market VARIANCE: 3 % 100.00% 96.54% Sale to List Price Ratio VARIANCE: 18 % $775 $912 Sale Price Per SqFt. Island of Hawaii Market Summary | September 2022 • The Island of Hawaii attached luxury market is a Seller's Market with a 27% Sales Ratio • Homes sold for a median of 96.54% of list price in September 2022. • The most active price bands are $2,100,000-$2,399,999 and $3,500,000-$3,999,999, where the sales ratio is 100% • The median luxury sales price for attached homes is $1,342,500 • The median days on market for September 2022 was 21 days, up from 5 in September 2021. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Median Data Review | September Total Inventory Total Solds ISLAND OF HAWAII Attached Homes SoldsSale Price Inventory 13 Month Luxury Market Trend4

Single-Family Attached

Metric Year

Closed Sales

Median Sales Price (in millions)

$1,395,000 $2,485,000 $4,175,000 $7,187,500 $916,000 $1,800,000

$1,374,000 $2,424,000 $4,100,000 $7,950,000 $899,500 $1,600,000

$1,349,000 $2,495,005 $3,950,000 $7,500,000 $880,000 $1,945,000

$1,295,000 $2,500,000 $3,100,000 $7,725,000 $900,000 $1,450,000

$1,295,000 $2,600,000 $3,999,500 $6,950,000 $905,000 $1,700,000

$1,399,000 $2,450,000 $3,950,000 $8,450,000 $877,000 $1,592,500

YTD $1,300,000 $2,275,000 $3,525,000 $9,673,750 $890,000 $1,730,000

Months Supply of

ISLAND OF HAWAII Sales Activity
$1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+
2016 75 18 8 30 32 53 2017 95 24 11 29 42 89 2018 104 17 17 15 41 88 2019 131 21 7 27 48 79 2020 182 31 26 33 53 126 2021 247 59 45 70 125 236 2022 YTD 198 43 27 28 63 157
2016
2017
2018
2019
2020
2021
2022
Inventory 2016 16.6 23.5 29.9 22.9 15.7 22.6 2017 15.8 19.9 21.3 20.7 13.5 20.4 2018 14.8 17.5 20.2 19.9 9.6 12.9 2019 14.2 18.6 23.9 17.0 11.7 14.1 2020 9.8 13.5 14.0 15.2 5.1 7.1 2021 5.1 8.3 9.1 8.6 2.7 5.1 2022 YTD 4.6 15.0 3.7 19.0 2.6 3.0

Maui Hawaii

2022 October

$9,900,000 $11,999,999

$7,900,000 - $9,899,999

$5,900,000 - $7,899,999

$4,900,000 - $5,899,999

$3,900,000 - $4,899,999

$3,400,000 - $3,899,999

$2,900,000 - $3,399,999

$2,400,000 - $2,899,999

$2,200,000 - $2,399,999

$2,000,000 - $2,199,999

$1,800,000 - $1,999,999

$1,700,000 - $1,799,999

$1,600,000 - $1,699,999

$1,500,000 - $1,599,999

8 3 5 12 9 13 9 13 16 7 4 14 8 10 7 0 0 0 0 2 1 1 1 2 2 1 2 0 1 0 $12,000,000+
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $2,200,000 3 2 3 41 7% 2,000 - 2,999 $1,992,500 4 8 4 46 9% 3,000 - 3,999 $3,900,000 3 8 3 27 11% 4,000 - 4,999 $4,025,000 5 8 2 12 17% 5,000 - 5,999 $3,150,000 5 4 1 9 11% 6,000+ NA NA NA 0 3 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. MAUI Single Family Homes Inventory Sales Luxury Inventory vs. Sales | September 2022 Luxury Benchmark Price 1: $1,500,000 Buyer's Market 138Total Inventory: 13Total Sales: 9%Total Sales Ratio2:
Median Data Review | September 102 104 92 106 112 109 103 97 114 133 132 137 138 32 49 27 30 35 21 32 38 33 29 27 26 13 $2,775,000 $2,198,000 $2,420,000 $2,162,500 $2,225,000 $1,900,000 $2,262,500 $2,402,500 $2,950,000 $2,500,000 $2,000,000 $1,947,500 $2,558,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Maui single-family luxury market is a Buyer's Market with a 9% Sales Ratio • Homes sold for a median of 97.25% of list price in September 2022. • The most active price band is $2,200,000-$2,399,999, where the sales ratio is 29%. • The median luxury sales price for single-family homes is $2,558,000 • The median days on market for September 2022 was 100 days, remaining the same from September 2021. Maui Market Summary | September 2022 VARIANCE: 35 % 102 138 Sept. 2021 Sept. 2022 Total Inventory VARIANCE: 59 % 32 13 Total Solds VARIANCE: 8 % $2.78m $2.56m Sales Price VARIANCE: 0 % 100 100 Days on Market VARIANCE: 0 % 97.29% 97.25% Sale to List Price Ratio VARIANCE: 5 % $954 $999 Sale Price Per SqFt. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 MAUI Single Family Homes 13 Month Luxury Market Trend4 SoldsMedian Sales Price Inventory

$4,500,000+

$3,600,000 $4,499,999

$3,100,000 $3,599,999

$2,600,000 $3,099,999

$2,400,000 $2,599,999

$2,200,000 $2,399,999

$2,000,000 $2,199,999

$1,900,000 $1,999,999

$1,800,000 $1,899,999

$1,700,000 $1,799,999

$1,600,000 $1,699,999

$1,500,000 $1,599,999

$1,400,000 $1,499,999

$1,300,000 $1,399,999

$1,200,000 $1,299,999

10 7 3 6 2 2 4 3 3 4 1 4 3 6 3 1 0 0 1 2 0 2 5 1 1 0 1 2 1 4
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $1,245,000 1 1 3 17 18% 1,000 - 1,499 $1,467,500 2 2 8 22 36% 1,500 - 1,999 $2,049,500 3 5 6 8 75% 2,000 - 2,499 $1,900,000 3 3 3 7 43% 2,500 - 2,999 NA NA NA 0 6 0% 3,000+ $4,750,000 3 8 1 1 100% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. Inventory Sales MAUI Attached Homes Luxury Inventory vs. Sales | September 2022 Luxury Benchmark Price 1: $1,200,000 Seller's Market 61Total Inventory: 21Total Sales: 34%Total Sales Ratio2:
27 31 34 48 47 50 53 59 77 89 83 76 61 40 31 34 34 30 35 56 55 31 42 21 28 21 $1,927,000 $2,000,000 $2,249,000 $2,325,000 $1,925,000 $1,675,000 $1,700,000 $1,650,000 $1,925,000 $1,812,500 $1,600,000 $1,672,500 $1,900,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 126 % 27 61 VARIANCE: 48 % 40 21 VARIANCE: 1 % $1.93m $1.90m Sales Price VARIANCE: 18 % 91 75 Days on Market VARIANCE: 3 % 100.00% 97.09% Sale to List Price Ratio VARIANCE: 6 % $1,336 $1,257 Sale Price Per SqFt. Maui Market Summary | September 2022 • The Maui attached luxury market is a Seller's Market with a 34% Sales Ratio • Homes sold for a median of 97.09% of list price in September 2022. • The most active price band is $1,900,000-$1,999,999, where the sales ratio is 167%. • The median luxury sales price for attached homes is $1,900,000 • The median days on market for September 2022 was 75 days, down from 91 in September 2021. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Median Data Review | September Total Inventory Total Solds SoldsSale Price Inventory 13 Month Luxury Market Trend4 MAUI Attached Homes

