Want to find out the current state of the high-end residential real estate sector and what’s impacting buying trends in major luxury epicenters? The latest Luxury Market Report published by the Coldwell Banker Previews International® program answers this question by tracking market activity in top luxury cities across the United States and abroad.
Here is a snapshot of what’s inside the first Luxury Market Report of 2016.
- America’s top cities and ZIP codes for luxury home listings and sales – The list of Top 20 U.S. Cities for Luxury Home Listings and Sales points to a more stable pace of growth this year. Signs of change, for example, are originating from highly heated markets like Miami and San Francisco and emerging luxury hotspots like Austin.
- Hot markets based on average-list-price to average-sale-price ratio – A new component to the data this year — average-list-price to average-sale-price ratio (ALP/ASP) — also drills more deeply into identifying cities that may be hot sellers or buyers markets.
- Trends in high-end vertical living – What do sky garages, drone landing pads and pet wellness centers have in common? They’re part of the creative amenity and lifestyle packages now being offered by developers of luxury high rises in New York, Miami and Chicago to attract discriminating buyers.
- Market activity in Greenwich, New York and London – Prime buying opportunities abound in some of Greenwich’s most prestigious addresses; Central Park views make New York’s most-wanted list, while discriminating buyers in London look beyond the city’s top luxury addresses for more value.
There is much more to explore in the Luxury Market Report, especially on page 8!