Susan Avant Luxury Market Report FEB 2021

SUSAN AVANT L U X U RY MARKET REPORT

AUSTIN FEBRUARY 2021

SUSAN AVANT

Broker Associate, CIPS, CLHMS (Million Dollar Guild), CRS, CNE, GRI, GREEN

512.917.9936

susan.avant@compass.com www.SusanAvant.com With over thirty years of expertise in Austin’s exciting, competitive, ever-evolving housing market, Susan Avant is the best kind of ally and advocate for her clients. She believes real estate is a bit like matchmaking, in that it’s not merely a business transaction. Susan has a unique talent for honing in on the emotional component of real estate. This singular focus helps her keep her clients’ best interests at the heart of every transaction. She understands that real estate can be stressful on both sides of the transaction. Susan works tirelessly with a diverse spectrum of home buyers to find a perfect match, one that supports their lifestyle as well as their financial needs. For sellers, Susan strives to find a delicate balance between finding that ideal buyer and also getting them the best market rate for their home.

Susan is committed to working with transparency and accessibility. She walks alongside her clients, helping them navigate the nuances of the Austin market. She develops lifelong relationships with many of her clients, garnering much of her business through repeat transactions, off-market finds, and referrals. In partnering with Compass, Susan has yet another tool at her disposal to help improve her clients’ overall experience. Compass’ industry-leading technology and marketing tools complement Susan’s market expertise, service ethic, and her always-expanding professional and peer network.

After growing up in Southern California, Susan’s love affair with Texas began while getting her undergraduate degree at Southern Methodist University. Together, with her Texasborn husband, they relocated to Austin in the late-80s. Having raised two children here, Susan knows Austin’s family-friendly side, from the area schools to the extracurricular opportunities. She also knows the anxiety of moving to a new place, whether relocating from another city or moving across town. She’s always ready with local insights and a reference or two for services or businesses in your new neighborhood.

Susan lives in Westlake and serves clients across the Austin area. An active community member, Susan has been a volunteer for the Women’s Symphony League, Breakthrough Austin, and the Junior League. She is also a regular blood donor. A love of the outdoors keeps her centered outside of work. You can find Susan enjoying the hike and bike trail, watching Ballet Austin or Shakespeare in the Park at Zilker Hillside Theater, or catching a Longhorns game.

TABLE OF CONTENTS PAGE 4

LUXURY REPORT EXPLAINED

PAGE 5

WELCOME MESSAGE

PAGE 6-8

NORTH AMERICAN LUXURY MARKET REVIEW

PAGE 9

13 MONTH MARKET TRENDS

PAGE 10

SINGLE FAMILY HOMES MONTHLY OVERVIEW

PAGE 11

ATTACHED HOMES MONTHLY OVERVIEW

PAGE 12-15 MONTHLY STATISTICS BY CITY - Single Family Homes PAGE 16-19 MONTHLY STATISTICS BY CITY - Attached Homes PAGE 21

LOCAL LUXURY MARKET REVIEW

PAGE 22-23 SINGLE FAMILY HOMES - Monthly Statistics PAGE 24-25 ATTACHED HOMES - Monthly Statistics PAGE 26

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-square-foot – 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 in-depth 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.

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MAP OF LUXURY RESIDENTIAL MARKETS

W

elcome 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 © 2021 Institute for Luxury Home Marketing | www.luxuryhomemarketing.com | 214.485.3000 The Luxury Market Report is a monthly analysis provided by The Institute for Luxury Home Marketing. 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 records and Realtor.com. Data is deemed reliable to the best of our knowledge, but is not guaranteed.

NORTH AMERICAN LUXURY REVIEW There is no doubt that 2020 was the year of unpredictability, from dramatic stops and starts to multiple offers on properties that had sat on the market for years, as well as significant lifestyle changes in both work, home, and play.

As we look to the trends being predicted for 2021, many experts find themselves in a quandary as the pandemic is still a major factor, and its long term effects remain somewhat of an unknown entity.

Work/lifestyle balance may have been a trend that was cemented by the pandemic in 2020, but this initial trend has long been in the making as people recognized the need to de-stress their lives. As we move in 2021, there is an expectation that this will be one of the lasting trends and exurban, rural, and resort locations will be the beneficiaries. The pandemic is still fueling the uptick in numbers of new residents who are now ready to enjoy the perks of these lifestyles, especially given that they can work from home.

