Luxury 2015 Mid-Year
The luxury market segment experienced substantial activity in the first half of
2015. The number of luxury transactions increased approximately 37% and total
dollar volume jumped an astonishing 73%. This large increase can be directly
attributed to the abundance of transactions over $8 million, which in previous
years had been low. The luxury segment of the market experienced 7% of the total
transactions in the first half of 2015, compared to only 4% in the first half of 2014.
Record Sale (mid-year): $11,250,000*
Average Sale Price Above $3M: $5,807,000**
Number of Sales Above $3M: 26