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MICHELLE REID L U X U RY MARKET REPORT

FORT LAUDERDALE NOVEMBER 2022

MICHELLE REID

Broker Associate /Team Leader Luxury Home Specialist, SRS, GRI, CIPS, PSA Keller Williams Realty 2000 NW 150 Avenue, Ste 1100 | Pembroke Pines, FL 33028

954.529.7422

michellereidrealty@gmail.com www.MichelleSellsFloridaHomes.com I have a focused approach to analysis, communication, perseverance, and patience when listening to clients. My extensive knowledge of inventory, financing, and contracts, empower clients to make informed, win-win decisions. I am committed to listening carefully to the needs of clients and will set an individualized and unique plan into action to help them achieve their real estate objectives. I pledge the highest level of service possible while maintaining honesty and integrity in all that I do. Above all, I am committed to always placing the client’s goals first.

TABLE OF CONTENTS PAGE 4

LUXURY REPORT EXPLAINED

PAGE 5

WELCOME MESSAGE

PAGE 6-9

NORTH AMERICAN LUXURY MARKET REVIEW

PAGE 10

13-MONTH MARKET TRENDS

PAGE 11

SINGLE-FAMILY HOMES MONTHLY OVERVIEW

PAGE 12

ATTACHED HOMES MONTHLY OVERVIEW

PAGE 13-16 MONTHLY STATISTICS BY CITY - Single-Family Homes PAGE 17-20 MONTHLY STATISTICS BY CITY - Attached Homes PAGE 21

LOCAL LUXURY MARKET REVIEW

PAGE 22-23 SINGLE-FAMILY HOMES - Monthly Statistics PAGE 24-25 ATTACHED HOMES - Monthly Statistics PAGE 26

THANK YOU

THIS IS YOUR

LUXURY MARKET REPORT 

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MAP OF LUXURY RESIDENTIAL MARKETS

elcome to the Luxury Market Report, your guide to luxury real estate market data and trends for North America. Produced monthly by The Institute for Luxury Home Marketing, this report

provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends.

Copyright © 2022 Institute for Luxury Home Marketing | www.luxuryhomemarketing.com | 214.485.3000 The Luxury Market Report is a monthly analysis provided by The Institute for Luxury Home Marketing. Luxury benchmark prices are determined by The Institute. This active and sold data has been provided by REAL Marketing, who has compiled the data through various sources, including local MLS boards, local tax records and Realtor.com. Data is deemed reliable to the best of our knowledge, but is not guaranteed.

– LUXURY REPORT EXPLAINED – The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report. Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. It is our intention to include additional luxury markets on a continual basis. If your market is not featured, please contact us so we can implement the necessary qualification process. More in-depth reports on the luxury communities in your market are available as well. Looking through this report, you will notice three distinct market statuses, Buyer's Market, Seller's Market, and Balanced Market. A Buyer's Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/or price point. By contrast, a Seller's Market gives sellers greater control over the price point. Typically, this means there are few homes on the market and a generous demand, causing competition between buyers who ultimately drive sales prices higher. A Balanced Market indicates that neither the buyers nor the sellers control the price point at which that property will sell and that there is neither a glut nor a lack of inventory. Typically, this type of market sees a stabilization of both the list and sold price, the length of time the property is on the market as well as the expectancy amongst homeowners in their respective communities – so long as their home is priced in accordance with the current market value.

REPORT GLOSSARY REMAINING INVENTORY: The total number of homes available at the close of a month. DAYS ON MARKET: Measures the number of days a home is available on the market before a purchase offer is accepted. LUXURY BENCHMARK PRICE: The price point that marks the transition from traditional homes to luxury homes. NEW LISTINGS: The number of homes that entered the market during the current month. PRICE PER SQUARE FOOT: Measures the dollar amount of the home's price for an individual square foot. SALES RATIO: Sales Ratio defines market speed and determines whether the market currently favors buyers or sellers. Buyer's Market = up to 14%; Balanced Market = 15 to 20%; Seller's Market = 21% plus. If >100%, sales from previous month exceed current inventory. SP/LP RATIO: The Sales Price/List Price Ratio compares the value of the sold price to the value of the list price.

NORTH AMERICAN LUXURY REVIEW Challenging Times in a Market Full of Contradictions There is little doubt the luxury real estate market is facing some interesting challenges that even have experts contradicting each other in their predictions and assumptions. Statistics in many luxury markets still show that they are favorable to sellers – so why are homeowners remaining hesitant to list their homes? For the fourth straight month, the number of new listings entering the market has fallen, with increases in inventory levels mainly attributable to stale listings lingering on. Both sellers and buyers are sitting on the fence, with neither side wanting to jump into this unconventional market unless presented with the right opportunity. The average days on market have increased compared to last year, but relative to pre-pandemic averages, homes that have sold recently are still selling twice as fast. Outside influences, some of which are not typically identified as being impactful on affluent buyers and sellers, are also causing disruptions to their spending habits: such as concerns over a potential recession, interest rate increases, and a volatile stock market. Mortgage companies are offering creative alternatives, but even a slight dip in recent rates isn’t driving buyers to purchase despite statistics from the National Association of Realtors (NAR), the National Association of Home Builders (NAHB), and Realtor.com, showing demand still outweighs supply in many price points, property types, and locations. All indications are that those who need to buy and/or sell are continuing to do so, but for those whose criteria are more based on ‘wanting to buy,’ there is hesitancy as they hope inventory choice will improve and/or prices will become more favorable.

Will Prices Fall? This is a big question, and yet the jury remains cautious as to what extent prices will fall and which locations, property types, and sizes will be most affected. Since July 2022, there has been a slight, but continued decline in the median sold price for single family homes dropping from $1,311,000 in July to $1,275,000 in September; however, in October, the median price climbed back up to $1,313,525. In contrast, in the attached luxury property market, the median sold price increased from $832,375 in July 2022 to $890,500 in September, only to drop to $878,500 in October. These are not dramatic swings, but they show there is some volatility in the luxury market. Interestingly, a recent article by Nasdaq1 speaks to an increase in the ultra-wealthy currently investing in luxury real estate. “As the value of the dollar remains volatile, we’ve seen more new clients looking to park their money in a low-risk, luxury asset whose likelihood of appreciation is higher, forged by historically beautiful surrounding neighborhoods, sprawling acreage and square footage, and newly renovated constructions.” According to their article and The Trend Report 20222 by Coldwell Banker Global Luxury, they foresee the value of luxury properties will continue to appreciate. Both site the historic gains in this segment of the real estate market and explain that prices will oscillate by month or quarter, but how the appreciation is clearly recognized by investors and homeowners as being a long-term decision. “Prone to behaving cautiously, the affluent have begun to signal that they are looking for more stable long-term investments to protect their wealth and give them peace of mind.”