Equally it is expected that the affluent will continue to realign their priorities to spend more on real estate to provide their families a sense of security, health safety, and privacy. For the wealthy this will mean that work, school, socializing, and entertainment will take place in their homes through much of 2021.

Prices for luxury properties have climbed steadily over the last few months in the majority of luxury markets across North America, even in major metropolitan cities. Another recent surprise has been the uptick in the number of sales in the attached property market.

Much of this demand has stemmed from the growth of the wealthy, both in terms of financial and

numbers, during 2020. They have been responsible for an upsurge in property purchases in exurban and rural communities, as well as larger attached properties in metropolitan markets.

For those who did sell their city property, it is speculated that there will be a return of the pied-a-terre as they buy back into their metropolitan city. These buyers are taking advantage of condo prices that did fall slightly and increased inventory levels that rose significantly during the last six to eight months of 2020.

Many experts believe that, if COVID starts to dissipate or becomes more controllable during 2021, there will be a return to the big city life, as some will miss the cultural and social aspects, and others will recognize that it is a necessary step to advance their careers or businesses.

Other experts believe that the demand for exclusive residential properties that offer larger footprints, provide more amenities such as private outdoor space, touchless technology, numerous home offices, and health perks including air and water filtration to natural and ambient lighting systems, will still be the driving force of luxury real estate in 2021. Stating that the trends of 2020 have created a complete shift in lifestyle choices that is unlikely to be reversed.

Factor in lower interest rates, low inventory levels, new wealth from sectors that benefitted from the pandemic, a millennial population that is ready to find a safe haven, and significant increase in second home buying as well as upsizing and new properties offering higher wellness standards, and you have the perfect storm for creating a continued strong buyer demand.

The bigger question lies in whether current sales levels and price increases can be sustained indefinitely. There is always a point at which prices do become too high and demand levels off, but

for communities where inventory levels are at an all-time low, this trend may well continue far into 2021. In fact, many luxury markets saw a significant decrease in inventory in January 2021. Single family available properties are down over 30% from January 2020.

Just as the pandemic had an impact on the types of property in demand, so too has it affected the design trends for 2021.

2020 was a big year for the home décor market, both inside and out, especially for those homeowners who chose not to move, but instead invest in reimagining their lifestyle spaces. Design trends for 2021 are predicted to take their cue from the collective pulse and include a range of choices based on necessity through to creating a personal refuge.

Working from home has made the importance of creating a dedicated office space the number one priority for many homeowners. As a result, the idea of a home office has evolved from finding a quiet space in the house to creating a dedicated location which not only caters for a work area but work-related storage items too.

The

affluent,

requirements,

often with

with

both

multiple

parents

and

children needing space, have looked to repurpose rooms within their homes. There is also a clear focus that many are looking to reconfigure their spaces, so there is a distinct separation between work and family areas.

As

the

number

of

virtual

meetings

increased, so too has the desire to ensure that the environment showcased to other participants become more aesthetically pleasing. Backdrops have been redesigned to show artwork, clean lines, carefully curated furnishings and finishing, and even new methods of lighting have been introduced to create softer more flattering images on the screen.

The

trend

for

multi-functional

open

concept living has now been replaced with adapting the home to create more private and quieter spaces, as we now work, exercise and entertain within the home environment. As guest bedrooms are no

longer required, often these are being converted into offices, large recreational rooms are being sub-divided to include multiple workstations for home schooling and garage space repurposed to include personal gyms.

Given the amount of time now spent in the home, design trends have swung away from more formal spaces that were a showcase for entertainment to become more informal. Softer furniture designs, more relaxed materials and textured finishings are being introduced to provide functionality and durability. Colors and tones incorporated to create calmer more welcoming spaces that invite long term stay.

One trend that has stayed the course, is the desire to bring the outdoors in and vice versa, so there is no distinction between the exterior and interior once the doors are open. In the winter months, the need for natural light has seen an increase in demand for the implementation of larger windows, and the inclusion of sliding doors ready for the warmer summer months.

Large residential developers, particularly those with luxury condominium buildings that prior to pandemic were scheduled for release, have had to rethink their strategies for 2021. The demand for wellness amenities, private and separate spaces, as well as touchless technology has meant a considerable adjustment to many plans. However, the reward has been significant as the affluent are willing to invest in properties that prioritize their demand for health, safety and mental wellness.

