May 2024 was a healthy month for the Oahu luxury real estate market. Click through this report to learn about what happened in the market in May 2024. You’ll see the top single-family home and condominium sales, data on active listings and escrows, and statistical comparisons to April. There was an increase in median price in both the luxury single-family home and luxury condo markets. Inventory remains low but there are a lot of buyers looking for homes and condos across the island.   See the full Oahu Luxury Real Estate report by Caron B Realty here. View more Luxury Real Estate ..read more

Miami has been predicted as the top location in America for luxury home buyers in 2024 according to Knight Frank’s 2024 Wealth Report. Next is New York with expected price growth of 2%, followed by Los Angeles with a 1% growth for 2024. According to the report, Miami also had the highest percentage in price increases across America in 2023 with luxury home prices growing 6.5% year-over-year. This year the Wealth Report predicts Miami to continue the trend as the best-performing luxury real estate market across the U.S. in 2024, with an overall expected price growth of 4%.  Also noted in t ..read more

The luxury real estate market in Beverly Hills has had an active year with multiple year-over-year increases according to a market summary provided by Joe Babajian, Rodeo Realty. The market report analyzed all residential property types in April 2024 and outlined a year-over-year increase in number of home sales of 16.67% to 28 in April 2024 compared to 24 in April 2023. In addition to more sales, new listings also increased by 40.32% to 87 in April 2024 compared to 62 April 2023. The average days on the market increased by 3.08% from 65 in April 2023 to 67 in April 2024. Perhaps the most not ..read more

Though luxury sales in Manhattan, as well as inventory, decreased compared to March 2023, both the number of days on market and price per square foot increased year-over-year, according to a Corcoran report for Manhattan $5M+ Luxury Sales for March 2024. The report shows March 2024 had 71 deals above $5 million, which was a 19% year-over-year decrease. The annual decline was driven by a 70% drop in contracts asking between $10M to $20M, as outlined in the report. However, luxury sales increased 8% month-over-month from February 2024 to March 2024. In conjunction with less luxury home sales, av ..read more

Home sales in the luxury real estate market are expected to increase throughout 2024 according to Coldwell Banker Global Luxury’s Trend Report.  Though market conditions continue to stabilize with pent-up demand, a strong sales ratio, and increasing prices, counteracting factors like low inventory, higher interest rates, and higher prices have been balancing the market, and year-over-year home sales began to rise as 2023 concluded according to the report. After a slower start to sales in 2023, the last quarter of the year saw an increase in year-over-year luxury home sales. Compared to Q4 ..read more

While challenges of higher interest rates and lower listing inventory continue to affect luxury real estate markets across the globe, the majority of Christie’s International Real Estate affiliates look at the 2024 market with “opportunity and optimism”. Based on several affiliate surveys and interviews conducted by Christie’s International Real Estate, the annual Global Luxury Real Estate Forecast for 2024 outlines a strong demand for luxury real estate with more inventory expected to enter the market throughout the year. While inventory increases will likely help with a lack of supply acros ..read more

Discover the pinnacle of mountain living with this extraordinary mountain contemporary estate, expertly designed by Tahoe’s esteemed builder, John Brink. Nestled at the end of a cul-de-sac, spanning two lots for maximum privacy, this 5-bed, 7.5-bath sanctuary boasts unparalleled opulence and tranquility. Feast your eyes on breathtaking mountain vistas from every angle, while enjoying the exclusivity of a .87-acre parcel. And if space is what you crave, seize the opportunity to expand with an additional .43-acre vacant parcel available for purchase. Indulge in seamless access to the Home Run sk ..read more

Calgary’s real estate market is expected to be busy throughout 2024 as the population continues to grow but inventory levels remain low.  As part of the current fastest-growing province in Canada, housing continues to be in demand throughout Calgary. Fueled partly by interprovincial migration from more expensive provinces like British Columbia and Ontario, Alberta has seen population increases of 10,000 or more for 5 quarters in a row and is expected to continue to increase into the future, according to Statistics Canada data. Another factor feeding the Calgary real estate market is affor ..read more

Home buyers will have more options as more inventory becomes available for home buyers across the United States compared to last year with Denver, Colorado experiencing the highest year-over-year jump in new listings for January 2024, according to the recent Realtor.com report.  Compared to January 2023, active listings across the United States increased by 7.9%, and new listings were up by 2.8% year-over-year, with more than half of the 50 largest metropolitan areas noting an annual increase.   Out of those cities analyzed in the report, Denver, Colorado had the highest percent ..read more

The number of luxury single-family homes sold in January remained the same as in December 2023. This is the first time since we’ve been keeping data that January has not had a decrease in sales compared to December, as shown in the chart. The sales volume is still lower than in the previous months, but the low number of sales is primarily due to the lack of inventory. There is a lot of activity in the market and a lot of buyers out there. While the median price increased slightly, price per square foot was up 38%. 57% of homes sold at or above asking price and received 99.2% of the list price ..read more