State of Luxury 2019
We are no longer seeing the record breaking price appreciation we saw in prime markets across the country, coming out of the financial crisis 10 years ago. But it’s important to have a long-term perspective—something we have always emphasized at the Coldwell Banker® brand, given our longevity and 112-year history. Case in point: In reviewing North American luxury market data for 2018, single-family luxury home prices fell as much as 5% from one month to the next, yet the median sold price remained right around $1.4 million over the last 18 months. When you take the long view, the luxury real estate picture is steady and stable.