– 13 - MONTH MARKET TRENDS – FOR THE LUXURY NORTH AMERICAN MARKET

Single-Family Homes

Attached Homes

Single-Family List Price

Attached List Price

All data is based off median values. Median prices represent properties priced above respective city benchmark prices.

80

74

DAYS ON MARKET

62 60

57

55

43

40

42

38

33

38

37

34

36

34

31 20

0

JAN

FEB

MAR

APR

MAY

JUN

JUL

31

32

27

29

AUG

SEP

36

28

35

OCT

38

34

29

35

29

NOV

DEC

JAN

SALES PRICE VS. LIST PRICE

$487 $384

$499 $384

$478 $377

$506 $383

$382

$372

$448

$468

$492 $372

$473 $338

$354

$443

$468 $343

$368

$300

$354

$470

$451

$400

$485

$500

$372

PRICE PER SQUARE FOOT

$600

$200

$100

$0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

DEC

JAN

$1,900,000 $1,700,000 $1,500,000 $1,300,000 $1,100,000 $900,000 $700,000 $500,000

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

– LUXURY MONTHLY MARKET REVIEW – A Review of Key Market Differences Year over Year January 2020 | January 2021

SINGLE-FAMILY HOMES Jan.2020

Jan. 2021

Median List Price

$1,595,000 $1,799,000

Total Inventory

Median Sale Price

$1,368,500 $1,350,000

New Listings

Median SP/LP Ratio

96.75%

97.91%

Total Sold

Total Sales Ratio

13.42%

38.58%

Median Days on Market

$372

$384

Median Price per Sq. Ft.

Average Home Size

Jan. 2020

Jan. 2021

40,508

24,721

11,566

7,635

5,436

9,537

74

38

3,771

3,551

Median prices represent properties priced above respective city benchmark prices.





3,931

4,101

New Listings

Total Sold





36

25.16%

Med. Sale Price

Days on Market

Sales Ratio

18,500

$



SINGLE-FAMILY HOMES MARKET SUMMARY | JANUARY 2021 •

Official Market Type: Seller's Market with a 38.58% Sales Ratio.1

•

Homes are selling for an average of 97.91% of list price.

•

The median luxury threshold2 price is $900,000, and the median luxury home sales price is $1,350,000.

•

Markets with the Highest Median Sales Price: Vail ($4,988,100), Los Angeles Beach Cities ($4,200,000), Los Angeles City ($3,425,000), and Vancouver ($3,250,000).

•

Markets with the Highest Sales Ratio: Ada County (229%), Austin (181%), East Bay (167%) and Sacramento (154%).

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.

– LUXURY MONTHLY MARKET REVIEW – A Review of Key Market Differences Year over Year January 2020 | January 2021

ATTACHED HOMES Jan.2020

Jan. 2021

Median List Price

$999,450

$1,077,500

Median Sale Price

$900,000

$905,500

Median SP/LP Ratio

97.75%

Total Sales Ratio Median Price per Sq. Ft.

Jan. 2020

Jan. 2021

15,864

13,533

New Listings

4,542

3,997

98.55%

Total Sold

2,053

3,234

12.94%

23.90%

Median Days on Market

55

35

$451

$487

2,015

2,031

Total Inventory

Average Home Size

Median prices represent properties priced above respective city benchmark prices.





545

1,181

New Listings

Total Sold



5,500

$

Med. Sale Price



20



10.96%

Days on Market

Sales Ratio

ATTACHED HOMES MARKET SUMMARY | JANUARY 2021 •

Official Market Type: Seller's Market with a 23.90% Sales Ratio.1

•

Attached homes are selling for an average of 98.55% of list price.

•

The median luxury threshold2 price is $700,000, and the median attached luxury sale price is $905,500.

•

Markets with the Highest Median Sales Price: Vail ($2,525,000), San Francisco ($2,225,000), Island of Hawaii ($2,222,500), and Park City ($1,912,000).

•

Markets with the Highest Sales Ratio: GTA-Durham (513%), Central Coast (260%), GTA-York (134%) and Ventura County (125%).

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.