Single-Family

Attached

Metric Year

Closed Sales

Median Sales Price (in millions)

2016 $1,265,850 $2,300,000 $3,700,000 $6,510,000 $899,500 $1,500,000 2017 $1,265,000 $2,400,000 $3,600,000 $8,025,444 $900,000 $1,700,000 2018 $1,328,000 $2,285,000 $3,625,000 $9,250,000 $887,450 $1,440,000 2019 $1,270,000 $2,400,000 $3,270,000 $6,500,000 $864,875 $1,495,000 2020 $1,312,500 $2,390,000 $3,575,000 $6,400,000 $862,500 $1,685,000

$1,300,000 $2,467,500 $3,800,000 $7,625,000 $880,000 $1,620,000 2022 YTD $1,300,000 $2,300,000 $3,697,500 $7,900,000 $890,500 $1,525,000

Months Supply of Inventory

MAUI Sales Activity
$1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+
2016 143 31 25 20 66 168 2017 168 39 32 15 99 192 2018 190 31 30 13 120 285 2019 215 47 25 13 118 247 2020 218 51 34 11 140 273 2021 404 126 79 68 292 583 2022 YTD 324 82 46 35 200 413
2021
2016 11.8 19.1 18.3 17.2 14.6 16.2 2017 12.9 15.8 19.5 19.9 14.2 21.4 2018 13.8 16.4 16.5 21.7 14.4 24.9 2019 12.3 16.5 19.3 24.9 13.6 25.8 2020 10.4 13.5 14.8 20.4 11.8 23.4 2021 5.4 7.5 8.8 14.2 7.3 14.2 2022 YTD 5.9 8.2 12.3 21.5 2.4 5.8

Kauai Hawaii

2022 October

$6,000,000+

$5,400,000 $5,999,999

$4,900,000 $5,399,999

$4,400,000 $4,899,999

$3,900,000 $4,399,999

$3,400,000 $3,899,999

$3,000,000 $3,399,999

$2,600,000 $2,999,999

$2,200,000 $2,599,999

$1,800,000 $2,199,999

$1,600,000 $1,799,999

$1,500,000 $1,599,999

$1,400,000 $1,499,999

$1,300,000 $1,399,999

$1,200,000 $1,299,999

10 2 1 0 4 3 2 5 6 5 6 2 2 1 2 0 1 0 0 1 0 0 1 0 1 1 0 2 0 0
Beds3 -RangePrice -Median SoldDOM -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0-1 Bedrooms NA NA NA 0 0 NA 2 Bedrooms $2,100,000 76 2 1 5 20% 3 Bedrooms $2,258,000 12 2 4 17 24% 4 Bedrooms $5,900,000 17 5 1 18 6% 5 Bedrooms $1,479,000 6 3 1 7 14% 6+ Bedrooms NA NA NA 0 3 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. KAUAI Single Family Homes Inventory Sales Luxury Inventory vs. Sales | September 2022 Luxury Benchmark Price 1: $1,200,000 Buyer's Market 51Total Inventory: 7Total Sales: 14%Total Sales Ratio2:
Median Data Review | September 48 48 47 57 44 32 28 37 41 42 47 45 51 24 14 19 22 15 17 14 19 13 15 7 6 7 $1,683,250 $1,875,000 $1,789,000 $2,312,500 $1,735,000 $2,000,000 $2,374,000 $1,995,000 $2,272,000 $2,100,000 $2,812,000 $2,850,000 $2,100,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Kauai single-family luxury market is a Buyer's Market with a 14% Sales Ratio • Homes sold for a median of 96.49% of list price in September 2022. • The most active price band is $1,400,000-$1,499,999, where the sales ratio is 100%. • The median luxury sales price for single-family homes is $2,100,000 • The median days on market for September 2022 was 15 days, down from 52 in September 2021. Kauai Market Summary | September 2022 VARIANCE: 6 % 48 51 Sept. 2021 Sept. 2022 Total Inventory VARIANCE: 71 % 24 7 Total Solds VARIANCE: 25 % $1.68m $2.10m Sales Price VARIANCE: 71 % 52 15 Days on Market VARIANCE: 3 % 99.81% 96.49% Sale to List Price Ratio VARIANCE: 31 % $778 $1,021 Sale Price Per SqFt. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 13 Month Luxury Market Trend4 SoldsMedian Sales Price Inventory KAUAI Single Family Homes

$3,500,000+

$3,000,000 $3,499,999

$2,500,000 $2,999,999

$2,000,000 $2,499,999

$1,900,000 $1,999,999

$1,800,000 $1,899,999

$1,700,000 $1,799,999

$1,600,000 $1,699,999

$1,500,000 $1,599,999

$1,400,000 $1,499,999

$1,300,000 $1,399,999

$1,200,000 $1,299,999

$1,100,000 $1,199,999

$1,000,000 $1,099,999

$950,000 - $999,999

5 2 4 6 0 0 0 3 5 4 7 4 2 0 2 0 0 0 1 0 0 0 0 3 1 0 2 0 2 2
Beds3 -RangePrice -Median SoldDOM -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0-1 Bedrooms $997,500 14 2 1 1 100% 2 Bedrooms $1,245,000 10 2 7 22 32% 3 Bedrooms $1,475,000 0 3 1 14 7% 4 Bedrooms $2,300,000 23 4 1 4 25% 5 Bedrooms $1,550,000 196 6 1 2 50% 6+ Bedrooms NA NA NA 0 1 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLSĀ® data reported previous month’s sales exceeded current inventory. Luxury Benchmark Price 1: $950,000 Attached Homes Inventory Sales KAUAI Attached Homes Luxury Inventory vs. Sales | September 2022 Seller's Market 44Total Inventory: 11Total Sales: 25%Total Sales Ratio2:
41 40 34 31 28 31 27 28 35 35 40 42 44 15 15 19 22 5 22 15 16 17 15 14 15 11 $1,255,000 $1,350,000 $1,375,000 $1,420,516 $1,200,000 $1,438,679 $1,225,000 $1,277,500 $1,354,500 $1,252,500 $1,322,500 $1,560,000 $1,289,000 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 7 % 41 44 VARIANCE: 27 % 15 11 VARIANCE: 3 % $1.26m $1.29m Sales Price VARIANCE: 7 % 15 14 Days on Market VARIANCE: 1 % 97.35% 98.33% Sale to List Price Ratio VARIANCE: 18 % $858 $1,009 Sale Price Per SqFt. Kauai Market Summary | September 2022 • The Kauai attached luxury market is a Seller's Market with a 25% Sales Ratio • Homes sold for a median of 98.33% of list price in September 2022. • The most active price band is $950,000-$999,999, where the sales ratio is 100%. • The median luxury sales price for attached homes is $1,289,000 • The median days on market for September 2022 was 14 days, down from 15 in September 2021. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Median Data Review | September Total Inventory Total Solds SoldsSale Price Inventory 13 Month Luxury Market Trend4 KAUAI Attached Homes

Single-Family

Attached

Metric Year

Closed Sales

Median Sales Price (in millions)