Shift in Mindset The Trend Report also sheds light on why affluent homeowners have shifted from their fearless and ‘FOMO’ buying of last year to taking a more considered approach. “Between rising economic uncertainty, stock and crypto market volatility, climate change, and two years of living through an unprecedented health crisis, wealthy buyers have begun turning toward opportunities that give them long-term financial security and quality of life. Real estate generally offers reliability and stability for those investors who are able to play the long game: hold onto their asset when the market trends down and wait until prices start to rise again.” Equally, with interest rates more than double compared to 2020, 2021, and the first quarter of 2022, many homeowners recognize that selling their home to purchase another would be an expensive replacement unless they need to sell. This has led to many sellers deciding not to put their homes on the market, which, when combined with buyers taking more time to make their decisions, has ultimately resulted in the slowing down of the market.

Demand vs. Supply It is supply rather than demand that is creating the bigger conundrum in the market today. Buyers are still eager to buy, albeit at a slower pace, but there is simply a lack of new inventory entering the market. Inventory levels may have increased compared to last year, but without new inventory, the return to pre-pandemic levels is unlikely, adding a further complication for buyers as current levels are unlikely to create the downward pressure on home prices they anticipate. According to Nasdaq, there has never been more liquidity on the buyers’ side for quality homes, but until sellers’ price expectations start to align with buyers’ perception of value, we will continue to see this contradiction in the market.

Not All Markets Are Equal After two years of affluent buyers heading away from urban centers, there has been a significant return to traditional centers of luxury in 2022, and old favorites across North America, such as New York, Boston, Chicago, Toronto, and Vancouver, are seeing the benefits of this demand. While prices decreased during the pandemic for the smaller city footprints, they subsequently became comparatively more affordable against the escalating values seen in rural destinations, emerging markets, and resort markets. Much like the ownership of luxury real estate, these metropolises have once again been recognized by the affluent as locations that will hold their value over the long term – seen equally by domestic and returning foreign investors as safe investment havens. In contrast, markets that benefited from the demand frenzy of 2020 and 2021 and the subsequent influx of buyers may see the greatest cooling off during the last part of 2022. Indeed, compared to 2021, the velocity of sales has already dropped significantly in many, and expectations are that demand and prices will settle into a more mature rhythm in 2023.

Luxury Market Still Offers Opportunity While there is much debate about how things will play out over the next six months, like all markets, there is always an opportunity for those who are ready. There are niches in every market: whether moving to a location that affords a better cost of living, recognizing luxury pockets or property types that are next in the demand cycle, or simply biding one’s time in anticipation of finding a property that is below market value. But more importantly, according to a survey conducted by Coldwell Banker Global Luxury for their Trend Report, it seems that luxury real estate remains an important asset for the affluent. “Regardless of an affluent buyer’s financial profile, there is still significant confidence in the luxury real estate market. According to our survey, nearly 90% of respondents believe in the stability of owning property. Even if some buyers have dropped out of the real estate game due to fatigue, frustration, or even hesitation this year, they may be primed to return as inventory levels improve.”

– 13 - MONTH MARKET TRENDS – FOR THE LUXURY NORTH AMERICAN MARKET

Single-Family Homes

Attached Homes

Single-Family List Price

Attached List Price

All data is based off median values. Median prices represent properties priced above respective city benchmark prices.

22 20

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

$300

$429

$521

$525 $429

$417

$430

$521

$538

$546 $426

$540 $437

$441

$524

$536

$421

$525 $412

$509 $407

$390

$415

$400

$496

$500

$534

$600

$396

PRICE PER SQUARE FOOT

$200

$100

SALES PRICE VS. LIST PRICE

$495

DAYS ON MARKET

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

$1,900,000 $1,700,000 $1,500,000 $1,300,000 $1,100,000 $900,000 $700,000

$500,000

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

Discrepancies in previous month statistics between the October 2022 and November 2022 reports are due to the addition of Bergen County, NJ, Hudson County, NJ, and The Grand Strand, SC.

– LUXURY MONTHLY MARKET REVIEW – A Review of Key Market Differences Year over Year October 2021 | October 2022

SINGLE-FAMILY HOMES October 2021

October 2022

October 2021

October 2022

Median List Price

$1,749,000

$1,618,750

Total Inventory

31,739

54,593

Median Sale Price

$1,368,250

$1,313,525

New Listings

10,415

16,346

99.74%

98.10%

Total Sold

16,983

13,532

53.51%

24.79%

Median Days on Market

$396

$429

3,428

3,204

Median SP/LP Ratio Total Sales Ratio Median Price per Sq. Ft.

Average Home Size

Median prices represent properties priced above respective city benchmark prices.





5,391

3,451

New Listings

Total Sold





28.72%

Med. Sale Price

Days on Market

Sales Ratio

54,725



SINGLE-FAMILY HOMES MARKET SUMMARY | OCTOBER 2022 •

Official Market Type: Seller's Market with a 24.79% Sales Ratio.1

•

Homes are selling for an average of 98.10% of list price.

•

The median luxury threshold2 price is $937,500, and the median luxury home sales price is $1,313,525.

•

Markets with the Highest Median Sales Price: Aspen ($15,750,000), Whistler ($6,000,000), Vail ($4,995,000), and Los Angeles Beach Cities ($4,550,000).

•

Markets with the Highest Sales Ratio: Cleveland Suburbs (100%), Hamilton County (73%) East Bay (69%), and Smith Mountain Lake (64%). 1

Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2The luxury threshold price is set by The Institute for Luxury Home Marketing.

– LUXURY MONTHLY MARKET REVIEW – A Review of Key Market Differences Year over Year October 2021 | October 2022

ATTACHED HOMES October 2021

October 2022

October 2021

Median List Price

$1,075,000

$962,500

Total Inventory

Median Sale Price

$860,450

$878,500

100.00%

Median SP/LP Ratio Total Sales Ratio Median Price per Sq. Ft.

October 2022

12,005

16,675

New Listings

4,241

5,427

98.57%

Total Sold

5,315

3,781

44.27%

22.67%

Median Days on Market

$495

$515

1,907

1,844

Average Home Size

Median prices represent properties priced above respective city benchmark prices.





1,186

1,534

New Listings

Total Sold



Med. Sale Price

Days on Market

18,050



21.60% Sales Ratio

ATTACHED HOMES MARKET SUMMARY | OCTOBER 20 22 •

Official Market Type: Seller's Market with a 22.67% Sales Ratio.1

•

Attached homes are selling for an average of 98.57% of list price.

•

The median luxury threshold2 price is $700,000, and the median attached luxury sale price is $878,500.

•

Markets with the Highest Median Sales Price: Aspen ($3,687,500), Whistler ($2,719,000), Vail ($2,650,000), and San Francisco ($2,400,000).

•

Markets with the Highest Sales Ratio: South Shore (100%), Howard County (89%), East Bay (74%), and Douglas County (72%). 1

– LUXURY MONTHLY MARKET REVIEW – SINGLE-FAMILY HOMES State Market Name

Median List Price

Median Sold Price

Inventory

New Listings

Sold

Days on Market

Market Status

Calgary

$1,100,000

$985,000

499

218

161

Seller's

Chandler and Gilbert

$1,099,000

$950,000

259

Seller's

Flagstaff

$1,549,000

$1,500,000

Balanced

Mesa

$857,450

$860,000

246

Seller's

Paradise Valley

$5,200,000

$3,225,000

164

Buyer's

Phoenix

$849,900

$805,260

916

273

248

Seller's

Scottsdale

$1,950,000

$1,500,000

763

189

134

Balanced

Tucson

$695,000

$650,000

921

284

201

Seller's

Mid Vancouver Island

$1,675,000

$1,530,000

185

Buyer's

Okanagan Valley

$1,788,000

$1,550,000

847

221

Buyer's

Vancouver

$4,480,000

$3,300,000

1118

251

Buyer's

Victoria

$2,395,000

$2,038,750

133

Seller's

Whistler

$4,899,000

$6,000,000

Buyer's

Central Coast

$2,750,000

$2,400,000

249

Seller's

East Bay

$2,198,800

$1,930,000

550

253

379

Seller's

Greater Palm Springs

$1,842,500

$1,600,000

364

142

Balanced

Lake Tahoe

$2,495,000

$1,712,500

168

Seller's

Los Angeles Beach Cities

$6,342,500

$4,550,000

326

110

Balanced

Los Angeles City

$4,999,950

$3,380,000

687

199

Buyer's

Los Angeles The Valley

$2,497,000

$2,090,000

514

201

126

Seller's

Marin County

$4,495,000

$2,650,000

124

Seller's

Napa County

$3,995,000

$1,942,500

125

Buyer's

Orange County

$2,600,000

$2,100,000

1006

270

269

Seller's

Placer County

$1,158,000

$1,036,520

295

Seller's

Sacramento

$964,990

$913,750

647

224

232

Seller's

San Diego

$2,199,000

$1,900,000

949

356

253

Seller's

San Francisco

$4,598,000

$3,350,000

173

Seller's

San Luis Obispo County

$1,800,000

$1,350,000

188

Seller's

Santa Barbara

$4,995,000

$3,000,000

107

Seller's

Silicon Valley

$3,988,000

$3,250,000

541

225

229

Seller's

Sonoma County

$2,495,000

$1,725,000

217

Balanced

Ventura County

$2,024,500

$1,717,756

250

Seller's

Aspen

$14,250,000

$15,750,000

Buyer's

Boulder

$2,250,000

$1,473,306

230

Seller's

Colorado Springs

$899,900

$887,778

416

103

120

Seller's

Denver

$1,597,000

$1,425,000

600

187

208

Seller's

Douglas County

$1,380,000

$1,227,500

297

Seller's

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

– LUXURY MONTHLY MARKET REVIEW – SINGLE-FAMILY HOMES State Market Name

Median List Price

Median Sold Price

Inventory

New Listings

Sold

Days on Market

Market Status

Durango

$1,600,000

$1,252,000

115

Balanced

Summit County

$3,345,000

$2,700,000

Buyer's

Telluride

$5,995,000

$3,200,000

Balanced

Vail

$4,500,000

$4,995,000

Seller's

Central Connecticut

$699,999

$615,000

382

147

Seller's

Coastal Connecticut

$2,395,000

$1,500,000

573

141

127

Seller's

Washington D.C.