– 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

AB

Calgary

$1,180,000

$999,000

381

179

91

56

Seller's

AZ

Paradise Valley

$3,997,500

$2,425,000

114

22

26

105

Seller's

AZ

Phoenix

$1,300,000

$850,000

177

56

154

41

Seller's

AZ

Scottsdale

$2,500,000

$1,650,000

316

88

154

64

Seller's

AZ

Tucson

$825,000

$650,000

328

108

195

15

Seller's

BC

Greater Victoria

$2,399,000

$1,875,000

63

33

7

70

Buyer's

BC

Okanagan Valley

$1,787,500

$1,318,500

272

76

58

72

Seller's

BC

Vancouver

$4,489,000

$3,250,000

688

275

97

10

Buyer's

CA

Central Coast

$3,996,500

$2,172,500

154

42

52

15

Seller's

CA

East Bay

$2,674,000

$1,892,500

134

82

224

9

Seller's

CA

Lake Tahoe

$4,041,500

$1,650,000

30

13

13

91

Seller's

CA

Los Angeles Beach Cities

$5,347,500

$4,200,000

338

94

51

47

Balanced

CA

Los Angeles City

$4,950,000

$3,425,000

716

248

98

47

Buyer's

CA

Los Angeles The Valley

$2,724,500

$1,800,000

324

123

176

23

Seller's

CA

Marin County

$3,822,500

$2,737,500

46

8

22

34

Seller's

CA

Napa County

$2,697,500

$1,870,000

66

10

10

59

Balanced

CA

Orange County

$2,999,500

$1,800,000

787

258

338

21

Seller's

CA

Palm Springs/Palm Desert

$2,300,000

$1,495,000

238

62

123

53

Seller's

CA

Placer County

$1,100,000

$926,000

73

31

78

28

Seller's

CA

Sacramento

$949,500

$705,000

226

118

347

12

Seller's

CA

San Diego

$2,995,000

$1,700,000

518

182

296

17

Seller's

CA

San Francisco

$4,500,000

$3,090,000

89

30

34

18

Seller's

CA

San Luis Obispo County

$1,865,000

$1,260,000

97

13

29

N/A

Seller's

CA

Santa Barbara

$4,722,500

$3,150,000

118

31

43

36

Seller's

CA

Silicon Valley

$4,500,000

$3,025,000

257

114

153

12

Seller's

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

CA

Ventura County

$2,750,000

$1,460,000

146

44

86

38

Seller's

CO

Boulder

$2,162,500

$1,705,850

152

35

51

69

Seller's

CO

Colorado Springs

$1,035,000

$780,500

96

39

74

10

Seller's

CO

Denver

$1,500,000

$1,094,750

316

118

238

23

Seller's

CO

Douglas County

$1,500,000

$1,110,000

114

39

63

23

Seller's

CO

Durango

$1,525,000

$1,150,000

52

15

13

93

Seller's

CO

Summit County

$2,990,000

$1,658,578

16

6

8

86

Seller's

CO

Vail

$7,245,000

$4,988,100

78

8

14

58

Balanced

CT

Central Connecticut

$689,900

$584,250

284

64

84

52

Seller's

CT

Coastal Connecticut

$2,269,500

$1,475,000

628

134

179

65

Seller's

DC

Washington D.C.

