PREPARED BY DRITA BRUCI LUXURY HOME MARKETING … REPORT.pdf · Compared to December 2017, January 2018 saw a 27.6% decrease in the number of sales, an increase of over double the

LUXURY MARKET REPORT

- February 2018 -

www.LuxuryHomeMarketing.com

PREPARED BY DRITA BRUCILUXURY HOME MARKETING SPECIALIST

Copyright © 2018 Institute for Luxury Home Marketing | www.luxuryhomemarketing.com | 214.485.3000The Luxury Market Report is a monthly analysis provided by The Institute for Luxury Home Marketing. Luxury benchmark prices are

determined by The Institute annually. This active and sold data has been compiled by 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.

MAP OF LUXURY RESIDENTIAL MARKETS

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THIS IS YOUR

LUXURY MARKET REPORT

Welcome 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.

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REPORT GLOSSARY

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 bases. 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, buyers market, sellers market, and balanced market. A Buyers 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 Sellers 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.

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. Buyers Market = up to 14%; Balanced Market = 15 to 20%; Sellers Market = 21% plus. If >100%, sales from previous month exceeds 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.

– LUXURY REPORT OVERVIEW –

“The biggest difference between December 2017 and

January 2018 is the signifi cant increase in the number of

luxury single-family homes coming on to the market, but

this is easily explained as many people wait until after the

festive season to list their home. The most consistent trend

transpiring currently is the transition in the luxury single-

family homes from a ‘balanced market’ into a 'buyers

market’ where buyers have control of the market.”

It should be appreciated that luxury real estate statistics, especially the price related numbers, often see large swings month to month - especially in the quieter months, as

fewer properties are sold and the price ranges are dramatically increased. Comparing January 2018 against January 2017, there is very little difference in the median sales price, less than 1% and actually last month saw a drop from 66 to 52 for the number of days that inventory stayed on the market! Conversely, if we look at December 2017 compared to January 2018, the number of luxury sales dropped by over 25% while the median sold price has increased by 5.6%!

Therefore, looking at a 13 month trend typically gives a much clearer vision of the market's stability. Looking at these graphs, the market shows very little drama with the exception of days on market - which typically are much higher in January, due to the fact that fewer contracts are negotiated in December. These figures are to be expected at this time of year as winter months are not generally considered strong months for selling homes.

Looking into a hypermarket such as "single-family luxury homes," these numbers can become even more diverse. Compared to December 2017, January 2018 saw a 27.6% decrease in the number of sales, an increase of over double the number of new inventory entering the market, yet the price per sq. ft. has only decreased by 0.8%. Reviewing January 2018 against January 2017, the number of sales increased by 7.6%, the median sales price is actually 1% higher, and days on market decreased from 71 to 62 days.

The biggest difference between December 2017 and January 2018 is the significant increase in the number of luxury single-family homes coming on to the market, but this is easily explained as many people wait until after the festive season to list their home. The most consistent trend transpiring currently is the transition in the luxury single-family homes from a ‘balanced market’ into a 'buyers market’ where buyers have control of the market.

In the attached luxury home market, the number of sales fell 16.9% compared to the previous month, but more importantly, rose 11.2% compared to sales in January 2017. As the luxury market's investment money starts to move away from single-family homes, statistics are revealing a not unexpected rocky transition as the attached market, specifically luxury apartments, begin to experience more speculative interest.

The median sold price increased from $880,000 in December 2017 to $957,500 in January 2018, although still 1% per sq ft lower than January 2017. The current "buyer's market" status is probably not a true reflection of this market due to the abnormal amount of listings that came in the market after the Holiday Season hiatus, so the month's of February and March will be more indicative of how this market will trend moving forward.

If the market continues to see a consistent rise in inventory without a reciprocal increase in sales, this will have a bearing on the average price of luxury homes across North America. However, it must be noted that this is a summary of the luxury trend for the whole of North America. For more specific information about a particular luxury market, please refer to its corresponding individual report, as trends vary dramatically depending on their location, time of year, and other local factors.

DECEMBER2 0 1 7

NORTH AMERICAN LUXURY REVIEW

$585

$514 $5

45

$526

$529 $550

$542

$510 $527 $5

67

$546

$525

$580

$384

$386

$384

$392

$387

$387

$383

$389

$398

$382

$381

$391

$388

$0

$100

$200

$300

$400

$500

$600

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN

7167

4846

3639

4750 55 55

5057

62

63

49

35

4337

40

29

4042

37 35

44 41

0

20

40

60

80


– 13-MONTH MARKET TRENDS* –

Single-Family Homes Attached Homes Single-Family List Price Attached List Price

$0

$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000


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MA

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ET

SA

LE

S P

RIC

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S.