$3,700,000

$2,410,000

Seller's

Sussex County Coastal

$1,474,990

$1,320,000

153

Balanced

Boca Raton/Delray Beach

$2,499,000

$1,778,700

483

113

Buyer's

Coastal Pinellas County

$2,425,000

$1,900,000

106

Balanced

Greater Fort Lauderdale

$1,350,000

$1,050,000

1614

455

205

Buyer's

Jacksonville Beaches

$1,375,000

$1,226,184

315

Seller's

Lee County

$1,379,900

$1,222,500

449

100

Buyer's

Marco Island

$2,790,000

$2,250,000

Buyer's

Miami

$2,000,000

$1,450,000

959

239

109

Buyer's

Naples

$4,950,000

$3,500,000

301

Buyer's

Orlando

$1,250,000

$1,122,500

678

168

186

Seller's

Palm Beach Towns

$3,050,000

$1,725,000

271

Buyer's

Sarasota & Beaches

$2,900,000

$1,676,000

278

Balanced

South Pinellas County

$1,600,000

$1,220,000

294

Seller's

South Walton

$2,340,000

$1,900,000

417

Buyer's

Space Coast

$839,900

$750,000

351

109

Seller's

Tampa

$744,995

$700,000

1304

348

357

Seller's

Weston

$1,199,500

$985,000

139

Balanced

Atlanta

$1,595,000

$1,180,821

652

224

210

Seller's

Duluth

$1,637,500

$1,270,000

Buyer's

Island of Hawaii

$1,960,000

$1,525,000

120

Balanced

Kauai

$3,790,000

$1,800,000

Balanced

Maui

$2,950,000

$2,550,000

139

108

Balanced

Oahu

$2,900,000

$2,362,500

207

Buyer's

Ada County

$789,900

$754,000

836

241

295

Seller's

Northern Idaho

$1,599,000

$1,350,000

401

Buyer's

Chicago

$1,579,000

$1,250,000

655

196

188

Seller's

DuPage County

$1,148,000

$912,000

307

Seller's

Lake County

$1,185,000

$877,500

257

Seller's

Will County

$650,000

$597,000

231

Seller's

Hamilton County

$849,950

$750,000

173

126

Seller's

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

– LUXURY MONTHLY MARKET REVIEW – SINGLE-FAMILY HOMES State Market Name

Median List Price

Median Sold Price

New Inventory Listings

Sold

Days on Market

Market Status

KS ON

Johnson County GTA - Durham

$825,000 $1,749,000

$867,502 $1,555,000

429 211

80 136

129 46

5 14

Seller's

MA ON

Cape GTA -Cod York

$2,495,000 $2,375,000

$1,789,500 $1,880,000

135 563

40 327

38 137

22 13

Seller's

MA ON

Greater Boston Hamilton

$2,950,000 $1,839,500

$3,250,000 $1,510,000

133 254

49 121

17 27

15 23

Buyer's

MA ON

South Shore Mississauga

$1,875,000 $2,950,000

$1,350,000 $2,310,000

72 137

23 64

27 26

24 18

Seller's Balanced

MD ON

Anne Arundel County Oakville

$999,999 $2,514,900

$954,950 $2,400,000

190 132

57 82

74 33

9 17

Seller's Seller's

MD ON

Frederick County Toronto

$875,000 $3,799,444

$847,353 $3,100,000

62 420

20 178

22 54

11 20

Seller's Buyer's

MD ON

Howard County Waterloo Region

$1,129,990 $1,474,000

$1,085,000 $1,300,000

111 166

24 103

32 49

19 12

Seller's Seller's

MD OR

Montgomery County Portland

$1,892,000 $1,350,000

$1,556,000 $1,075,000

186 615

66 248

75 283

7 6

Seller's Seller's

MD QC MD SC MI TN MI TN MI TX MI TX MI TX MN TX MN TX MO TX MO TX NC TX NC TX NC TX NC TX NJ TX NJ UT NJ

Talbot County Montreal Worcester County Hilton Head Livingston County Greater Chattanooga Monroe County Nashville Oakland County Austin Washtenaw County Collin County Wayne County Dallas Olmsted County Denton County Twin Cities El Paso Kansas City Fort Worth St. Louis Greater Tyler Asheville Houston Charlotte Lubbock Lake Norman San Angelo Raleigh-Durham San Antonio Bergen County The Woodlands & Spring Hudson County Park City Ocean County

$1,995,000 $1,999,000 $1,000,000 $2,095,000 $765,000 $965,000 $624,500 $1,699,900 $750,000 $1,098,222 $885,000 $749,000 $699,900 $1,300,000 $799,000 $775,786 $1,180,000 $610,800 $675,000 $825,000 $825,000 $737,500 $1,100,000 $979,000 $1,099,000 $652,500 $1,192,500 $650,000 $1,100,000 $799,070 $2,299,995 $809,000 $1,699,500 $4,250,000 $899,900

$1,800,000 $1,600,000 $855,000 $1,349,000 $695,000 $824,000 $567,500 $1,355,500 $650,000 $995,000 $770,000 $717,786 $615,200 $1,004,001 $750,000 $750,000 $985,000 $583,000 $662,431 $800,000 $675,000 $611,500 $892,500 $880,000 $935,000 $599,950 $1,110,750 $594,950 $947,500 $717,515 $1,672,000 $741,000 $1,587,500 $3,075,000 $850,000

39 363 53 243 87 180 16 653 905 1242 167 1445 221 450 81 1101 681 154 1402 970 121 148 255 1149 645 88 198 51 550 636 271 213 20 202 494

7 87 9 58 22 49 3 246 316 586 35 681 84 209 22 508 196 53 256 393 51 77 90 439 229 34 48 27 161 262 51 119 2 57 135

13 16 10 55 28 43 4 220 246 354 44 627 85 186 23 425 197 29 384 465 66 48 68 333 295 28 80 16 174 191 100 162 8 16 132

10 39 22 12 33 4 40 4 20 9 24 11 11 11 10 9 22 15 10 8 19 9 14 9 8 50 14 68 4 16 21 7 29 7 19

Seller's Buyer's Balanced Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Balanced Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Buyer's Seller's