$4,750,000

$2,807,500

49

10

10

50

Balanced

FL

Boca Raton/Delray Beach

$2,949,500

$2,020,000

272

66

55

112

Balanced

FL

Coastal Pinellas Towns

$1,599,900

$1,790,000

35

15

13

38

Seller's

FL

Greater Fort Lauderdale

$1,650,000

$969,500

779

193

196

48

Seller's

FL

Jacksonville Beaches

$1,799,000

$1,180,000

107

29

41

38

Seller's

FL

Lee County

$1,725,000

$1,589,000

294

76

82

87

Seller's

FL

Miami

$1,490,000

$1,236,000

838

191

159

91

Balanced

FL

Naples

$2,995,000

$1,997,500

283

83

106

51

Seller's

FL

Orlando

$1,697,000

$1,350,000

289

66

51

94

Balanced

FL

Palm Beach Towns

$4,500,000

$3,175,000

145

33

35

73

Seller's

FL

Sarasota & Beaches

$1,850,000

$1,970,000

142

35

49

28

Seller's

FL

South Walton

$2,872,500

$2,197,500

124

24

40

24

Seller's

FL

Tampa

$939,500

$717,559

335

107

174

20

Seller's

GA

Atlanta

$1,375,000

$962,175

572

168

180

30

Seller's

HI

Island of Hawaii

$2,900,000

$1,595,000

109

21

31

29

Seller's

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

HI

Kauai

$2,700,000

$2,375,000

101

12

20

66

Balanced

HI

Maui

$4,285,000

$2,112,000

129

17

28

115

Seller's

HI

Oahu

$3,697,500

$2,437,500

164

28

26

36

Balanced

ID

Ada County

$819,900

$750,500

48

35

110

3

Seller's

ID

Northern

$1,250,000

$880,000

161

57

87

75

Seller's

IL

Chicago

$1,399,000

$1,085,000

856

317

229

70

Seller's

IL

DuPage County

$1,185,000

$926,875

329

121

68

81

Balanced

IL

Lake County

$1,199,900

$868,500

327

92

62

94

Balanced

IL

Will County

$759,900

$576,785

145

40

42

40

Seller's

IN

Hamilton County

$914,000

$769,046

72

22

51

41

Seller's

MA

Greater Boston

$3,495,000

$3,042,500

71

14

24

80

Seller's

MD

Anne Arundel County

$1,100,000

$895,203

129

35

67

11

Seller's

MD

Montgomery County

$2,047,500

$1,508,000

112

40

78

11

Seller's

MD

Talbot County

$2,425,000

$1,455,000

40

1

10

62

Seller's

MD

Worcester County

$1,349,000

$1,277,500

27

5

2

40

Buyer's

MI

Livingston County

$849,950

$625,000

40

9

19

36

Seller's

MI

Monroe County

$695,500

$530,000

15

1

3

74

Balanced

MI

Oakland County

$849,000

$650,000

434

123

130

30

Seller's

MI

Washtenaw County

$800,000

$690,000

95

18

14

45

Buyer's

MI

Wayne County

$779,000

$607,500

187

49

40

25

Seller's

MO

St. Louis

$850,000

$667,500

87

18

44

13

Seller's

NC

Charlotte

$1,100,000

$825,000

318

96

198

13

Seller's

NC

Raleigh-Durham

$827,450

$700,000

370

116

266

3

Seller's

NJ

Ocean County

$885,000

$812,893

233

69

130

37

Seller's

NV

Las Vegas

$956,167

$755,000

602

178

329

32

Seller's

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

NV

Reno

$1,792,000

$1,297,500

41

11

30

72

Seller's

NY

Brooklyn

$1,680,000

$1,387,500

248

46

14

55

Buyer's

NY

Nassau County

$1,895,000

$1,379,500

769

167

152

69

Balanced

NY

Suffolk County

$1,599,000

$1,100,000

890

179

171

48

Balanced

ON

GTA - Durham

$1,897,000

$1,234,000

92

79

127

6

Seller's

ON

GTA - York

$2,760,000

$1,855,000

305

234

207

17

Seller's

ON

Oakville

$3,788,800

$2,650,000

59

27

11

24

Balanced

ON

Toronto

$3,650,000