2016 $1,271,695 $2,387,500 $3,300,000 $11,400,000 $900,000 $1,350,000

$1,285,000 $2,450,000 $3,800,000 $11,000,000 $868,758 $1,250,000

$1,262,500 $2,500,000 $3,700,000 $8,702,400 $864,988 $1,500,000

$1,395,000 $2,550,000 $3,650,000 $5,900,000 $897,129 $1,380,000

$1,300,000 $2,300,000 $3,820,000 $7,700,000 $857,000 $1,350,000

$1,471,500 $2,450,000 $3,500,000 $8,500,000 $895,000 $1,395,000

YTD $ 1,366,000 $2,261,000 $3,500,000 $8,000,000 $900,000 $1,354,750

Months Supply of Inventory

KAUAI Sales Activity
$1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+
2016 52 14 5 7 17 39 2017 61 13 6 3 34 40 2018 66 17 7 17 51 55 2019 57 15 10 4 68 51 2020 85 17 11 12 59 41 2021 140 59 30 31 103 175 2022 YTD 98 40 29 21 48 92
2017
2018
2019
2020
2021
2022
2016 15.6 21.3 20.6 26.2 18.5 20.0 2017 12.6 19.9 24.8 23.9 10.5 16.0 2018 11.6 18.0 23.9 21.9 9.9 16.5 2019 10.7 16.1 16.5 21.6 9.0 17.2 2020 7.0 13.4 12.7 19.5 7.4 13.2 2021 4.8 9.3 6.7 12.4 4.9 6.6 2022 YTD 9.3 10.5 9.0 21.0 3.5 6.6
IS IN EACH DETAIL. HUBERT DE GIVENCHY Luxury

North American Luxury Review

Where is the Luxury Real Estate Market Headed?

It is hard to picture that less than 12 months ago, the luxury real estate market was on a strong upward trajectory, consistently seeing demand increase, prices soar, and inventory levels fall.

Even though we realized that this trend could not continue infinitely, the speed at which the market appeared to turn in May 2022 seemed almost as dramatic as the upswing in May 2020 at the start of the pandemic.

Although the tables changed earlier this summer, with the number of homes listed for sale climbing for the first time since the start of the pandemic, there was still a feeling that while there would be a transition, it would be more gradual, eventually settling into a traditionally paced market.

Instead, what we saw over the last few months was a turmoil of differing opinions about the current status, media hype of doom and gloom, and expert contradictions about the future of the luxury real estate market.

The simple truth is that both the economy and the real estate market are in a state of unpredictable flux, when even traditional methods, such as raising interest rates, are not achieving the desired results as inflation increases. In September, U.S. inflation rose to 6.6%; in Canada, it is currently 7%.

In some locations, we see the severe impact of this increase in interest rates on the number of sales, whereas, in others, the lack of inventory is still playing heavily in the seller’s favor. Some buyers are feeling the affordability squeeze because of the additional increase in the cost of borrowing. Yet, with very few sellers needing to put their homes on the market, inventory levels remain historically low, leaving even cash buyers without the negotiating power typically expected in a transitioning market.

The reality is the factors of how buyers and sellers are reacting combined with influences from outside the industry are creating conflicting messages that are resulting in strange times throughout the real estate market.

Still a Seller’s Market

It may be a surprise to discover that our analysis for September shows that many markets remain favorable to sellers for both luxury single-family and attached properties.

Last month we reported that 106 of our 140 single-family markets were still favorable to sellers. While 16 have transitioned to balanced – where the market is equally favorable to sellers as it is to buyers – 90 remain seller’s markets.

In the attached market, of the 96 markets reported on by the Institute, 77 remain seller’s markets.

It seems that there are still plenty of buyers – indeed, a survey by Bank of America found that the young and wealthy prefer assets like cryptocurrency, real estate, and private equity over investing in the stock market.

ā€œIndividuals ages 21 to 42 with at least $3 million in assets have only a quarter of their portfolio in equities, compared with more than half for those who are olderā€, according to the study.

This is significant, especially for the future, as Baby Boomers are estimated to transfer over $84 trillion of their wealth to Generation X and millennials between now and 2045, according to market research by Cerulli Associates.

A Trend Toward Balanced

Coming back to the current status, it is important to realize that most luxury markets are starting or transitioning toward more favorable conditions for buyers as inventory levels steadily climb month over month.

As of September, the sales ratio, which measures the monthly sales against the remaining active listings at the end of the month for both single-family home and attached property markets, saw a further shift downwards towards the 21% threshold mark, which signifies a change from seller to a balanced market.

However, there is an anomaly in the claim that inventory levels are rising – the reality is that they are also increasing because homes are staying on the market longer. More choice has slowed the velocity of sales compared to 2021, but the lack of new inventory has equally slowed.

September’s increase in new inventory is typically one of the largest of the calendar year, escalated by individuals returning from the vacation season with new plans; it kicks off the second busiest season in real estate. While the actual number of properties for sale in September 2022 rose significantly compared to September 2021, an increase of just 6% from August 2022 is well under the traditional expected norms of a 12-18% increase between these two months.

But it would be unrealistic to expect the extraordinary results of 2021, where the number of sales was greater than the remaining inventory each month. Nor should we expect to see many sales closing over the asking price and even fewer multiple offers – all typifying a directional transition toward a more balanced market.

Will a Buyer’s Market Happen?

Given the time of year, the current economic influences, and the uncertainty surrounding real estate demand, it is still hard to predict when or even if the luxury market will fully become a buyer’s market.

September’s numbers indicate an overall shift. However, as we head towards the winter months when typically, less inventory enters the market, we may see that ratio climb back up, especially if current sellers whose properties have been on the market for some time start to drop their prices further and attract more sales.

Much might also depend on whether we enter a recession. Currently, interest rates being hiked, stock markets falling, and companies scaling back their workforce are causing homebuyers to put on the brakes.

But, if we do go into a recession, interest rate hikes will be less likely as governments will look for people to start spending again to drive the economy. This will mean the cost of borrowing money will either stall at its present rate or even fall, creating more favorable conditions for purchasing real estate again.

All this speculation translates into a disconnect within the market, especially where sellers are not ready to drop their prices and buyers are looking to negotiate. But while economists and real estate experts debate the future, it is obvious that the luxury real estate market has started to go through a correction, and its overall status has shifted direction.

Those looking for investment opportunities are focusing on the newer and second home markets, which saw some of the biggest price increases during the pandemic, as indications are that prices, although not lower than September 2021, have decreased in the last six months.

Contrary to this, other markets are seeing their sellers hold off, not wanting to trade their low mortgage rates for considerably higher ones, or realizing they have missed the peak, they are simply not putting their homes up for sale. This means that inventory levels are not increasing at the expected rate, which will slow the fall of home prices for these markets.

Equally, there is still a housing shortage in many luxury markets, albeit a highly varied one depending on the location and price point. However, in certain high-demand communities, there simply isn’t any inventory available because it was all snapped up during the last two years.

One thing is certain, now more than ever, it is important to work with a luxury property specialist to ascertain what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach; understanding the realities and setting expectations accordingly will ensure that goals are achieved.

