What is considered “Luxury” in a given real estate market? The top 10% of a given market is one gauge used nationally. When we started the Luxury Report in 2012, the top 10% overall market hovered around $2 million. By 2016, the top 10% overall market hovered around $3.5 million. By 2021, it hovered around $8.45 million, and by the end of 2023 it reached $10 million.