$3,052,500

251

157

66

16

Seller's

TX

Austin

$1,950,000

$882,000

125

57

226

7

Seller's

TX

Collin County

$824,995

$655,000

153

48

141

35

Seller's

TX

Dallas

$1,177,000

$862,450

318

98

114

49

Seller's

TX

Denton County

$888,000

$695,000

131

64

121

36

Seller's

TX

Fort Worth

$1,034,658

$771,000

232

88

152

31

Seller's

TX

Houston

$850,000

$755,000

1,445

483

213

42

Buyer's

TX

San Antonio

$949,900

$810,000

244

64

59

73

Seller's

TX

The Woodlands & Spring

$1,050,000

$718,536

196

51

80

27

Seller's

UT

Park City

$4,950,000

$3,000,000

81

19

25

63

Seller's

UT

Salt Lake City

$1,262,500

$1,000,000

98

26

70

55

Seller's

VA

Arlington & Alexandria

$2,199,000

$1,687,500

48

15

18

18

Seller's

VA

Fairfax County

$2,499,500

$1,532,500

240

68

82

28

Seller's

VA

McLean & Vienna

$2,797,500

$1,675,000

134

37

37

27

Seller's

VA

Richmond

$875,000

$739,720

167

45

67

30

Seller's

WA

Greater Seattle

$2,095,000

$1,647,500

453

102

286

12

Seller's

WA

Seattle

$1,859,500

$1,512,500

104

42

90

20

Seller's

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

AB

Calgary

$930,000

$850,000

66

18

7

27

Buyer's

AZ

Paradise Valley

-

-

-

-

-

-

-

AZ

Phoenix

-

-

-

-

-

-

-

AZ

Scottsdale

$900,000

$675,000

125

38

73

57

Seller's

AZ

Tucson

-

-

-

-

-

-

-

BC

Greater Victoria

$912,450

$1,086,900

82

35

4

25

Buyer's

BC

Okanagan Valley

-

-

-

-

-

-

-

BC

Vancouver

$1,988,800

$1,644,000

625

267

100

8

Balanced

CA

Central Coast

$1,295,000

$1,100,000

5

3

13

10

Seller's

CA

East Bay

$1,038,440

$965,000

66

44

66

9

Seller's

CA

Lake Tahoe

$1,300,000

$1,180,000

29

7

12

43

Seller's

CA

Los Angeles Beach Cities

$1,749,000

$1,430,000

191

77

65

18

Seller's

CA

Los Angeles City

$1,549,500

$1,200,000

396

136

73

45

Balanced

CA

Los Angeles The Valley

$879,000

$763,500

35

21

42

27

Seller's

CA

Marin County

$1,299,000

$966,000

11

4

7

72

Seller's

CA

Napa County

-

-

-

-

-

-

-

CA

Orange County

$1,195,000

$942,000

224

87

167

16

Seller's

CA

Palm Springs/Palm Desert

-

-

-

-

-

-

-

CA

Placer County

-

-

-

-

-

-

-

CA

Sacramento

-

-

-

-

-

-

-

CA

San Diego

$1,296,000

$879,000

289

129

147

22

Seller's

CA

San Francisco

$2,995,000

$2,225,000

84

33

25

66

Seller's

CA

San Luis Obispo County

-

-

-

-

-

-

-

CA

Santa Barbara

$1,912,500

$1,495,000

20

14

9

16

Seller's

CA

Silicon Valley

$1,679,685

$1,600,000

63

37

35

26

Seller'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

CA

Ventura County

$863,900

$750,000

28

12

35

21

Seller's

CO

Boulder

$1,065,000

$766,000

67

14

22

82

Seller's

CO

Colorado Springs

-

-

-

-

-

-

-

CO

Denver

$764,450

$651,250

334

138

202

23

Seller's

CO

Douglas County

$599,900

$587,218

14

8

15

39

Seller's

CO

Durango

$825,000

$684,500

9

3

4

44

Seller's

CO

Summit County

$1,450,000

$1,030,000

5

1

3

5

Seller's

CO

Vail

$3,545,000

$2,525,000

98

10

19

82

Balanced

CT

Central Connecticut

-

-

-

-

-

-

-

CT

Coastal Connecticut

$1,070,000

$745,500

193

34

44

71

Seller's

DC

Washington D.C.