For the Luxury North American Market

Days on Market Sales Price vs. List Price 15 15 15 17 18 13 9 8 7 9 12 18 22 14 12 15 16 17 11 8 8 9 9 13 18 21 0 5 10 15 20 25 SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP Price per Square Foot $50 4 $50 1 $49 8 $53 5 $51 6 $52 6 $54 3 $52 6 $54 0 $55 0 $53 8 $52 1 $53 5 $39 7 $40 0 $39 6 $41 5 $41 0 $42 0 $42 1 $44 3 $43 8 $43 1 $43 2 $41 8 $43 0 $0 $100 $200 $300 $400 $500 $600 SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP $500,000 $700,000 $900,000 $1,100,000 $1,300,000 $1,500,000 $1,700,000 $1,900,000 $2,100,000 SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP All data is based off median values. Median prices represent properties priced above respective city benchmark prices. 13 Month Market Trends
Single-Family Homes Attached Homes Single-Family List Price Attached List Price

Median List Price $1,668,750 $1,599,000

Median Sale Price $1,362,500 $1,275,000

Median SP/LP Ratio 100.00% 98.43%

Total Sales Ratio 52.39% 27.53%

Median Price per Sq. Ft. $397 $430

Total Inventory 33,154 54,616

New Listings 11,720 18,310

Total Sold 17,368 15,035

Median Days on Market 15 22

Average Home Size 3,425 3,190

Market Type:

• Homes are selling for an

of 98.43%

• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,275,000.

• Markets with the Highest Median Sales Price: Aspen ($7,750,000), Whistler ($5,815,000), Vail ($4,500,000), and Los Angeles Beach Cities ($4,260,000).

• Markets with the Highest Sales Ratio: Cleveland Suburbs (94%), East Bay (75%), St. Louis (62%) and

County (62%).

1Sales Ratio defines market speed and

type:

• Official
Seller's Market with a 27.53% Sales Ratio.1
average
of list price
Hamilton
market
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. Single-Family Homes Market Summary | September 2022
Median prices represent properties priced above respective city benchmark prices. September 2022September 2021 September 2022September 2021  New Listings Total Sold Days on Market Sales RatioMed. Sale Price 6,590 2,333 $87,500 7 24.86%     Single-Family Homes September 2021 | September 2022 A Review of Key Market Differences Year over Year Luxury Monthly Market Review

Differences Year over

Median

   New Listings Total Sold Sales RatioMed. Sale Price 1,097 1,039 15.87% Attached Homes Market Summary | September 2022 • Official Market Type: Seller's Market with a 24.80% Sales Ratio 1 • Attached homes are selling for an average of 98.95% of list price • The median luxury threshold2 price is $700,000, and the median attached luxury sale price is $890,500 • Markets with the Highest Median Sales Price: Aspen ($3,637,500), Vail ($3,500,000), San Francisco ($2,500,000), and Naples ($2,100,000). • Markets with the Highest Sales Ratio: Howard County (124%), Central Coast (107%), South Shore (89%) and Cape Cod (89%). 1Sales 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. Median List Price $1,054,750 $949,450 Median Sale Price $857,500 $890,500
SP/LP Ratio 100.00% 98.95% Total Sales Ratio 40.67% 24.80% Median Price per Sq. Ft. $504 $535 Total Inventory 12,400 16,143 New Listings 4,779 5,876 Total Sold 5,043 4,004 Median Days on Market 14 21 Average Home Size 1,985 1,845 Median prices represent properties priced above respective city benchmark prices. Days on Market 7   $33,000 September 2022September 2021 September 2022September 2021 Attached Homes September 2021 | September 2022 A Review of Key Market
Year Luxury Monthly Market Review

Luxury Monthly Market Review Single-Family Homes

State Market Name

Median List Price Median Sold Price Inventory

New Listings Sold Days on Market Market Status

$1,100,000 $960,000 557 264 142 24 Seller's AZ Chandler and Gilbert $1,069,850 $970,000 269 87 82 48 Seller's AZ Flagstaff $1,397,000 $1,182,000 94 23 14 81 Buyer's AZ Mesa $847,000 $830,000 236 71 70 42 Seller's AZ Paradise Valley $4,999,000 $3,600,000 133 31 15 44 Buyer's AZ Phoenix $850,000 $775,000 935 317 275 45 Seller's AZ Scottsdale $1,850,000 $1,570,000 737 231 139 49 Balanced

AB Calgary

AZ Tucson $699,900 $640,000 850 279 223 12 Seller's

BC Mid Vancouver Island $1,599,900 $1,440,000 199 69 15 22 Buyer's BC Okanagan Valley $1,779,500 $1,587,500 928 243 65 41 Buyer's BC Vancouver $4,480,000 $3,638,800 1187 312 59 17 Buyer's

BC Victoria $2,299,000 $2,067,000 136 67 27 49 Balanced

BC Whistler $4,500,000 $5,815,000 52 11 4 97 Buyer's

CA Central Coast $2,755,000 $2,600,000 245 80 72 13 Seller's CA East Bay $2,195,000 $1,920,000 527 295 397 16 Seller's CA Greater Palm Springs $1,895,000 $1,567,500 298 151 70 37 Seller's CA Lake Tahoe $2,495,000 $1,697,500 194 30 38 28 Balanced

CA Los Angeles Beach Cities $5,997,000 $4,260,000 304 102 77 17 Seller's CA Los Angeles City $4,995,000 $3,405,000 684 219 120 24 Balanced

CA Los Angeles The Valley $2,458,888 $2,100,000 507 213 140 24 Seller's CA Marin County $3,895,000 $2,950,000 136 20 30 11 Seller's CA Napa County $4,750,000 $2,650,000 117 16 20 20 Balanced

CA Orange County $2,549,000 $2,212,500 1031 336 370 19 Seller's CA Placer County $1,159,000 $1,082,500 274 86 88 23 Seller's CA Sacramento $945,000 $905,000 711 284 255 18 Seller's CA San Diego $2,099,000 $1,850,000 1144 439 303 19 Seller's CA San Francisco $4,497,500 $3,182,500 166 66 48 14 Seller's CA San Luis Obispo County $1,799,000 $1,395,000 161 50 72 37 Seller's CA Santa Barbara $6,495,000 $3,537,500 127 44 40 16 Seller's CA Silicon Valley $3,950,000 $3,350,000 526 266 245 12 Seller's CA Sonoma County $2,500,000 $1,625,000 225 43 47 32 Balanced

CA Ventura County $2,074,000 $1,660,000 262

38 Seller's CO Aspen $14,900,000 $7,750,000 95 5 3

Buyer's CO Boulder $2,185,000 $1,650,000 228 88 73 42 Seller's CO Colorado Springs $900,000 $859,000 428

Seller's

70 75
87
124 137 18
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review

Single-Family Homes

State Market Name

Median List Price Median Sold Price

Inventory

New Listings Sold Days on Market Market Status

CO Denver 286 CO Douglas County CO Durango 27 Seller's CO Summit County 90 11 Buyer's CO Telluride 82 6 Buyer's CO Vail 81 10

