Luxury sales over $1,500,000 are DOWN from 442 to 402 sales over the same months last year.
Based on the last list price of the properties sold January through December 2022… • $200,000 to $400,000 had 70 properties sold. • $400,000 to $600,000 had 227 sales. • $600,000 to $800,000 had 253 sales. This is our *new* hottest segment. • $800,000 to $1,000,000 had 198 sales. • $1,000,000 to $2,000,000 had 415 sales. • $2,000,000 to $3,000,000 had 140 sales. • $3,000,000 to $4,000,000 had 62 sales. • $4,000,000 and over had 29 sales with the highest being $12,200,000!
One of my favorite stats to review is the number of sales per year since 2004. 2004 —2182 solds 2005 —2470 solds 2006 —2493 solds 2007 —2146 solds 2008 —1214 solds 2009 — 917 solds (ouch) 2010 —1005 solds 2011 —1118 solds 2012 —1319 solds 2013 —1534 solds 2014 —1685 solds 2015 —1945 solds 2016 —1862 solds There was a lack of inventory in 2016. 2017 —1975 solds This is the highest number of sold properties since 2007. 2018 —1810 solds 2019 —1785 solds 2020 —2142 solds 2021 —2137 solds 2020 and 2021-There was not a shortage of inventory, Buyers just had to move extra fast to get it. 2022 —1361 solds We are down 24% compared to a normal market of 2018 or 2019. |
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