UT NM

Salt Lake City Taos

$1,132,096 $1,195,000

$979,000 $1,057,025

469 69

210 7

157 18

21 52

Seller's Seller's

VA NV

Arlington & Alexandria Lake Tahoe

$2,250,000 $3,495,000

$1,850,000 $2,397,500

77 138

32 18

49 26

6 133

Seller's Balanced

VA NV

Charlottesville Las Vegas

$1,300,000 $1,699,000

$1,019,000 $1,537,906

144 724

22 188

44 91

6 36

Seller's Buyer's

VA NV

Fairfax County Reno

$1,999,900 $1,950,000

$1,500,000 $1,725,000

346 142

113 25

152 17

7 84

Seller's Buyer's

VA NY

McLeanLakes & Vienna Finger

$2,750,000 $1,999,000

$1,850,000 $1,269,000

147 39

31 10

61 12

6 10

Seller's Seller's

VA NY

Richmond Nassau County

$799,900 $1,800,000

$790,153 $1,549,500

291 749

110 157

197 130

6 34

Seller's Balanced

VA NY

Smith Mountain Lake Staten Island

$1,750,000 $1,275,000

$1,325,000 $1,251,250

33 175

9 40

8 30

4 50

Seller's Balanced

WA NY

King County - Greater Seattle Suffolk County

$1,970,000 $1,850,000

$1,695,000 $1,250,000

1014 906

543 180

538 150

6 44

Seller's Balanced

WA OH

Seattle Cincinnati

$1,893,217 $849,900

$1,715,000 $700,000

254 225

140 54

167 73

6 2

Seller's

OH WA

Cleveland Suburbs Spokane

$789,500 $1,150,000

$667,700 $987,500

30 135

7 62

30 46

20 9

Seller's

Suffolk County

$1,900,000

$1,185,000

845

189

168

Balanced

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

– LUXURY MONTHLY MARKET REVIEW – SINGLE-FAMILY HOMES State Market Name

Median List Price

Median Sold Price

New Inventory Listings

Sold

Days on Market

Market Status

GTA - Durham

$1,882,500 $1,749,000

$1,525,000 $1,555,000

192 211

125 136

33 46

13 14

Balanced Seller's

GTA - York

$2,539,000 $2,375,000

$1,847,500 $1,880,000

476 563

264 327

114 137

18 13

Seller's

Hamilton

$1,893,500 $1,839,500

$1,550,000 $1,510,000

216 254

88 121

25 27

34 23

Buyer's

ON ON

Mississauga Mississauga

$2,899,999 $2,950,000

$2,488,000 $2,310,000

121 137

65 64

9 26

22 18

Buyer's Balanced

ON ON

Oakville Oakville

$2,424,950 $2,514,900

$2,300,000 $2,400,000

118 132

78 82

25 33

19 17

Seller's Seller's

ON ON

Toronto Toronto

$3,799,888 $3,799,444

$3,200,000 $3,100,000

403 420

240 178

85 54

13 20

Seller's Buyer's

ON ON

Waterloo Region Region Waterloo

$1,449,000 $1,474,000

$1,350,000 $1,300,000

121 166

65 103

4 49

35 12

Buyer's Seller's

OR OR

Portland Portland

$1,361,450 $1,350,000

$1,112,998 $1,075,000

636 615

167 248

166 283

16 6

Seller's Seller's

QC QC SC SC SC TN TN TN TN TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX UT UT

Montreal Montreal Hilton Head Hilton Head The Grand Strand Greater Chattanooga Greater Chattanooga Nashville Nashville Austin Austin Collin County Collin County Dallas Dallas Denton County Denton County El Paso El Paso Fort Worth Fort Worth Greater Tyler Greater Tyler Houston Houston Lubbock Lubbock San Angelo San Angelo San Antonio San Antonio The Woodlands & Spring The Woodlands & Spring Park City Park City

$1,899,000 $1,999,000 $2,025,000 $2,095,000 $1,100,999 $965,000 $992,500 $1,699,900 $1,736,000 $1,098,222 $1,100,000 $749,000 $749,900 $1,300,000 $1,300,000 $775,786 $759,347 $610,800 $610,800 $825,000 $849,987 $737,500 $799,000 $979,000 $972,450 $652,500 $640,000 $650,000 $643,944 $799,070 $799,000 $809,000 $831,250 $4,250,000 $4,925,000

$1,785,000 $1,600,000 $1,392,500 $1,349,000 $785,000 $824,000 $804,750 $1,355,500 $1,220,000 $995,000 $942,500 $717,786 $695,000 $1,004,001 $1,157,375 $750,000 $733,135 $583,000 $585,000 $800,000 $799,950 $611,500 $621,900 $880,000 $872,000 $599,950 $599,500 $594,950 $571,750 $717,515 $731,250 $741,000 $740,000 $3,075,000 $3,438,850

349 363 248 243 365 180 216 653 705 1242 1165 1445 1417 450 459 1101 1100 154 175 970 963 148 197 1149 1158 88 114 51 50 636 670 213 212 202 168

69 87 52 58 363 49 58 246 229 586 360 681 463 209 177 508 325 53 38 393 311 77 65 439 397 34 41 27 15 262 198 119 89 57 27

17 16 46 55 92 43 38 220 207 354 246 627 405 186 162 425 298 29 25 465 268 48 37 333 242 28 30 16 12 191 124 162 83 16 24

73 39 14 12 83 4 8 4 9 9 30 11 26 11 21 9 26 15 29 8 21 9 18 9 20 50 76 68 55 16 43 7 16 7 38

Buyer's Buyer's Balanced Seller's Seller's Seller's Balanced Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Balanced Buyer's Seller's Seller's Seller's Balanced Seller's Balanced Seller's Seller's Seller's Seller's Seller's Balanced Seller's Seller's Buyer's Buyer's