ON GTA - Durham $1,749,000 $1,555,000 211 136 46 14 Seller's ON GTA - York $2,375,000 $1,880,000 563 327 137 13 Seller's ON Hamilton $1,839,500 $1,510,000 254 121 27 23 Buyer's ON Mississauga $2,950,000 $2,310,000 137 64 26 18 Balanced ON Oakville $2,514,900 $2,400,000 132 82 33 17 Seller's ON Toronto $3,799,444 $3,100,000 420 178 54 20 Buyer's ON Waterloo Region $1,474,000 $1,300,000 166 103 49 12 Seller's OR Portland $1,350,000 $1,075,000 615 248 283 6 Seller's QC Montreal $1,999,000 $1,600,000 363 87 16 39 Buyer's SC Hilton Head $2,095,000 $1,349,000 243 58 55 12 Seller's TN Greater Chattanooga $965,000 $824,000 180 49 43 4 Seller's TN Nashville $1,699,900 $1,355,500 653 246 220 4 Seller's TX Austin $1,098,222 $995,000 1242 586 354 9 Seller's TX Collin County $749,000 $717,786 1445 681 627 11 Seller's TX Dallas $1,300,000 $1,004,001 450 209 186 11 Seller's

TX Denton County $775,786 $750,000 1101 508 425 9 Seller's TX El Paso $610,800 $583,000 154 53 29 15

Balanced

TX Fort Worth $825,000 $800,000 970 393 465 8 Seller's

CT Central Connecticut $699,000 $625,000 185 7 CT Coastal Connecticut 37 DC Washington D.C. 51 Balanced DE Sussex County Coastal FL Boca Raton/Delray Beach $2,590,000 $2,125,000 112 20 Buyer's FL Coastal Pinellas County 88 13 12 28 Buyer's FL Greater Fort Lauderdale $1,050,000 27 Balanced FL Jacksonville Beaches $1,472,125 $1,150,000 306 96 61 26 Balanced FL Lee County 83 68 33 Buyer's FL Marco Island $2,762,500 $2,761,500 100 18 10 85 Buyer's FL Miami $1,999,450 $1,450,000 180 Buyer's FL Naples $4,900,000 $3,600,000 44 18 27 Buyer's FL Orlando $1,250,000 $1,120,000 176 136 22 Balanced

FL Palm Beach Towns $3,450,000 $2,010,300 235 48 26 39 Buyer's FL & Beaches $2,872,500 $1,895,000 252 Balanced

FL South Pinellas County $1,599,000 $1,225,000 251

FL South Walton $2,300,000 $2,100,000

38 Buyer's FL Space Coast

Tampa $749,000 $684,000

Seller's FL Weston

Atlanta

Duluth

HI Island of Hawaii

Balanced

Kauai

Buyer's

TX Greater Tyler $737,500 $611,500 148 77 48 9 Seller's TX Houston $979,000 $880,000 1149 439 333 9 Seller's TX Lubbock $652,500 $599,950 88 34 28 50 Seller's TX San Angelo $650,000 $594,950 51 27 16 68 Seller's TX San Antonio $799,070 $717,515 636 262 191 16 Seller's TX The Woodlands & Spring $809,000 $741,000 213 119 162 7 Seller's UT Park City $4,250,000 $3,075,000 202 57 16 7 Buyer's UT Salt Lake City $1,132,096 $979,000 469 210 157 21 Seller's VA Arlington & Alexandria $2,250,000 $1,850,000 77 32 49 6 Seller's VA Charlottesville $1,300,000 $1,019,000 144 22 44 6 Seller's VA Fairfax County $1,999,900 $1,500,000 346 113 152 7 Seller's VA McLean & Vienna $2,750,000 $1,850,000 147 31 61 6 Seller's VA Richmond $799,900 $790,153 291 110 197 6 Seller's

Buyer's HI Maui $2,997,000 $2,558,000

Oahu

ID Ada County $786,900 $799,990

Northern Idaho

VA Smith Mountain Lake $1,750,000 $1,325,000 33 9 8 4 Seller's WA King County - Greater Seattle $1,970,000 $1,695,000 1014 543 538 6 Seller's WA Seattle $1,893,217 $1,715,000 254 140 167 6 Seller's WA Spokane $1,150,000 $987,500 135 62 46 9 Seller's

Chicago $1,275,000

DuPage County $1,173,000 $863,750

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

89
88 13 FL
1295 351 328 21
35 32 GA
691 270 225 16 GA
17 4 7
22 20 28
HI
51 9 7 15
30 13 100
HI
195 44 37 21 Balanced
12 ID
90 71 76 Balanced IL
288 265 20 IL
334 112 100 18 Seller's

Luxury Monthly Market Review

Single Family Homes

State Market Name

Median List Price Median Sold Price

Inventory

New Listings Sold Days on Market Market Status

IL Lake County $912,500

Will County $649,900 $615,000

IN Hamilton County $839,998 $750,000 78

Seller's

ON GTA - Durham $1,749,000 $1,555,000 211 136 46 14 Seller's ON GTA - York $2,375,000 $1,880,000 563 327 137 13 Seller's ON Hamilton $1,839,500 $1,510,000 254 121 27 23 Buyer's ON Mississauga $2,950,000 $2,310,000 137 64 26 18 Balanced

Seller's MA Cape Cod

Johnson County $824,385 $822,639

ON Oakville $2,514,900 $2,400,000 132 82 33 17 Seller's ON Toronto $3,799,444 $3,100,000 420 178 54 20 Buyer's

MA Greater Boston 73 Seller's MA South Shore 72 29

MD Anne Arundel County $964,500 $869,000 78

Frederick County $875,000 $865,170 61

Seller's MD Howard County

MD Montgomery County $1,850,000 $1,505,000

MD Talbot County 40 9 11

ON Waterloo Region $1,474,000 $1,300,000 166 103 49 12 Seller's OR Portland $1,350,000 $1,075,000 615 248 283 6 Seller's QC Montreal $1,999,000 $1,600,000 363 87 16 39 Buyer's SC Hilton Head $2,095,000 $1,349,000 243 58 55 12 Seller's TN Greater Chattanooga $965,000 $824,000 180 49 43 4 Seller's TN Nashville $1,699,900 $1,355,500 653 246 220 4 Seller's

TX Austin $1,098,222 $995,000 1242 586 354 9 Seller's TX Collin County $749,000 $717,786 1445 681 627 11 Seller's TX Dallas $1,300,000 $1,004,001 450 209 186 11 Seller's

Worcester County 56 18 13

Livingston County 104 31 20 20 Balanced

Monroe County $650,000 $547,000 13 4 4

TX Denton County $775,786 $750,000 1101 508 425 9 Seller's TX El Paso $610,800 $583,000 154 53 29 15

Oakland County 975 20

Balanced TX Fort Worth $825,000 $800,000 970 393 465 8 Seller's

Washtenaw County

Seller's MI Wayne County

16

Olmsted County 83

Twin Cities $1,199,000 $1,042,500

Kansas City

St. Louis

Asheville $1,150,000

Charlotte $1,100,000

Lake Norman Seller's

Raleigh-Durham

Ocean County $900,000 $820,000

Taos $984,500

Lake Tahoe

Las Vegas

Reno $1,925,000 $1,900,000

Buyer's

Buyer's

Buyer's

TX Greater Tyler $737,500 $611,500 148 77 48 9 Seller's TX Houston $979,000 $880,000 1149 439 333 9 Seller's TX Lubbock $652,500 $599,950 88 34 28 50 Seller's TX San Angelo $650,000 $594,950 51 27 16 68 Seller's TX San Antonio $799,070 $717,515 636 262 191 16 Seller's TX The Woodlands & Spring $809,000 $741,000 213 119 162 7 Seller's UT Park City $4,250,000 $3,075,000 202 57 16 7 Buyer's UT Salt Lake City $1,132,096 $979,000 469 210 157 21 Seller's VA Arlington & Alexandria $2,250,000 $1,850,000 77 32 49 6 Seller's VA Charlottesville $1,300,000 $1,019,000 144 22 44 6 Seller's VA Fairfax County $1,999,900 $1,500,000 346 113 152 7 Seller's VA McLean & Vienna $2,750,000 $1,850,000 147 31 61 6 Seller's VA Richmond $799,900 $790,153 291 110 197 6 Seller's

