Dec 8, 2020
The luxury market of homes over $5M have out paced the amount of
closed sales over $5M in 2019 by 23%. On a year over year basis
there are more sales in 2020 over $5M, $10M, $20M and $30M. The
majority of these sales took place in the second half of 2020 as
the luxury markets froze for a few months when Covid and shelter in
place took hold. There were 50 sales over $20M so far this year and
40 of the buyers were Americans. Out of the 10 international sales
2 buyers
we’re from Taiwan and 1 from China.