Luxury Market Stays Alive

Properties in the $1.5M+ range are indeed changing hands in the current economy. A look at single-family home and condo estate sales activity reveals a fairly busy market.

There are currently 145 single-family homes available for $1.5M or more, with an average list price of $4,199,252. And there are 29 such homes in contract—three are priced above $5M—as well as 23 pending (one of which is a six-bedroom home on Jackson listed at $8M). Since January, 76 homes have sold, with six selling for above $5M.

On the condo side of things, there are 88 such properties available, with an average list price of $2,500,913. The number in contract is much smaller—two—and there are only five pending. Since January, 31 condos in this price range have sold.

Comments are closed.

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living


DRE# 01352627

Back to Top

Back to Top

Show All