Here are the latest luxury home market numbers from The Institute for Luxury Home Marketing as of Aug 2020
Dallas market is seller's market with $1,032,000 median list price and 35 days in market for homes on an average.
Official Market Type: Seller's Market with a 23.8% Sales Ratio.
• Homes are selling for an average of 97.01% of list price.
• The median luxury threshold2 price is $940,000, and the median luxury home sales price is $1,312,000. • Markets with the Highest Median Sales Price: LA Beach Cities ($4,025,000), Vail ($3,978063), Santa Barbara ($3,665,000), and Vancouver ($3,400,000).
• Markets with the Highest Sales Ratio: GTA-Durham (94%), Ada County (83%), Sacramento (71%), and Seattle (70%).
According to July 2020 LUXURY MARKET REPORT by The Institute for Luxury Home Marketing, here are the latest statistics about Luxury Home Market. As you can see that sales have been increasing month over month.
About us: Dallas Luxury Real Estate Agents
As top Dallas luxury real estate agents and Dallas relocation specialists, we take great pride in using our expertise, resources, and global connections to perfectly unite extraordinary places in a variety of lifestyle categories and price points. Discover why we are one of the most respected teams for buying and selling in the Dallas area. It is also important to highlight that luxury is an experience, not a set number. Price point does not define luxury. We provide the same elevated experience to every client. From sky residences in Downtown Dallas’ premier high rise buildings to distinguished properties throughout cities like Southlake, Highland Park, Westlake, Lakewood, Preston Hollow and University Park, we offer real estate buyer and seller representation services that give our clients the edge when buying or selling luxury real estate in Dallas metro area. Our commitment and daily dedication is to delivering a high level of expertise with extensive hyper local market knowledge, savvy negotiations and innovative technology.