UT UT

Salt Salt Lake Lake City City

$1,132,096 $1,150,000

$979,000 $1,001,850

469 467

210 116

157 120

21 41

Seller's Seller's

VA VA

Arlington Arlington & & Alexandria Alexandria

$2,250,000 $2,179,000

$1,850,000 $1,835,000

77 99

32 33

49 29

6 11

Seller's Seller's

VA VA

Charlottesville Charlottesville

$1,300,000 $1,399,000

$1,019,000 $992,495

144 137

22 31

44 32

6 5

Seller's Seller's

VA VA

Fairfax Fairfax County County

$1,999,900 $2,095,000

$1,500,000 $1,475,000

346 335

113 110

152 99

7 13

Seller's Seller's

VA VA

McLean McLean & & Vienna Vienna

$2,750,000 $2,695,000

$1,850,000 $1,897,500

147 164

31 46

61 34

6 14

Seller's Balanced

Richmond

$799,900 $799,950

$790,153 $799,950

291 325

110 81

197 151

6 8

Seller's

Smith Mountain Lake

$1,750,000 $1,662,500

$1,325,000 $1,307,050

33 22

9 6

8 14

4 18

Seller's

King County - Greater Seattle

$1,970,000 $1,899,000

$1,695,000 $1,625,000

1014 1079

543 410

538 439

6 12

Seller's

Seattle

$1,893,217 $1,850,000

$1,715,000 $1,675,000

254 257

140 104

167 111

6 8

Seller's

Spokane

$1,200,000 $1,150,000

$1,100,000 $987,500

103 135

33 62

36 46

11 9

Seller's

Suffolk County

$1,900,000

$1,185,000

845

189

168

Balanced

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

– LUXURY MONTHLY MARKET REVIEW – ATTACHED HOMES State Market Name

Median List Price

Median Sold Price

Inventory

New Listings

Sold

Days on Market

Market Status

Calgary

$799,900

$761,000

129

Seller's

Chandler and Gilbert

Flagstaff

Mesa

Paradise Valley

Phoenix

Scottsdale

$867,450

$760,000

228

Balanced

Tucson

Mid Vancouver Island

$877,000

$799,000

Buyer's

Okanagan Valley

Vancouver

$1,980,000

$1,677,500

1077

372

Buyer's

Victoria

$989,450

$932,500

118

Seller's

Whistler

$2,499,000

$2,719,000

Seller's

Central Coast

$1,185,000

$1,257,500

Seller's

East Bay

$1,190,000

$1,100,000

169

101

125

Seller's

Greater Palm Springs

Lake Tahoe

$1,495,000

$1,160,000

Seller's

Los Angeles Beach Cities

$1,895,000

$1,750,000

168

Seller's

Los Angeles City

$1,695,000

$1,400,000

377

116

Buyer's

Los Angeles The Valley

$799,000

$787,000

139

Seller's

Marin County

$1,195,000

$1,260,000

Seller's

Napa County

Orange County

$1,200,000

$1,024,998

405

160

166

Seller's

Placer County

Sacramento

San Diego

$1,185,000

$1,051,600

329

144

126

Seller's

San Francisco

$2,695,000

$2,400,000

143

Balanced

San Luis Obispo County

Santa Barbara

$1,615,000

$1,477,500

Seller's

Silicon Valley

$1,750,000

$1,570,000

125

Seller's

Sonoma County

$985,000

$712,800

Balanced

Ventura County

$750,000

$742,500

111

Seller's

Aspen

$3,699,000

$3,687,500

Balanced

Boulder

$900,615

$838,877

Seller's

Colorado Springs

$598,290

$587,000

Buyer's

Denver

$975,000

$779,500

159

Seller's

Douglas County

$559,495

$632,851

Seller's

Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

– LUXURY MONTHLY MARKET REVIEW – ATTACHED HOMES State Market Name

Median List Price

Median Sold Price

Inventory

New Listings

Sold

Days on Market

Market Status

Durango

$793,905

$886,000

100

Seller's

Summit County

$1,650,000

$1,022,000

Seller's

Telluride

Vail

$3,900,000

$2,650,000

Balanced

Central Connecticut

Coastal Connecticut

$1,402,000

$777,500

186

Seller's

Washington D.C.

$1,895,000

$1,595,000

253

Balanced

Sussex County Coastal

$950,000

$975,000

Seller's

Boca Raton/Delray Beach

$932,000

$830,000

300

Balanced

Coastal Pinellas County

$1,299,500

$1,175,000

108

Seller's

Greater Fort Lauderdale

$844,500

$727,500

990

246

116

Buyer's

Jacksonville Beaches

$1,199,000

$887,500

Seller's

Lee County

$835,500

$870,000

194

Balanced

Marco Island

$1,669,900

$1,625,000

Seller's

Miami

$1,399,700

$1,350,000

1332

274

114

Buyer's

Naples

$2,296,250

$2,100,000

142

Balanced

Orlando

$567,000

$553,000

218

Seller's

Palm Beach Towns

$1,700,000

$1,950,000

241

Buyer's

Sarasota & Beaches

$1,695,000

$1,385,000

127

Seller's

South Pinellas County

$1,050,000

$995,000

189

Seller's

South Walton

$1,573,400

$1,450,000

236

Buyer's

Space Coast

$738,000

$734,000

145

Balanced

Tampa

$849,995

$870,000

200

Seller's

Weston

Atlanta

$720,290

$665,000

488

162

128

Seller's

Duluth

Island of Hawaii

$1,795,000

$1,535,000

Buyer's

Kauai

$1,574,500

$1,240,000

Balanced

Maui

$2,295,000

$1,487,500

Seller's

Oahu

$1,195,000

$990,000

421

114

119

Seller's

Ada County

$649,888

$580,000

Balanced

Northern Idaho

Chicago

$1,199,500

$958,304

851

251

110

Buyer's

DuPage County

$925,000

$775,000

Seller's

Lake County

Will County

Hamilton County

– LUXURY MONTHLY MARKET REVIEW – ATTACHED HOMES State Market Name

Median List Price

Median Sold Price

New Inventory Listings

Sold

Days on Market

Market Status

KS ON

Johnson County GTA - Durham

$590,950 $1,749,000

$596,808 $1,555,000

115 211

9 136

34 46

15 14

Seller's

MA ON

Cape GTA -Cod York

$850,000 $2,375,000

$736,000 $1,880,000

25 563

7 327

10 137

67 13

Seller's

MA ON

Greater Boston Hamilton

$2,299,000 $1,839,500

$1,900,000 $1,510,000

377 254

112 121

55 27

24 23

Buyer's

MA ON

South Shore Mississauga

$899,000 $2,950,000

$999,995 $2,310,000

15 137

4 64

15 26

64 18

Seller's Balanced

MD ON

Anne Arundel County Oakville

$569,990 $2,514,900

$551,000 $2,400,000

59 132

26 82

24 33

13 17

Seller's Seller's

MD ON

Frederick Toronto County

$3,799,444

$3,100,000

420

178

Buyer's

MD ON

Howard County Waterloo Region

$584,990 $1,474,000

$585,000 $1,300,000

27 166

13 103

24 49

6 12

Seller's Seller's

MD OR

Montgomery County Portland

$795,000 $1,350,000

$760,000 $1,075,000

96 615

40 248

67 283

10 6

Seller's Seller's

MD QC MD SC MI TN MI TN MI TX MI TX MI TX MN TX MN TX MO TX MO TX NC TX NC TX NC TX NC TX NJ TX NJ UT NJ

$1,999,000 $725,000 $2,095,000 $965,000 $1,699,900 $645,467 $1,098,222 $630,000 $749,000 $665,186 $1,300,000 $775,786 $610,800 $825,000 $737,500 $710,000 $979,000 $657,436 $652,500 $585,754 $650,000 $799,070 $1,234,684 $809,000 $1,487,500 $4,250,000 $849,000

$1,600,000 $602,450 $1,349,000 $824,000 $1,355,500 $624,103 $995,000 $622,290 $717,786 $607,500 $1,004,001 $750,000 $583,000 $800,000 $611,500 $660,000 $880,000 $618,082 $599,950 $570,000 $594,950 $717,515 $1,026,652 $741,000 $1,287,500 $3,075,000 $717,000

363 66 243 180 653 68 1242 56 1445 80 450 1101 154 970 148 40 1149 197 88 33 51 636 136 213 104 202 29

87 27 58 49 246 21 586 11 681 15 209 508 53 393 77 15 439 44 34 6 27 262 27 119 23 57 13

16 26 55 43 220 18 354 9 627 8 186 425 29 465 48 10 333 74 28 5 16 191 42 162 32 16 8