Finger Lakes $866,000

Nassau County

VA Smith Mountain Lake $1,750,000 $1,325,000 33 9 8 4 Seller's WA King County - Greater Seattle $1,970,000 $1,695,000 1014 543 538 6 Seller's WA Seattle $1,893,217 $1,715,000 254 140

Staten Island $999,000

Suffolk County $1,185,000

Cincinnati $849,900 $770,000

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Seller's

Seller's WA Spokane $1,150,000 $987,500 135

167 6
62 46 9
89 120 IL
99
109 7
KS
145
MD
4
12
MD
MI
MI
36 MI
MI
11
88 95
MN
38 Balanced MN
746 21 MO
1349 313 432 7 MO
124 6 NC
85 93 11 NC
NC
NC
4 NJ
509 170 149 16 NM
84 9 114 Balanced NV
12 13 72
NV
215 31
NV
31 19 84
NY
23 NY
761 30 NY
40 29 53 Balanced NY
189 168 35 Balanced OH
238 33 59 4 Seller's

Luxury Monthly Market Review

Single Family Homes

State Market Name

Median List Price Median Sold Price

Inventory

New Listings Sold Days on Market Market Status

OH Cleveland Suburbs $699,900 $689,000 31 13 Durham 57

ON GTA - Durham $1,749,000 $1,555,000 211 136 46 14 Seller's ON GTA - York $2,375,000 $1,880,000 563 327 137 13 Seller's ON Hamilton $1,839,500 $1,510,000 254 121 27 23 Buyer's ON Mississauga $2,950,000 $2,310,000 137 64 26 18 Balanced

ON Oakville $2,514,900 $2,400,000 132 82 33 17 Seller's ON Toronto $3,799,444 $3,100,000 420 178 54 20 Buyer's

GTA - York 127 11 Seller's Hamilton 119 Buyer's Mississauga Buyer's Oakville 71 Seller's Toronto 8 Balanced ON Waterloo Region 82 2 54 Buyer's OR Portland 225 201 Seller's QC Montreal 159 Buyer's SC Hilton Head $2,065,000 $1,672,500 20

ON Waterloo Region $1,474,000 $1,300,000 166 103 49 12 Seller's OR Portland $1,350,000 $1,075,000 615 248 283 6 Seller's QC Montreal $1,999,000 $1,600,000 363 87 16 39 Buyer's SC Hilton Head $2,095,000 $1,349,000 243 58 55 12 Seller's TN Greater Chattanooga $965,000 $824,000 180 49 43 4 Seller's TN Nashville $1,699,900 $1,355,500 653 246 220 4 Seller's

TX Austin $1,098,222 $995,000 1242 586 354 9 Seller's TX Collin County $749,000 $717,786 1445 681 627 11 Seller's TX Dallas $1,300,000 $1,004,001 450 209 186 11 Seller's

TX Denton County $775,786 $750,000 1101 508 425 9 Seller's TX El Paso $610,800 $583,000 154 53 29 15

Balanced

Greater Chattanooga $984,060 50 53 22 TN Nashville $1,345,000 662 11 Austin $1,095,000 32 Collin County $749,900 $699,599 1421 22 Dallas $1,299,000 $1,135,925 435 22 Denton County 1129 375 327 Seller's El Paso 51 33 25 Balanced Fort Worth 343 354 20 Greater Tyler 198 69 44 22 Houston 1156 446 264 Lubbock 103 San Angelo 53 16 11 Balanced San Antonio 33

TX Fort Worth $825,000 $800,000 970 393 465 8 Seller's TX Greater Tyler $737,500 $611,500 148 77 48 9 Seller's TX Houston $979,000 $880,000 1149 439 333 9 Seller's TX Lubbock $652,500 $599,950 88 34 28 50 Seller's TX San Angelo $650,000 $594,950 51 27 16 68 Seller's TX San Antonio $799,070 $717,515 636 262 191 16 Seller's TX The Woodlands & Spring $809,000 $741,000 213 119 162 7 Seller's UT Park City $4,250,000 $3,075,000 202 57 16 7 Buyer's UT Salt Lake City $1,132,096 $979,000 469 210 157 21 Seller's VA Arlington & Alexandria $2,250,000 $1,850,000 77 32 49 6 Seller's VA Charlottesville $1,300,000 $1,019,000 144 22 44 6 Seller's VA Fairfax County $1,999,900 $1,500,000 346 113 152 7 Seller's VA McLean & Vienna $2,750,000 $1,850,000 147 31 61 6 Seller's VA Richmond $799,900 $790,153 291 110 197 6 Seller's

TX The Woodlands & Spring $799,945 $737,313 122 13 Seller's Park City $3,882,725 27 28 Balanced UT Salt Lake City 491 188 144 36 Arlington & Alexandria 89 Balanced Charlottesville 38 29 Balanced Fairfax County 134 18 McLean & Vienna $2,773,975 $1,829,943 54 30 20 Balanced Richmond $799,450 $770,833 336 119

VA Smith Mountain Lake $1,750,000 $1,325,000 33 9 8 4 Seller's WA King County - Greater Seattle $1,970,000 $1,695,000 1014 543 538 6 Seller's WA Seattle $1,893,217 $1,715,000 254 140 167 6 Seller's WA Spokane $1,150,000 $987,500 135 62 46 9 Seller's

VA Smith Mountain Lake 21 6 12 21 King County - Greater Seattle 1143

Seattle $1,700,000 178 143 14 WA Spokane $1,095,000 $1,010,000 148 72

14 Seller's

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

135
15
39

Luxury Monthly Market Review Attached Homes

State Market Name

Median List Price Median Sold Price

New Listings Sold Days on Market Market Status

AB Calgary $750,000 $720,000 145 44 29 46 Balanced

AZ Chandler and Gilbert

AZ Flagstaff

AZ Mesa

AZ Paradise Valley AZ Phoenix

AZ Scottsdale $872,500 $690,000 208 60 44 48 Seller's AZ Tucson

BC Mid Vancouver Island $869,900 $822,722 67 36 10 46 Buyer's BC Okanagan Valley

BC Vancouver $1,998,000 $1,787,500 1018 400 56 27 Buyer's

BC Victoria $971,950 $930,000 142 94 32 35 Seller's BC Whistler $2,518,500 $1,917,500 40 15 2 56 Buyer's

CA Central Coast $1,249,000 $1,075,000 29 13 31 14 Seller's CA East Bay $1,100,000 $1,072,500 155 86 102 17 Seller's CA Greater Palm Springs

CA Lake Tahoe

$1,850,000 $1,846,289 29 8 8 26 Seller's CA Los Angeles Beach Cities $1,850,000 $1,618,750 155 58 58 16 Seller's

