Luxury Home Market Snapshot
In April of 2012, the percentage of total SF home sales selling in this price range was 10%. In April of 2013, that percentage made a huge jump to 18% of sales.
Broker Metrics charts can be a little hard to decipher: for greater legibility, you may wish to adjust your screen view to Zoom 125%.
Luxury Homes for Sale: Unlike the general inventory of home listings (which is much lower year over year), the number of SF homes listed and actively for sale for $1.5m and above in April -- at 237 listings -- though well below last autumn’s levels, was about 10% higher than it was last year, and climbing. Part of this is simply the appreciation of home prices we've seen over the past year: if prices are up 20% or more, then a fair number of houses that were listing and selling under $1.5m twelve months ago, will now be over that price threshold.