$1,995,000

$1,497,500

179

53

46

14

Seller's

FL

Boca Raton/Delray Beach

$1,095,000

$810,000

323

58

61

43

Balanced

FL

Coastal Pinellas Towns

$1,009,000

$805,000

69

20

26

15

Seller's

FL

Greater Fort Lauderdale

$875,000

$702,000

1,115

188

98

80

Buyer's

FL

Jacksonville Beaches

$1,094,000

$1,045,000

27

8

6

32

Seller's

FL

Lee County

$889,000

$741,250

226

49

54

57

Seller's

FL

Miami

$1,085,000

$881,000

2,369

366

122

233

Buyer's

FL

Naples

$2,495,000

$1,875,000

157

29

43

62

Seller's

FL

Orlando

$720,000

$577,500

49

13

8

96

Balanced

FL

Palm Beach Towns

$1,775,000

$1,310,063

253

44

46

175

Balanced

FL

Sarasota & Beaches

$2,197,000

$1,400,000

182

49

72

29

Seller's

FL

South Walton

$1,246,140

$1,020,000

126

14

19

8

Balanced

FL

Tampa

$734,950

$585,000

80

30

29

35

Seller's

GA

Atlanta

$675,000

$655,000

483

185

86

47

Balanced

HI

Island of Hawaii

$1,965,000

$2,222,500

42

8

24

42

Seller'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

HI

Kauai

$1,550,000

$1,205,000

67

11

15

4

Seller's

HI

Maui

$1,850,000

$1,800,000

115

22

15

119

Buyer's

HI

Oahu

$1,595,000

$995,000

304

48

27

40

Buyer's

ID

Ada County

$695,000

$587,000

11

1

10

1

Seller's

ID

Northern

-

-

-

-

-

-

-

IL

Chicago

$1,155,900

$1,011,000

869

285

98

69

Buyer's

IL

DuPage County

$719,450

$698,500

52

16

2

12

Buyer's

IL

Lake County

-

-

-

-

-

-

-

IL

Will County

-

-

-

-

-

-

-

IN

Hamilton County

-

-

-

-

-

-

-

MA

Greater Boston

$2,349,000

$1,795,000

259

73

33

55

Buyer's

MD

Anne Arundel County

$592,500

$528,000

24

10

23

19

Seller's

MD

Montgomery County

$819,950

$677,500

138

53

60

16

Seller's

MD

Talbot County

-

-

-

-

-

-

-

MD

Worcester County

$739,450

$623,605

56

23

18

34

Seller's

MI

Livingston County

-

-

-

-

-

-

-

MI

Monroe County

-

-

-

-

-

-

-

MI

Oakland County

$824,495

$575,000

58

18

9

17

Balanced

MI

Washtenaw County

$622,450

$575,000

40

14

13

20

Seller's

MI

Wayne County

$664,750

$650,000

52

8

3

58

Buyer's

MO

St. Louis

-

-

-

-

-

-

-

NC

Charlotte

$769,000

$600,000

133

27

39

58

Seller's

NC

Raleigh-Durham

-

-

-

-

-

-

-

NJ

Ocean County

$689,000

$673,000

15

1

10

61

Seller's

NV

Las Vegas

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

NV

Reno

NY

Brooklyn

$1,296,500

$995,000

590

125

70

56

Buyer's

NY

Nassau County

$1,391,500

$1,260,000

120

21

19

103

Balanced

NY

Suffolk County

$799,000

$718,500

92

26

34

62

Seller's

ON

GTA - Durham

$829,900

$786,500

16

38

82

4

Seller's

ON

GTA - York

$876,500

$940,000

125

180

167

8

Seller's

ON

Oakville

$2,319,500

$1,212,500

26

9

2

15

Buyer's

ON

Toronto

$1,300,000

$1,070,000

515

366

204

13

Seller's

TX

Austin

$983,393

$655,700

130

42

52

35

Seller's

TX

Collin County

-

-

-

-

-

-

-

TX

Dallas

$875,000

$770,000

147

40

18

109

Buyer's

TX

Denton County

-

-

-

-

-

-

-

TX

Fort Worth

-

-

-

-

-

-

-

TX

Houston

$685,500

$565,000

150

44

19

86

Buyer's

TX

San Antonio

$839,000

$697,000

37

7

3

101

Buyer's

TX

The Woodlands & Spring

-

-

-

-

-

-

-

UT

Park City

$2,450,000

$1,912,000

85

24

28

13

Seller's

UT

Salt Lake City

$800,000

$599,500

41

10

22

38

Seller's

VA

Arlington & Alexandria

$1,469,000

$970,000

65

28

33

12

Seller's

VA

Fairfax County

$859,990

$685,000

99

39

94

8

Seller's

VA

McLean & Vienna

$1,311,450

$930,000

36

12

7

6

Balanced

VA

Richmond

-

-

-

-

-

-

-

WA

Greater Seattle

$1,295,000

$1,125,000

215

62

57

9

Seller's

WA

Seattle

$1,494,000

$1,275,000

112

30

19

77

Balanced

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.

AU S T I N TE X A S –February 2021–

AUSTIN

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | JANUARY 2021 Inventory

Sales

Luxury Benchmark Price 1: $620,000 $4,000,000+

31

1

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

5

2

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

Total Inventory: 125 8

3 3

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

Total Sales: 226 Seller's Market

7

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

Total Sales Ratio2: 181%

11

6

$1,750,000 - $1,999,999

13

9

$1,500,000 - $1,749,999

12

8

13

$1,250,000 - $1,499,999

$1,000,000 - $1,249,999 $900,000 - $999,999

26 7

$750,000 - $799,999

5

$700,000 - $749,999

5

25 20

25

1

32 5

$620,000 - $649,999

1

21

1

$800,000 - $899,999

$650,000 - $699,999

25

5

16

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$710,000

3

2

40

19

211%

2,000 - 3,499

$851,000

4

3

121

41

295%

3,500 - 4,999

$1,172,000

4

5

51

24

213%

5,000 - 6,499

$2,000,000

4

5

12

14

86%

6,500 - 7,999

NA

NA

NA

0

11

0%

8,000+

$3,025,000

6

8

2

16

13%

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% MLS® data reported previous month’s sales exceeded current inventory.