CA Los Angeles City $1,649,000 $1,392,500 383 133 78 26 Balanced

CA Los Angeles The Valley $799,000 $785,000 144 54 64 23 Seller's CA Marin County $1,300,000 $977,500 32 2 10 13 Seller's CA Napa County

CA Orange County $1,180,000 $1,129,995 382 164 162 25 Seller's CA Placer County CA Sacramento

CA San Diego $1,124,000 $1,031,000 413 176 156 19 Seller's CA San Francisco $2,750,000 $2,500,000 139 34 25 33 Balanced

CA San Luis Obispo County

CA Santa Barbara $1,695,000 $1,625,000 13 9 8 6 Seller's

CA Silicon Valley $1,684,444 $1,610,000 120 66 74 15 Seller's CA Sonoma County $914,500 $744,750 20 5 10 32 Seller's CA Ventura County $750,000 $747,000 118 50 64 25 Seller's CO Aspen $3,649,000 $3,637,500 38 6 6 64 Balanced CO Boulder $876,950 $955,000 74 37 40 48 Seller's CO Colorado Springs $590,156 $602,500 44 10 18 13 Seller's

Inventory
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review Attached Homes

State Market Name

Median List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

CO Denver $998,500 $795,000 51

CO Douglas County $570,000 $560,000 26 8 10

ON GTA - Durham $1,749,000 $1,555,000 211 136 46 14 Seller's ON GTA - York $2,375,000 $1,880,000 563 327 137 13 Seller's ON Hamilton $1,839,500 $1,510,000 254 121 27 23 Buyer's ON Mississauga $2,950,000 $2,310,000 137 64 26 18 Balanced

CO Durango $793,905 $720,000 21 3 7 Seller's CO Summit County 33 8 Seller's CO Telluride

CO Vail 64 11 1 Seller's CT Central Connecticut

CT Coastal Connecticut $795,000 44 59 28 DC Washington D.C. 127 Balanced

DE Sussex County Coastal $949,450 $889,000 26 11 FL Boca Raton/Delray Beach 14

FL Coastal Pinellas County $988,150 29 24 25 FL Greater Fort Lauderdale $849,000 888 33 Balanced FL Jacksonville Beaches $1,197,000 34 6 8 47

FL Lee County $850,000 $795,000 53 37 29 Balanced

ON Oakville $2,514,900 $2,400,000 132 82 33 17 Seller's ON Toronto $3,799,444 $3,100,000 420 178 54 20 Buyer's ON Waterloo Region $1,474,000 $1,300,000 166 103 49 12 Seller's OR Portland $1,350,000 $1,075,000 615 248 283 6 Seller's QC Montreal $1,999,000 $1,600,000 363 87 16 39 Buyer's SC Hilton Head $2,095,000 $1,349,000 243 58 55 12 Seller's TN Greater Chattanooga $965,000 $824,000 180 49 43 4 Seller's TN Nashville $1,699,900 $1,355,500 653 246 220 4 Seller's TX Austin $1,098,222 $995,000 1242 586 354 9 Seller's TX Collin County $749,000 $717,786 1445 681 627 11 Seller's TX Dallas $1,300,000 $1,004,001 450 209 186 11 Seller's

TX Denton County $775,786 $750,000 1101 508 425 9 Seller's TX El Paso $610,800 $583,000 154 53 29 15 Balanced

FL Marco Island $1,697,000 $1,225,000 34 6 4 16 Buyer's FL Miami $1,399,250 $1,250,000 1280 250 111 Buyer's FL Naples $2,300,000 $2,100,000 42 29 11 Balanced FL Orlando

FL Palm Beach Towns

$1,750,000 $1,650,000 224 71 24 21 Buyer's FL & Beaches $1,700,000 $1,360,000 125

FL South Pinellas County $1,077,500 178 Balanced FL South Walton $1,543,800 $1,150,000

50

Space Coast 27 29 28

Tampa $829,000 $675,000

Seller's FL Weston

Atlanta $715,000 $649,500

TX Fort Worth $825,000 $800,000 970 393 465 8 Seller's TX Greater Tyler $737,500 $611,500 148 77 48 9 Seller's TX Houston $979,000 $880,000 1149 439 333 9 Seller's TX Lubbock $652,500 $599,950 88 34 28 50 Seller's TX San Angelo $650,000 $594,950 51 27 16 68 Seller's TX San Antonio $799,070 $717,515 636 262 191 16 Seller's TX The Woodlands & Spring $809,000 $741,000 213 119 162 7 Seller's UT Park City $4,250,000 $3,075,000 202 57 16 7 Buyer's UT Salt Lake City $1,132,096 $979,000 469 210 157 21 Seller's VA Arlington & Alexandria $2,250,000 $1,850,000 77 32 49 6 Seller's VA Charlottesville $1,300,000 $1,019,000 144 22 44 6 Seller's

Duluth

HI Island of Hawaii

HI Kauai

HI Maui $2,195,000 $1,900,000

Oahu $900,000

ID Ada County $650,000 $660,000

Northern Idaho

VA Fairfax County $1,999,900 $1,500,000 346 113 152 7 Seller's VA McLean & Vienna $2,750,000 $1,850,000 147 31 61 6 Seller's VA Richmond $799,900 $790,153 291 110 197 6 Seller's VA Smith Mountain Lake $1,750,000 $1,325,000 33 9 8 4 Seller's WA King County - Greater Seattle $1,970,000 $1,695,000 1014 543 538 6 Seller's WA Seattle $1,893,217 $1,715,000 254 140 167 6 Seller's WA Spokane $1,150,000 $987,500 135 62 46 9 Seller's

Chicago

DuPage County $925,000 $775,000

Markets with dashes do not have a

are shown in

for

priced above

prices. Prices shown for

significant luxury market
this report. Median prices represent properties
respective city benchmark
Canadian cites
Canadian Dollars.
14
51
FL
FL
13
GA
487 180 152 18 GA
52 16 14 21
44 8 11 14
61 10 21 75 HI
391 96 107 23
69 34 18 18 ID
IL
303 151 30 Balanced IL
21 10 10 18 Seller's

Luxury Monthly Market Review

Attached Homes

State Market Name

Median List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

IL Lake County

ON GTA - Durham

Will County

IN Hamilton County

KS Johnson County

Cape Cod

Greater Boston

$594,610 $598,520

MA South Shore $830,000 $810,000

MD Anne Arundel County $580,000 $555,740

Frederick County

Howard County $599,990 $582,500

Montgomery County

Talbot County

$1,749,000 $1,555,000 211 136 46 14 Seller's ON GTA - York $2,375,000 $1,880,000 563 327 137 13 Seller's ON Hamilton $1,839,500 $1,510,000 254 121 27 23 Buyer's ON Mississauga $2,950,000 $2,310,000 137 64 26 18 Balanced ON Oakville $2,514,900 $2,400,000 132 82 33 17 Seller's ON Toronto $3,799,444 $3,100,000 420 178 54 20 Buyer's ON Waterloo Region $1,474,000 $1,300,000 166 103 49 12 Seller's OR Portland $1,350,000 $1,075,000 615 248 283 6 Seller's QC Montreal $1,999,000 $1,600,000 363 87 16 39 Buyer's SC Hilton Head $2,095,000 $1,349,000 243 58 55 12 Seller's TN Greater Chattanooga $965,000 $824,000 180 49 43 4 Seller's TN Nashville $1,699,900 $1,355,500 653 246 220 4 Seller's TX Austin $1,098,222 $995,000 1242 586 354 9 Seller's

