Homes & Estates Florida Portfolio Volume 2 | Page 6

SIGNIFICANT TRENDS & INSIGHTS
“Stable,” “consistent” and “solid” are the buzzwords for the 2017
luxury residential market. Annual data* provided by The Institute for
Luxury Home Marketing — a partner of the Coldwell Banker Global
Luxury SM program — shows that luxury home prices leveled off
overall as inventory constraints eased last year and demand settled
into a “new normal” after an explosive eight-year, post-recession
housing boom.
The Institute for Luxury Home Marketing analyzed median sales prices,
number of sales, median sales-price-to-list-price ratios, median days
on market and price per square foot in the top 5% and 10% of nearly
50 U.S. luxury markets — dubbed “Power Markets” — to identify four
key trends coming out of 2017. These trends may provide a preview
of what’s ahead for high-end housing in 2018. (A detailed snapshot
of all Power Markets starts on page 24 of this report, which can be
found on coldwellbankerluxury.com/blog.)
T O TA L H O M E S SOLD
Single-Family Homes
7,000
M E DI AN DAYS ON MAR K ET
Condos
Single-Family Homes
Condos
90
6,000
80
5,000
70
40
53
43
41
30
39
37
41
44
45
42
40
50
43
41
39
31
FEB
APR
MAY
JUN
4 | Homes & Estates | Florida Collection
JUL
MAR
APR
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Condos
Single-Family Homes
$1,500,000
MAY
M E DI AN PR I CE
$2,000,000
SEP
OCT
NOV
DEC
$500,000
$1,000,000
AUG
FEB
Condos
MAR
JAN
$2,500,000
Single-Family Homes
0
DEC
NOV
OCT
SEP
AUG
JUL
JUN
MAY
APR
10
MAR
MEDIAN SP/LP%
JAN
64
62
58
56
FEB
JAN
66
20
0
65
50
2,000
65
50
3,000
1,000
4,000
78
60
$0
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC