Coldwell Banker Global Luxury unveiled The Report, which is an annual review of luxury real estate in 2017.
The Report by Coldwell Banker Global Luxury is a definitive guide for international high-end property buying and selling which compiles industry intelligence with insider insights from agents on the ground in many established and unexpected luxury markets.
Coldwell Banker is proud to unveil The Report, a one-of-a-kind report that blends industry data with insights from our greatest resource, our Luxury Property Specialists across the country. We found that luxury real estate was strong, stable and consistent in 2017. This market intelligence is critical for agents based in both established and unexpected luxury hubs, especially as they gear up for what is expected to be another strong year in luxury real estate in 2018.
Among its many features, The Report also profiles nearly 50 Power Markets where affluent buyers are flocking for lifestyle and culture. The Report also narrows this list of fifty markets to uncover the top five Power Markets to Watch for Buyers and Sellers in 2018.
Top 5 Luxury Buyer “Power Markets” to Watch in 2018
- Boca Raton, Fla.
- Miami, Fla.
- Park City, Utah
- Santa Barbara, Calif.
- Scottsdale, Ariz.
Top 5 Luxury Seller “Power Markets” to Watch in 2018
- Denver, Colo.
- Nashville, Tenn.
- San Francisco, Calif.
- Seattle, Wash.
- Silicon Valley, Calif.
Other key findings include:
- Shortest Days on Market for Single Family Homes: Seattle (Median 9 Days on Market)
- Most Affordable (Price per Square Foot) for Single Family Homes: Raleigh-Durham (Median PPSF is $171)
- Most Expensive (Price per Square Foot) for Single Family Homes: Los Angeles-Beach area (Median PPSF is $2,044)
- On Amazon’s HQ2 Radar: A staggering 14 out of 20 Amazon HQ2 finalists are represented in The Report’s Power Markets, showing potential for growth in these key markets.