LIS

T P

RIC

EPR

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PE

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QU

ARE

FO

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

FOR THE LUXURY NORTH AMERICAN MARKET

Discrepancies between statistics published in the January 2018 and February 2018 Luxury Market Reports are due to the addition of the following cities:

Colin County, TX; The Woodlands & Springs, TX; Brooklyn, NY; Long Island, NY; and Stowe,VT.

S T

– LUXURY MONTHLY MARKET REVIEW –

• Official Market Type: Buyers Market with a 10.67% Sales Ratio.1

• Homes are selling for an average of 96.5% of list price.

• The average luxury threshold2 price is $1,000,000 the median luxury home sale price is $1,382,500.

• Markets with the Highest Median Sales Price: Vail ($4,539,375), Silicon Valley ($4,150,000), Vancouver ($3,785,714) and Greater Boston ($3,770,000).

• Markets with the Highest Sales Ratio: Seattle (54%), San Francisco (41%), Sacramento (27%) and St. Louis (23%).

1Sales Ratio defi nes market speed and market type: Buyers = up to 14%; Balanced = 15 to 20%; Sellers = 21% plus. If >100%, sales �rom previous

month exceeds current inventory. 2The luxury threshold price is set in December of each year by The Institute for Luxury Home Marketing.

SINGLE-FAMILY HOMES MARKET SUMMARY | DECEMBER 2017

New Listings Total Sold Days on Market Sales RatioMed. Sale Price

T S4,508 1,114 $46,250 5 5.75%

T

SINGLE-FAMILY HOMES

Median List Price $1,1772,500 $1,750,000

Median Sale Price $1,428,750 $1,382,500

Median SP/LP Ratio 96.74% 96.51%

Total Sales Ratio 16.42% 10.67%

Median Price per Sq. Ft. $391 $388

Total Inventory 24,500 27,254

New Listings 3,458 7,966

Total Sold 4,023 2,909

Median Days on Market 57 62

Average Home Size 3,705 3,640

JanuaryDecember JanuaryDecember

A Review of Key Market Differences Month Over Month

December 2017 | January 2018

Median prices represent properties priced above respective city benchmark prices.

S S T

ATTACHED HOMES

New Listings Total Sold Days on Market Sales RatioMed. Sale Price

T T1,277 225 3 3.79%

ATTACHED HOMES MARKET SUMMARY | DECEMBER 2017

• Official Market Type: Buyers Market with a 12% Sales Ratio.1

• Attached homes are selling for an average of 98% of list price.

• The average luxury threshold2 price is $735,000, the median attached luxury sale price is $957,500.

• Markets with the Highest Median Sales Price: San Francisco ($2,725,000), Boulder ($2,700,000), Park City ($2,150,000) and Stowe ($2,100,000).

• Markets with the Highest Sales Ratio: Seattle (63%), LA-The Valley (54%), Boulder (45%) and Fairfax County (38%).

1Sales Ratio defi nes market speed and market type: Buyers = up to 14%; Balanced = 15 to 20%; Sellers = 21% plus. If >100%, sales �rom previous

month exceeds current inventory. 2The luxury threshold price is set in December of each year by The Institute for Luxury Home Marketing.