Worcester County $699,500

Livingston County

Monroe County

Oakland County

Washtenaw County

Wayne County

Olmsted County

Twin Cities

Kansas City

St. Louis

Asheville

Charlotte

Lake Norman

Raleigh-Durham

Ocean County

TX Collin County $749,000 $717,786 1445 681 627 11 Seller's TX Dallas $1,300,000 $1,004,001 450 209 186 11 Seller's TX Denton County $775,786 $750,000 1101 508 425 9 Seller's TX El Paso $610,800 $583,000 154 53 29 15 Balanced TX Fort Worth $825,000 $800,000 970 393 465 8 Seller's TX Greater Tyler $737,500 $611,500 148 77 48 9 Seller's TX Houston $979,000 $880,000 1149 439 333 9 Seller's TX Lubbock $652,500 $599,950 88 34 28 50 Seller's TX San Angelo $650,000 $594,950 51 27 16 68 Seller's TX San Antonio $799,070 $717,515 636 262 191 16 Seller's TX The Woodlands & Spring $809,000 $741,000 213 119 162 7 Seller's UT Park City $4,250,000 $3,075,000 202 57 16 7 Buyer's UT Salt Lake City $1,132,096 $979,000 469 210 157 21 Seller's VA Arlington & Alexandria $2,250,000 $1,850,000 77 32 49 6 Seller's VA Charlottesville $1,300,000 $1,019,000 144 22 44

Taos

Seller's VA Fairfax County $1,999,900 $1,500,000 346 113 152

Lake Tahoe

Seller's VA McLean & Vienna $2,750,000 $1,850,000 147 31 61

Las Vegas

Reno

Seller's

Seller's VA Richmond $799,900 $790,153 291 110 197

Smith Mountain Lake $1,750,000 $1,325,000 33

Finger Lakes

Seller's

WA King County - Greater Seattle $1,970,000 $1,695,000 1014

Nassau County

Staten Island

WA Seattle $1,893,217 $1,715,000

WA Spokane $1,150,000 $987,500

Suffolk County

Cincinnati

6
7
6
6
VA
9 8 4
543 538 6 Seller's
254 140 167 6 Seller's
135 62 46 9 Seller's
IL
3 MA
18 9 MA
19 8
57 23 45 11 MD
MD
42 6 MD
12 MD
MD
57 29 34 MI
MI
MI
80 27 27 25 MI
57 9 MI
97 24 8 55 Buyer's MN
MN
MO
MO
NC
32 10 16 NC
59 67 NC
$591,534 $595,000 27 9 8 Seller's NC
NJ
$912,000 $750,000 25 NM
NV
33 5 5 50 Balanced NV
NV
NY
NY
80 22 13 30 Balanced NY
$639,999 $642,500 33 30 33 NY
$797,000 28 OH
$674,900 17 1 0 Buyer's Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review Attached Homes

State Market Name

Median List Price Median Sold Price Inventory

New Listings Sold Days on Market Market Status

OH Cleveland Suburbs

ON GTA - Durham

Durham

$847,900 $825,000 35 28

Buyer's GTA - York $799,000 $782,500 Seller's Hamilton $887,400 $925,000 22

Mississauga $972,500 $918,000

Oakville 32 20 8 Seller's Toronto 190

ON Waterloo Region $799,950 $735,000 48 36

Buyer's OR Portland $719,000 $620,000

Seller's QC Montreal

Buyer's SC Hilton Head $1,045,000

Greater Chattanooga TN Nashville $749,750

$1,749,000 $1,555,000 211 136 46 14 Seller's ON GTA - York $2,375,000 $1,880,000 563 327 137 13 Seller's ON Hamilton $1,839,500 $1,510,000 254 121 27 23 Buyer's ON Mississauga $2,950,000 $2,310,000 137 64 26 18 Balanced ON Oakville $2,514,900 $2,400,000 132 82 33 17 Seller's ON Toronto $3,799,444 $3,100,000 420 178 54 20 Buyer's ON Waterloo Region $1,474,000 $1,300,000 166 103 49 12 Seller's OR Portland $1,350,000 $1,075,000 615 248 283 6 Seller's QC Montreal $1,999,000 $1,600,000 363 87 16 39 Buyer's SC Hilton Head $2,095,000 $1,349,000 243 58 55 12 Seller's TN Greater Chattanooga $965,000 $824,000 180 49 43 4 Seller's TN Nashville $1,699,900 $1,355,500 653 246 220 4 Seller's TX Austin $1,098,222 $995,000 1242 586 354 9 Seller's

Austin

Collin County

Dallas

Denton County El Paso

Fort Worth

Greater Tyler Houston

Lubbock San Angelo

San Antonio

Buyer's TX The Woodlands & Spring Park City $2,100,000

UT Salt Lake City $594,780 $559,900

Arlington & Alexandria $949,950 $980,000

Charlottesville $774,900 $686,700

Fairfax County $775,000 $705,000

McLean & Vienna $1,192,975

TX Collin County $749,000 $717,786 1445 681 627 11 Seller's TX Dallas $1,300,000 $1,004,001 450 209 186 11 Seller's TX Denton County $775,786 $750,000 1101 508 425 9 Seller's TX El Paso $610,800 $583,000 154 53 29 15 Balanced TX Fort Worth $825,000 $800,000 970 393 465 8 Seller's TX Greater Tyler $737,500 $611,500 148 77 48 9 Seller's TX Houston $979,000 $880,000 1149 439 333 9 Seller's TX Lubbock $652,500 $599,950 88 34 28 50 Seller's TX San Angelo $650,000 $594,950 51 27 16 68 Seller's TX San Antonio $799,070 $717,515 636 262 191 16 Seller's TX The Woodlands & Spring $809,000 $741,000 213 119 162 7 Seller's UT Park City $4,250,000 $3,075,000 202 57 16 7 Buyer's UT Salt Lake City $1,132,096 $979,000 469 210 157 21 Seller's VA Arlington & Alexandria $2,250,000 $1,850,000 77 32 49 6 Seller's VA Charlottesville $1,300,000 $1,019,000 144 22 44 6 Seller's VA Fairfax County $1,999,900 $1,500,000 346 113 152 7 Seller's VA McLean & Vienna $2,750,000 $1,850,000 147 31 61 6 Seller's VA Richmond $799,900 $790,153 291 110 197 6 Seller's VA Smith Mountain Lake $1,750,000 $1,325,000 33 9 8 4 Seller's

Richmond

VA Smith Mountain Lake

WA King County - Greater Seattle $1,970,000 $1,695,000 1014 543 538 6 Seller's WA Seattle $1,893,217 $1,715,000 254 140

King County - Greater Seattle $975,000

Seattle $1,472,500

WA Spokane

Markets with dashes

Seller's

Seller's WA Spokane $1,150,000 $987,500

167 6
135 62 46 9
5 7
4 7
5 65
105
57 8
41 5 41
116 41 53 14
284 53 19 Balanced
129 54 42 10
142 Balanced
29 5 3 160
77 14 33
174 32
14
32 6 5 Balanced
123 152 13
34 14 12
89 14
14 Balanced
do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

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