Close Menu
Global News HQ
    What's Hot

    A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office

    August 19, 2025

    Time for a Web3 reality check: Which altcoin sectors are really delivering?

    August 18, 2025

    Alexander Wang Fall 2025 Ready-to-Wear Collection

    August 18, 2025
    Recent Posts
    • A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office
    • Time for a Web3 reality check: Which altcoin sectors are really delivering?
    • Alexander Wang Fall 2025 Ready-to-Wear Collection
    • EO Seeks to Expand Access to Alternative Asset Investments in Retirement Plans
    • The Big-Boss Trend Is Squeezing Flexible Work Perks. Here’s Why You Should Care
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office
    • Time for a Web3 reality check: Which altcoin sectors are really delivering?
    • Alexander Wang Fall 2025 Ready-to-Wear Collection
    • EO Seeks to Expand Access to Alternative Asset Investments in Retirement Plans
    • The Big-Boss Trend Is Squeezing Flexible Work Perks. Here’s Why You Should Care
    • 5 Things You Should Never Keep in Your Kitchen Cabinets, According to Organizers
    • ‘Skibidi’ and ‘delulu’ among new words added to Cambridge Dictionary. Read their definitions.
    • Shifting sands in commercial property insurance
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Travel & Tourism (Luxury) - High-End Real Estate Is on a Hot Streak in Prime U.S. Markets, New Reports Say
    Travel & Tourism (Luxury)

    High-End Real Estate Is on a Hot Streak in Prime U.S. Markets, New Reports Say

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    High-End Real Estate Is on a Hot Streak in Prime U.S. Markets, New Reports Say
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The uppermost end of the real estate market wasn’t all roses in 2024, but some pockets of the U.S. fared better than others and are poised to have a busy 12 months. According to a slew of new reports, all signs point toward 2025 being a good year with home sales in the million-dollar-plus sector growing and Manhattan clocking in the busiest week for luxury home sales since 2022.  

    “The luxury market continues to ride an impressive streak,” wrote Donna Olshan, president of Olshan Realty, in the firms report. In the past year, approximately 300,000 homes sold for over $1 million, an impressive increase from 275,000 the previous year, based on Realtor.com data. In cities such as Colorado Springs, 14.2 percent of homes sold in 2024 surpassed the $1 million mark, up 6.3 percent from the year before. Similarly in Durham-Chapel Hill, 12.6 percent of homes sold in 2024 exceeded $1 million, reflecting a 5.5 percentage-point increase year-over-year. Meanwhile, the share of $1 million-plus home sales in Seattle rose by 5.5 percent, now making up 27 percent of the market. 

    When it came to which markets led the pack, Compass revealed that New York, California, Florida, and Colorado were all represented among the top ultra-luxury markets in the U.S. for 2024, as reported in The New York Post. The real estate brokerage found America’s ultra-luxury market notched over 1,700 sales of homes of at least $10 million over the course of last year, marking a 350 percent jump from 2023. Those sales, the real estate firm said, were worth a combined $31.39 billion and interestingly, nearly $23.2 billion of that total came from just 10 locales within the four previously mentioned states. “The premium market continues to defy expectations with a wave of momentum from coast-to-coast,” said Felipe Hernandez Smith, head of Compass Luxury.  

    Most recently, Manhattan logged more activity in the last week than it has in any other week over the past three years, Mansion Global reported. Luxury home sales in the New York City borough gained momentum in the seven days leading up to Sunday, with 41 contracts signed for properties priced at $4 million or more. The deals, which included 26 condos, 10 cooperative unit, and five townhouses, totaled $366.4 million based on their most recent listing prices. 

    The priciest home to go under contract last week was a Fifth Avenue townhome directly across from the Metropolitan Museum of Art. Originally listed in 2021 for $80 million and last priced at $49.9 million, the property comprises a whopping 16,000 square feet of living space, including 10 bedrooms, seven full bathrooms, and five kitchens. The second-highest deal of the week was for a not-yet-completed West Village condo that actually saw a price increase before scoring a buyer. The roughtly 4,600-square-foot apartment at 140 Jane Street was initially listed in September for $20.5 million but went into contract with an asking price of $22 million. Once completed, the apartment will feature four bedrooms and a conservatory. 

    Authors

    • Abby Montanez

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

      Read More





    Source link

    California Colorado florida Luxury Real Estate Market manhattan New York City seattle
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleFair Warning: AI’s First Copyright Fair Use Ruling, Thomson Reuters v. ROSS
    Next Article Pro-Bitcoin Howard Lutnick confirmed as US Secretary of Commerce

    Related Posts

    Mercury Insurance proposes rate increase in California

    August 18, 2025

    Milan’s Moment

    August 18, 2025

    The Best Hotels in Venice, Italy, for a Perfect Mix of History and Glamour

    August 18, 2025

    Why Washington, D.C. Is an Amazing Place for Adventurous Oenophiles

    August 18, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Finance & Investment
    5 Mins Read

    A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office

    Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means…

    Time for a Web3 reality check: Which altcoin sectors are really delivering?

    August 18, 2025

    Alexander Wang Fall 2025 Ready-to-Wear Collection

    August 18, 2025

    EO Seeks to Expand Access to Alternative Asset Investments in Retirement Plans

    August 18, 2025
    Top
    Finance & Investment
    5 Mins Read

    A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office

    Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means…

    Time for a Web3 reality check: Which altcoin sectors are really delivering?

    August 18, 2025

    Alexander Wang Fall 2025 Ready-to-Wear Collection

    August 18, 2025
    Our Picks
    Finance & Investment
    5 Mins Read

    A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office

    Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means…

    Cryptocurrency & Blockchain
    5 Mins Read

    Time for a Web3 reality check: Which altcoin sectors are really delivering?

    Key takeaways:Web3 daily activity held steady at 24 million in Q2 2025, but sector composition…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version