$77,500

Median List Price $1,171,250 $1,064,000

Median Sale Price $880,000 $957,500

Median SP/LP Ratio 98.19% 98.11%

Total Sales Ratio 15.98% 12.19%

Median Price per Sq. Ft. $525 $580

Total Inventory 8,309 9,051

New Listings 1,420 2,697

Total Sold 1,328 1,103

Median Days on Market 44 41

Average Home Size 2,034 2,020

JanuaryDecember JanuaryDecember


A Review of Key Market Differences Month Over Month

December 2017 | January 2018



State Market NameMedian

List PriceMedian

Sold Price InventoryNew

Listings SoldDays on Market

Market Status

AB Calgary $1,249,000 $1,100,000 411 194 53 48 Buyers

AZ Phoenix $779,000 $670,000 761 265 100 73 Buyers

AZ Scottsdale $1,780,000 $1,430,000 1433 308 103 64 Buyers

AZ Tucson $759,000 $658,250 781 218 52 33 Buyers

BC Vancouver $3,998,000 $3,785,714 1170 434 39 54 Buyers

BC Victoria $1,880,000 $1,530,000 201 84 34 45 Balanced

CA LA - Beach Cities $4,995,000 $3,518,703 323 122 32 48 Buyers

CA LA - City $3,798,000 $2,970,000 657 272 76 27 Buyers

CA LA - The Valley $2,286,500 $1,900,000 438 190 71 59 Balanced

CA Marin County $4,600,000 $2,580,000 60 11 13 64 Sellers

CA Napa County $2,490,000 $2,325,000 71 9 6 101 Buyers

CA Orange County $2,399,000 $2,000,000 1219 398 159 57 Buyers

CA Palm Springs & Palm Desert $1,750,000 $1,615,000 722 183 41 61 Buyers

CA Sacramento $767,500 $710,000 498 220 135 33 Sellers

CA San Diego $2,275,000 $1,667,500 1013 420 146 44 Buyers

CA San Francisco $4,395,000 $3,439,000 39 27 16 22 Sellers

CA Santa Barbara $3,995,000 $2,841,250 184 43 20 116 Buyers

CA Silicon Valley $4,825,000 $4,150,000 114 67 18 9 Balanced

CO Boulder $1,950,000 $1,450,000 133 43 21 40 Balanced

CO Denver $999,900 $857,000 821 246 165 175 Balanced

CO Vail $4,450,000 $4,539,375 127 4 4 94 Buyers

DC Washington $3,697,500 $2,675,000 44 4 6 53 Buyers

FL Boca Raton & Delray Beach $1,999,999 $1,925,000 634 134 28 119 Buyers

FL Miami $1,450,000 $875,297 1392 270 56 154 Buyers

FL Palm Beach Towns $2,999,450 $3,397,000 420 82 37 96 Buyers

SINGLE-FAMILY HOMES


– LUXURY MONTHLY MARKET REVIEW –SINGLE-FAMILY HOMES


List PriceMedian



Market Status

FL Sarasota & Beaches $1,695,000 $1,375,000 534 115 36 218 Buyers

GA Atlanta $1,195,000 $1,088,500 1130 319 79 62 Buyers

HI Maui $3,595,000 $3,700,000 100 13 5 - Buyers

IL Chicago $1,425,000 $1,220,000 394 161 67 94 Balanced

MA Greater Boston $3,424,500 $3,770,000 62 8 10 48 Balanced

MD Montgomery County $1,750,000 $1,382,500 271 61 32 57 Buyers

MI Oakland County $734,000 $675,000 889 244 77 34 Buyers

MO St. Louis $769,000 $683,300 138 29 32 44 Sellers

NC Raleigh-Durham $708,220 $703,500 839 205 110 22 Buyers

NV Las Vegas $749,000 $625,000 1147 322 176 47 Balanced

NY Brooklyn $1,462,500 $1,345,000 146 33 14 96 Buyers

NY Long Island $1,495,000 $1,150,000 2633 605 282 29 Buyers

NY Staten Island $1,259,900 $1,200,000 113 24 15 46 Buyers

ON Toronto $3,498,000 $3,435,000 283 166 31 28 Buyers

TN Nashville $950,000 $894,950 317 90 42 51 Buyers

TX Austin $1,108,500 $816,750 573 144 88 90 Balanced

TX Collin County $697,200 $670,000 640 199 59 73 Buyers

TX Dallas $1,189,900 $758,075 557 200 70 46 Buyers

TX Houston $824,950 $680,000 1618 492 127 18 Buyers

TX The Woodlands & Spring $759,874 $700,000 439 123 23 51 Buyers

UT Park City $3,500,000 $2,575,000 257 36 11 90 Buyers

VA Fairfax County $1,649,950 $1,362,500 382 88 36 73 Buyers

VT Stowe $1,450,000 $900,000 25 1 1 46 Buyers

WA Seattle $1,950,000 $1,435,000 101 40 55 18 Sellers


– LUXURY MONTHLY MARKET REVIEW –ATTACHED HOMES

Markets with dashes do not have a signifi cant luxury market for this report. Median prices represent properties priced above respective city benchmark prices.