39 11 12 4 4 32 9 100 11 47 11 9 15 8 9 21 9 15 50 8 68 16 24 7 40 7 21

Buyer's Seller's Seller's Seller's Seller's Seller's Seller's Balanced Seller's Buyer's Seller's Seller's Balanced Seller's Seller's Seller's Seller's Seller's Seller's Balanced Seller's Seller's Seller's Seller's Seller's Buyer's Seller's

UT NM

Salt TaosLake City

$1,132,096 -

$979,000 -

469 -

210 -

157 -

21 -

Seller's -

VA NV

Arlington & Alexandria Lake Tahoe

$2,250,000 $1,250,000

$1,850,000 $1,250,000

77 30

32 6

49 3

6 119

Seller's Buyer's

VA NV

Charlottesville Las Vegas

$1,300,000 -

$1,019,000 -

144 -

22 -

44 -

6 -

Seller's -

VA NV

Fairfax Reno County

$1,999,900 -

$1,500,000 -

346 -

113 -

152 -

7 -

Seller's -

VA NY

McLean & Vienna Finger Lakes

$2,750,000 -

$1,850,000 -

147 -

31 -

61 -

6 -

Seller's -

VA NY

Richmond Nassau County

$799,900 $1,568,888

$790,153 $1,070,000

291 81

110 19

197 19

6 23

Seller's

VA NY

Smith Lake Staten Mountain Island

$1,750,000 $619,950

$1,325,000 $640,000

33 118

9 35

8 25

4 38

Seller's

WA NY

King County - Greater Seattle Suffolk County

$1,970,000 $750,000

$1,695,000 $635,000

1014 151

543 43

538 57

6 29

Seller's

WA OH

Seattle Cincinnati

$1,893,217 $669,950

$1,715,000 $695,000

254 12

140 2

167 6

6 22

Seller's

OH WA

Cleveland Suburbs Spokane

$1,150,000

$987,500

135

Seller's

Suffolk County

$1,900,000

$1,185,000

845

189

168

Balanced

– LUXURY MONTHLY MARKET REVIEW – ATTACHED HOMES State Market Name

Median List Price

Median Sold Price

New Inventory Listings

Sold

Days on Market

Market Status

GTA - Durham

$862,375 $1,749,000

$828,500 $1,555,000

22 211

14 136

8 46

15 14

Seller's

GTA - York

$799,000 $2,375,000

$777,000 $1,880,000

258 563

164 327

79 137

19 13

Seller's

Hamilton

$853,900 $1,839,500

$871,000 $1,510,000

31 254

17 121

4 27

4 23

Buyer's

ON ON

Mississauga Mississauga

$999,000 $2,950,000

$905,000 $2,310,000

98 137

63 64

35 26

17 18

Seller's Balanced

ON ON

Oakville Oakville

$1,229,450 $2,514,900

$1,210,000 $2,400,000

44 132

29 82

10 33

41 17

Seller's Seller's

ON ON

Toronto Toronto

$1,249,900 $3,799,444

$1,100,000 $3,100,000

775 420

468 178

166 54

17 20

Seller's Buyer's

ON ON

Waterloo Region Region Waterloo

$789,900 $1,474,000

$750,000 $1,300,000

48 166

33 103

1 49

6 12

Buyer's Seller's

OR OR

Portland Portland

$749,900 $1,350,000

$619,014 $1,075,000

257 615

77 248

56 283

19 6

Seller's Seller's

QC QC SC SC SC TN TN TN TN TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX UT UT

$1,161,149 $1,999,000 $1,045,000 $2,095,000 $549,900 $965,000 $1,699,900 $709,950 $1,098,222 $839,500 $749,000 $1,300,000 $799,000 $775,786 $610,800 $825,000 $737,500 $979,000 $622,500 $652,500 $650,000 $799,070 $800,000 $809,000 $4,250,000 $2,150,000

$1,230,500 $1,600,000 $935,000 $1,349,000 $482,475 $824,000 $1,355,500 $727,000 $995,000 $762,500 $717,786 $1,004,001 $629,000 $750,000 $583,000 $800,000 $611,500 $880,000 $597,000 $599,950 $594,950 $717,515 $560,000 $741,000 $3,075,000 $1,650,000

92 363 43 243 157 180 653 130 1242 272 1445 450 147 1101 154 970 148 1149 128 88 51 636 33 213 202 81

21 87 11 58 157 49 246 37 586 82 681 209 48 508 53 393 77 439 43 34 27 262 9 119 57 17

8 16 9 55 54 43 220 47 354 44 627 186 35 425 29 465 48 333 35 28 16 191 7 162 16 19

49 39 69 12 58 4 4 3 9 28 11 11 16 9 15 8 9 9 24 50 68 16 79 7 7 62

Buyer's Buyer's Balanced Seller's Seller's Seller's Seller's Seller's Seller's Balanced Seller's Seller's Seller's Seller's Balanced Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Seller's Buyer's Seller's

UT UT

Salt Salt Lake Lake City City

$1,132,096 $569,950

$979,000 $575,650

469 166

210 45

157 41

21 44

Seller's Seller's

VA VA

Arlington Arlington & & Alexandria Alexandria

$2,250,000 $982,450

$1,850,000 $1,080,000

77 122

32 52

49 54

6 15

Seller's Seller's

VA VA

Charlottesville Charlottesville

$1,300,000 $774,900

$1,019,000 $533,704

144 29

22 7

44 13

6 0

Seller's Seller's

VA VA

Fairfax Fairfax County County

$1,999,900 $769,900

$1,500,000 $700,000

346 207

113 85

152 105

7 15

Seller's Seller's

VA VA

McLean McLean & & Vienna Vienna

$2,750,000 $1,250,000

$1,850,000 $1,105,000

147 37

31 14

61 12

6 23

Seller's Seller's

Richmond

$799,900 -

$790,153 -

291 -

110 -

197 -

6 -

Seller's -

Smith Mountain Lake

$1,750,000 -

$1,325,000 -

33 -

9 -

8 -

4 -

Seller's -

King County - Greater Seattle

$1,970,000 $1,100,000

$1,695,000 $980,000

1014 266

543 75

538 85

6 11

Seller's

Seattle

$1,893,217 $1,296,500

$1,715,000 $1,324,000

254 142

140 34

167 22

6 21

Seller's Balanced

Spokane

$1,150,000

$987,500

135

Seller's

Suffolk County

$1,900,000

$1,185,000

845

189

168

Balanced

NOVEMBER Home of the CLHMS

GREATER FORT LAUDERDALE FLO R IDA www.LuxuryHomeMarketing.com

2022

GREATER FORT LAUDERDALE

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | OCTOBER 2022 Inventory

Sales

Luxury Benchmark Price 1: $775,000 $10,000,000+ $8,600,000 - $9,999,999 $7,200,000 - $8,599,999 $6,000,000 - $7,199,999