AUSTIN

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

$773,000

$833,950

529

455

433 115 Jan-20

$859,500

150

Feb-20

212

Mar-20

$813,500

$790,000

653

678

180

Apr-20

Inventory

$875,000

$867,500

$840,000

677

604

554

378

304

374

Solds

$897,500

492 336

$875,000

438

377

$851,350

361

306

171

May-20

$915,000

257

$882,000

341

125 Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nov-20

Dec-20

226

Jan-21

MEDIAN DATA INVENTORY December

January

257

SOLDS December

January

125 VARIANCE: -51 %

226 VARIANCE: -34 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

December

$

January

349

351 VARIANCE: 1 % $

341

December

January

100.00% 100.00% VARIANCE: 0 %

SALES PRICE December

915k

$

January

882k VARIANCE: -4 % $

DAYS ON MARKET December

January

10

7 VARIANCE: -30 %

AUSTIN MARKET SUMMARY | JANUARY 2021 • The Austin single-family luxury market is a Seller's Market with a 181% Sales Ratio.

• Homes sold for a median of 100.00% of list price in January 2021.

• The most active price band is $650,000-$699,999, where the sales ratio is 3200%.

• The median luxury sales price for single-family homes has decreased to $882,000.

• The median days on market for January 2021 was 7 days, down from 10 in December 2020.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3

AUSTIN

ATTACHED HOMES

LUXURY INVENTORY VS. SALES | JANUARY 2021 Inventory

Sales

Luxury Benchmark Price 1: $530,000 $1,500,000+ $1,400,000 - $1,499,999 $1,300,000 - $1,399,999

8

0

Total Sales: 52

Total Sales Ratio2: 40%

5

0

8

3

$900,000 - $999,999

17

5

$750,000 - $799,999

9

5 4

1

4

$650,000 - $699,999

6

8

$600,000 - $649,999

1

12

4 4

$575,000 - $599,999

$530,000 - $549,999

13

6

$800,000 - $899,999

$550,000 - $574,999

Seller's Market

9

1

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

$700,000 - $749,999

Total Inventory: 130

5

0

$1,200,000 - $1,299,999 $1,100,000 - $1,199,999

26

2

6

3 4 4

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 999

$555,000

2

2

3

12

25%

1,000 - 1,499

$775,000

2

2

11

38

29%

1,500 - 1,999

$652,450

3

3

26

32

81%

2,000 - 2,499

$670,000

3

3

8

17

47%

2,500 - 2,999

$681,250

4

3

2

15

13%

3,000+

$2,702,500

3

4

2

16

13%

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% MLS® data reported previous month’s sales exceeded current inventory.

AUSTIN

ATTACHED HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

$614,250

$672,000

37

55

Feb-20

Mar-20

30 Jan-20

$675,000

$652,500

249

219

196

184

156

$722,500

Inventory

$727,888

$670,000

$632,500

283

247

269

Solds

$663,500

$691,638

269

276

$620,000

$667,000

$655,700

239 184

26

38

Apr-20

May-20

50

30 Jun-20

Jul-20

46

58

Aug-20

Sep-20

52 Oct-20

Nov-20

130

80

49

52

Dec-20

Jan-21

MEDIAN DATA INVENTORY December

January

184

SOLDS December

January

130 VARIANCE: -29 %

52 VARIANCE: -35 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

December

January

421

$

432 VARIANCE: 3 % $

80

December

January

98.33%

98.31% VARIANCE: 0 %

SALES PRICE December

$

667k

January

656k VARIANCE: -2 % $

DAYS ON MARKET December

January

33

35 VARIANCE: 6 %

AUSTIN MARKET SUMMARY | JANUARY 2021 • The Austin attached luxury market is a Seller's Market with a 40% Sales Ratio.

• Homes sold for a median of 98.31% of list price in January 2021.

• The most active price band is $600,000-$649,999, where the sales ratio is 150%.

• The median luxury sales price for attached homes has decreased to $655,700.

• The median days on market for January 2021 was 35 days, up from 33 in December 2020.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3

Thank you for taking time to view this report, I hope you find it to be of value. If you would like more information on any specific area, down to a zip code or neighborhood, please reach out. I would like the opportunity to help you find your place in the world.

- Susan Avant

SUSAN AVANT

512.917.9936 | susan.avant@compass.com | www.SusanAvant.com