List PriceMedian



Market Status

AB Calgary $849,900 $792,000 213 96 23 51 Buyers

AZ Phoenix - - - - - - -

AZ Scottsdale $675,000 $615,000 196 68 23 45 Buyers

AZ Tucson - - - - - - -

BC Vancouver $1,999,950 $1,648,800 454 260 79 10 Balanced

BC Victoria $859,900 $805,000 101 46 22 49 Sellers

CA LA - Beach Cities $1,769,000 $1,265,000 51 28 17 12 Sellers

CA LA - City $1,724,000 $1,230,000 220 103 49 39 Sellers

CA LA - The Valley $699,450 $690,000 74 38 40 41 Sellers

CA Marin County $1,295,000 $1,350,000 17 11 3 14 Balanced

CA Napa County - - - - - - -

CA Orange County $1,129,999 $902,500 267 128 77 35 Sellers

CA Palm Springs & Palm Desert - - - - - - -

CA Sacramento - - - - - - -

CA San Diego $1,165,000 $965,000 391 206 89 33 Sellers

CA San Francisco $2,749,000 $2,725,000 69 32 17 40 Sellers

CA Santa Barbara $1,699,000 $1,400,000 37 14 3 75 Buyers

CA Silicon Valley $1,835,000 $1,600,000 22 25 8 8 Sellers

CO Boulder $899,000 $2,700,000 33 16 15 76 Sellers

CO Denver $699,000 $800,000 374 126 131 24 Sellers

CO Vail $3,100,000 $650,000 94 15 4 511 Buyers

DC Washington $1,950,000 $1,475,000 109 43 19 7 Balanced

FL Boca Raton & Delray Beach $869,000 $807,500 437 100 30 85 Buyers

FL Miami $998,000 $1,032,000 2803 425 55 128 Buyers

FL Palm Beach Towns $1,349,500 $1,350,000 266 65 13 63 Buyers


List PriceMedian



Market Status

FL Sarasota & Beaches $1,189,950 $1,166,125 238 70 43 24 Balanced

GA Atlanta $675,000 $618,688 483 131 44 34 Buyers

HI Maui $1,724,999 $1,571,977 161 24 10 - Buyers

IL Chicago $1,269,950 $950,000 98 36 7 105 Buyers

MA Greater Boston $2,525,000 $2,000,000 161 43 49 48 Sellers

MD Montgomery County $862,490 $670,000 142 36 33 26 Sellers

MI Oakland County $742,500 $768,375 60 14 4 48 Buyers

MO St. Louis - - - - - - -

NC Raleigh-Durham - - - - - - -

NV Las Vegas - - - - - - -

NY Brooklyn $939,500 $920,000 56 12 5 63 Buyers

NY Long Island $968,000 $940,000 236 72 21 56 Buyers

NY Staten Island - - - - - - -

ON Toronto $1,288,000 $1,215,000 253 154 55 16 Sellers

TN Nashville $739,350 $565,000 76 8 7 20 Buyers

TX Austin $742,000 $675,000 147 25 24 76 Balanced

TX Collin County - - - - - - -

TX Dallas $750,000 $600,000 155 23 35 78 Sellers

TX Houston $649,000 $600,000 201 30 20 108 Buyers

TX The Woodlands & Spring - - - - - - -

UT Park City $2,198,500 $2,150,000 172 28 11 32 Buyers

VA Fairfax County $685,035 $685,000 77 21 29 29 Sellers

VT Stowe $985,000 $2,100,000 14 1 1 278 Buyers

WA Seattle $1,702,000 $995,000 46 4 29 21 Sellers

– LUXURY MONTHLY MARKET REVIEW –ATTACHED HOMES

Markets with dashes do not have a signifi cant luxury market for this report. Median prices represent properties priced above respective city benchmark prices.

TORONTOCANADA

–February 2018–

www.LuxuryHomeMarketing.com

TORONTO SINGLE-FAMILY HOMES

LUXURY INVENTORY VS. SALES | JANUARY 2018

33

12

18

24

38

49

34

70

55

48

66

60

43

64

37

0

2

0

1

5

5

7

15

18

6

13

15

16

22

11

$4,000,000+

$3,500,000 - $3,999,999

$3,000,000 - $3,499,999

$2,500,000 - $2,999,999

$2,000,000 - $2,499,999

$1,750,000 - $1,999,999

$1,500,000 - $1,749,999

$1,250,000 - $1,499,999

$1,000,000 - $1,249,999

$900,000 - $999,999

$800,000 - $899,999

$750,000 - $799,999

$700,000 - $749,999

$650,000 - $699,999

$620,000 - $649,999

Inventory Sales

Luxury Benchmark Price 1: $2,500,000

1 The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyers = up to 14%; Balanced = 15 to 20%; Sellers = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

