T O P AT TA C H E D P R O P E RT Y O P P O RT U N I T I E S The luxury attached property market differs considerably from the single-family property market, both in terms of the sheer numbers of markets reviewed (there are fewer of them) and the timeline for demand. Overall, in 2021, attached homes experienced more gradual declines in inventory. However, their upward price swings were more dramatic compared to 2020. Among the most notable opportunity markets for luxury attached properties: Cincinnati ranked highest with a score of 305 as attached home prices dropped by 18% and inventory levels increased by 50%, followed by Lake Norman, North Carolina, California’s Marin County, Greater Seattle and
Coastal Pinellas County, Florida (which includes Tampa, St. Petersburg and Clearwater). Comparatively, Ada County ranked lowest on the Opportunity Index for high-end attached properties with an opportunity score of 109 as it saw its inventory levels in this rarified property segment drop by a staggering 62% and prices rise by 26%. There were only eight markets out of the 80 attached markets analyzed that saw any inventory gains during 2021.
305
Cincinnati, OH
277
Lake Norman, NC
254
Marin County, CA
249
Greater Seattle Cities & Suburbs, WA
246
Coastal Pinellas County West, FL
235
Manhattan, NY
238
Denver, CO
238
Nassau County, NY Brooklyn, NY
235
Seattle, WA
235 234
Naples, FL
229
San Francisco, CA
230
Island of Hawaii, HI
227
Arlington & Alexandria, VA
227
Houston, TX
225
Greater Boston, MA Chicago, IL
224
Coastal Communities, CT
219
Santa Barbara, CA
218 216
Charlotte, NC
216
Los Angeles - The Valley, CA Jacksonville Beaches, FL Tampa, FL Boulder, CO
214 213 213 212
A total score of 200+ was determined to be the baseline for a market to become an “opportunity.” Growth Opportunity Sold Price Score
Growth Opportunity Inventory Level Score
See page 137 for a full list of resources
COLDWELL BANKER GLOBAL LUXURY® - THE REPORT 2022
Ocean County, NJ
89