$4,800,000 - $5,999,999 $3,800,000 - $4,799,999 $3,000,000 - $3,799,999 $2,400,000 - $2,999,999

$2,000,000 - $2,399,999

2 27

$1,200,000 - $1,399,999

$1,050,000 - $1,199,999 $900,000 - $1,049,999 $775,000 - $899,999

Total Sales: 205 Buyer's Market

Total Sales Ratio2: 13%

107

4 73

$1,600,000 - $1,999,999 $1,400,000 - $1,599,999

Total Inventory: 1,614

153

110

181

22 129

189

353

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Total-

-Sold/Inventory-

0 - 2,999

$930,000

116

821

14%

3,000 - 3,999

$1,137,500

343

15%

4,000 - 4,999

$1,639,000

172

10%

5,000 - 5,999

$3,452,500

6,000 - 6,999

$2,150,000

7,000+

$8,746,250

The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

GREATER FORT LAUDERDALE

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

$1,150,000 $1,050,000

671

246 Oct-21

$1,050,000

541

475

267

Nov-21

299

Dec-21

$1,136,250

414

232

Jan-22

$1,150,000

432

270

Feb-22

$1,150,000

474 407

Mar-22

Inventory

$1,179,500

624

$1,100,000

415

406

May-22

$1,093,138

1,337

1,154

918

Apr-22

Solds

414

Jun-22

$1,055,000

$1,050,000

1,423

1,460

343

297

Jul-22

Aug-22

$1,050,000

1,614

270

205

Sep-22

Oct-22

MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY Oct. 2021

Oct. 2022

671

1,614 VARIANCE: 141 % SALE PRICE PER SQFT. Oct. 2021

Oct. 2022

356

390 VARIANCE: 10 % $

TOTAL SOLDS Oct. 2021

Oct. 2022

246

205 VARIANCE: -17 %

SALE TO LIST PRICE RATIO Oct. 2021

Oct. 2022

97.50% 96.25% VARIANCE: -1 %

SALES PRICE Oct. 2021

1.05m

Oct. 2022

1.05m VARIANCE: 0 % $

DAYS ON MARKET Oct. 2021

Oct. 2022

33 VARIANCE: 50 %

GREATER FORT LAUDERDALE MARKET SUMMARY | OCTOBER 2022 • The Greater Fort Lauderdale single-family luxury market is a Buyer's Market with a 13% Sales Ratio. • Homes sold for a median of 96.25% of list price in October 2022. • The most active price band is $900,000-$1,049,999, where the sales ratio is 25%. • The median luxury sales price for single-family homes is $1,050,000. • The median days on market for October 2022 was 33 days, up from 22 in October 2021.

Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.

GREATER FORT LAUDERDALE

ATTACHED HOMES

LUXURY INVENTORY VS. SALES | OCTOBER 2022 Inventory

Sales

Luxury Benchmark Price 1: $545,000 $3,500,000+ $3,000,000 - $3,499,999 $2,700,000 - $2,999,999

$1,900,000 - $2,149,999 $1,700,000 - $1,899,999 $1,500,000 - $1,699,999

$1,300,000 - $1,499,999 $1,100,000 - $1,299,999 $900,000 - $1,099,999

Total Sales: 116 Buyer's Market

4 1

104

8 83

117

$600,000 - $699,999 $545,000 - $599,999

Total Sales Ratio2: 12%

$800,000 - $899,999

$700,000 - $799,999

Total Inventory: 990

$2,400,000 - $2,699,999

$2,150,000 - $2,399,999

178

165

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Total-

-Sold/Inventory-

0 - 999

$630,000

1,000 - 1,499

$655,000

325

11%

1,500 - 1,999

$675,000

245

14%

2,000 - 2,499

$985,000

142

12%

2,500 - 2,999

$1,400,000

17%

3,000+

$2,200,000

11%

GREATER FORT LAUDERDALE

ATTACHED HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

$795,000

685

$771,600

$760,000

596 120

Oct-21

537 151

Nov-21

$830,000

505 173

Dec-21

$852,500

494 143

Jan-22

$900,000

$775,000

465 178

Feb-22

Inventory

643

526

293

Mar-22

$830,000

$750,000

$775,000

$735,000

751

810

860

240

233

219

Apr-22

Solds

May-22

Jun-22

168

$780,000

990

888

167

Jul-22

$727,500

Aug-22

152

116

Sep-22

Oct-22

MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY Oct. 2021

Oct. 2022

685

990 VARIANCE: 45 %

SALE PRICE PER SQFT. Oct. 2021

Oct. 2022

484

506 VARIANCE: 5 % $

TOTAL SOLDS Oct. 2021

Oct. 2022

120

116 VARIANCE: -3 %

SALE TO LIST PRICE RATIO Oct. 2021

Oct. 2022

97.41% 96.90% VARIANCE: -1 %

SALES PRICE Oct. 2021

795k

Oct. 2022

728k VARIANCE: -8 % $

DAYS ON MARKET Oct. 2021

Oct. 2022

46 VARIANCE: 53 %

GREATER FORT LAUDERDALE MARKET SUMMARY | OCTOBER 2022 • The Greater Fort Lauderdale attached luxury market is a Buyer's Market with a 12% Sales Ratio. • Homes sold for a median of 96.90% of list price in October 2022. • The most active price band is $2,400,000-$2,699,999, where the sales ratio is 20%. • The median luxury sales price for attached homes is $727,500. • The median days on market for October 2022 was 46 days, up from 30 in October 2021.

Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.

Thank you for taking time to view this report. For more information about this report and the services I can offer you and your luxury property, please give me a call at 954.529.7422.

- Michelle Reid

MICHELLE REID

954.529.7422 | michellereidrealty@gmail.com | www.MichelleSellsFloridaHomes.com