Beds3 -Range-

Price -Median Sold-

DOM -Median Sold-

Baths -Median Sold-

Sold -Total-

Inventory -Total-

Sales Ratio -Sold/Inventory-

0-1 Bedrooms NA NA NA 0 2 0%

2 Bedrooms NA NA NA 0 0 NA

3 Bedrooms $3,182,000 68 3 7 20 35%

4 Bedrooms $3,200,000 10 5 15 134 11%

5 Bedrooms $4,625,000 5 6 7 85 8%

6+ Bedrooms $3,550,000 60 17 2 39 5%

Total Inventory: 283

Total Sales: 31

Total Sales Ratio2: 11%

Buyer's Market

MEDIAN DATA

13 MONTH LUXURY MARKET TREND4

December January

283241VARIANCE: 17%

INVENTORY

December January

N/AN/AVARIANCE: N/A

MEDIAN PRICE PER SQ. FOOT

December January

97.02%94.64%

VARIANCE: 3%

MEDIAN SP/LP%

December January

1028VARIANCE: -64%

MEDIAN DAYS ON MARKET

December January

3130VARIANCE: 3%

NUMBER SOLD

December January

$3.44m$3.13mVARIANCE: 10%

MEDIAN SOLD PRICE

SINGLE-FAMILY HOMES

TORONTO MARKET SUMMARY | JANUARY 2018

SoldsMedian Sales Price Inventory

559463

532611

766878 881

817 772679 694 670 651

139 15589 114 165 181

235298

217 221141 146 136

$825,000 $794,500 $852,100 $822,500 $824,000 $811,000 $840,000 $857,250 $842,000 $805,000 $785,601

$860,000 $826,488

Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17

3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Historical data before August 2017 does not account for listings taken off the market.

TORONTO

• The Toronto single-family luxury market is a Buyers Market with an 11% Sales Ratio.

• Homes sold for a median of 97% of list price in January 2018.

• The most active price band is $700,000-$749,999, where the sales ratio is 37%.

• The median luxury sales price for single-family homes has increased to $3,440,000.

• The median days on market for January 2018 was 10 days, down from 28 in December 2017.

ATTACHED HOMES

LUXURY INVENTORY VS. SALES | JANUARY 2018

27

1

1

3

3

6

10

16

11

11

19

14

26

8

9

1

0

0

0

0

0

1

0

3

4

2

0

1

3

1

$1,500,000+

$1,400,000 - $1,499,999

$1,300,000 - $1,399,999

$1,200,000 - $1,299,999

$1,100,000 - $1,199,999

$1,000,000 - $1,099,999

$900,000 - $999,999

$800,000 - $899,999

$750,000 - $799,999

$700,000 - $749,999

$650,000 - $699,999

$600,000 - $649,999

$575,000 - $599,999

$550,000 - $574,999

$530,000 - $549,999

Inventory Sales

Luxury Benchmark Price 1: $915,000

1 The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyers = up to 14%; Balanced = 15 to 20%; Sellers = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

Beds3 -Range-

Price -Median Sold-

DOM -Median Sold-

Baths -Median Sold-

Sold -Total-

Inventory -Total-

Sales Ratio -Sold/Inventory-

0 Bedrooms NA NA NA 0 1 0%

1 Bedrooms $1,027,500 33 2 4 23 17%

2 Bedrooms $1,232,500 15 2 40 165 24%

3 Bedrooms $1,144,900 34 3 11 58 19%

4 Bedrooms NA NA NA 0 4 0%

5+ Bedrooms NA NA NA 0 2 0%

Total Inventory: 253

Total Sales: 55

Total Sales Ratio2: 22%

Seller's Market

TORONTO

MEDIAN DATA

December January

253239VARIANCE: 6%

INVENTORY

December January

N/AN/AVARIANCE: N/A

MEDIAN PRICE PER SQ. FOOT

December January

97.96%97.40%

VARIANCE: 1%

MEDIAN SP/LP%

December January

1618VARIANCE: -11%

MEDIAN DAYS ON MARKET

December January

5546VARIANCE: 20%

NUMBER SOLD

December January

$1.22m$1.19mVARIANCE: 2%

MEDIAN SOLD PRICE

ATTACHED HOMES

TORONTO MARKET SUMMARY | JANUARY 2018

109 97119 126 123 123 114

132 147 150 153 150 165

19 3313 22 34 31 43 31 25 35 22 35

16

$657,500 $625,000

$729,000 $659,750 $657,450 $635,000

$609,900

$702,500

$605,000 $634,000 $624,750 $625,000 $715,000

Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17

SoldsSale Price Inventory

3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Historical data before August 2017 does not account for listings taken off the market.

13 MONTH LUXURY MARKET TREND4

TORONTO

• The Toronto attached luxury market is a Sellers Market with a 22% Sales Ratio.

• Homes sold for a median of 98% of list price in January 2018.

• The most active price band is $700,000-$749,999, where the sales ratio is 37%.

• The median luxury sales price for attached homes has increased to $1,220,000.

• The median days on market for January 2018 was 16 days, down from 18 in December 2017.

Documents

PREPARED BY DRITA BRUCI LUXURY HOME MARKETING … REPORT.pdf · Compared to December 2017, January 2018 saw a 27.6% decrease in the number of sales, an increase of over double the