Corcoran Pacific Properties Hawaii Luxury Market Report DEC 2022

Page 1

Luxury Market Report

Hawaii, December 2022

OAHU | HAWAII ISLAND | MAUI | KAUAI

About Corcoran Pacific Properties

Corcoran Pacific Properties, the exclusive Hawaii franchisee of The Corcoran Group, is a locally owned and operated company, founded in 2005 with a simple philosophy: treating every client as a friend, and every transaction as if it was our own.

Over the past 17+ years, honoring this philosophy, we established a culture of service and efficiency fueled by high-tech, smart investments in agents, and the tools they need to deliver world-class service while helping clients achieve their real estate goals.

By choosing only the most successful, experienced real estate professionals and dedicating every resource to support their success, we’ve grown to be the brokerage of choice serving Kauai, Oahu, Maui and Hawaii Island.

With our clients at the heart of our business, Corcoran Pacific Properties is dedicated to excellence, innovation and to continuously raising the bar when it comes to impeccable service, expert insight and a relationship-first approach.

©2020 Corcoran Pacific Properties. All rights reserved. Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Pacific Properties fully supports the principles ofthe Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

At Corcoran Pacific Properties, we dream big. We know that luxury is not a price point, but an experience.

Through our commitment to providing first-class support for our 200+ award-winning real estate professionals, we deliver a distinctive and authentic experience to our agents, employees and clients, helping people find the lifestyle they seek.

Gregg Antonsen SVP, Luxury Sales gregg.antonsen@corcoranpacific.com

OAHU

Kahala Office 4211 Waialae Ave. Suite 106 Honolulu, HI 96816 (800) 315-3898

Wailea Office 34 Wailea Gateway Pl. Suite A-204

Kihei, HI 96753 (800) 315-3898

Kailua Office 419-B Kuulei Rd. Kailua, HI 96816 (800) 315-3898

Mililani Office 95-1249 Meheula Parkway, Suite No. A-5 Mililani, HI 96789 (808) 589-2040

North Shore Office 66-590 Kamehameha Hwy, Unit 1 Haleiwa, HI 96712 (808) 589-2040

Lahaina Office 75 Kupuohi St. Suite 203 Lahaina, HI 96761 (800) 315-3898

Koloa Office 3417 Poipu Rd. Suite 110B Koloa, HI 96756 (800) 315-3898

Hilo Office 64 Keawe St. Suite 203 Hilo, HI 96720 (800) 315-3898

Kona Office Walua Professional Bldg. 75-5905 Walua Rd. Suite 9 Kailua-Kona, HI 96740 (800) 315-3898

Mauna Lani Portfolio

Mauna Lani Auberge Resort 68-1400 Mauna Lani Dr, Suite 108 Waimea, HI 96743 (800) 315-3898

Princeville Office 5-4280 Kuhio Hwy. Suite B-103 Princeville, HI 96722 (800) 315-3898

Waimea Office 65-1291 Kawaihae Rd. Suite 101 C Kamuela, HI 96743 (800) 315-3898

OFFICES MAUI OFFICES KAUAI OFFICES
HAWAII ISLAND OFFICES
Table of Contents Page 5 Luxury Report Explained Page 6 Welcome Message Page 7 Hawaii Luxury Market Review Page 8-13 Oahu Market Review Page 14-19 Island of Hawaii Market Review Page 20-25 Maui Market Review Page 26-31 Kauai Market Review Page 33-36 North American Luxury Market Review Page 37 13-Month Market Trends Page 38 Single-Family Homes Monthly Overview Page 39 Attached Homes Monthly Overview Page 48 Thank You!

Luxury Report Explained

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-squarefoot – 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 basis. If your market is not featured, please contact us so we can implement the necessary qualification process. More indepth reports on the luxury communities in your market are available as well.

Looking through this report, you will notice three distinct market statuses, Buyer's Market, Seller's Market, and Balanced Market. A Buyer's 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 Seller's 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.

Report Glossary

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. Buyer's Market = up to 14%; Balanced Market = 15 to 20%; Seller's Market = 21% plus. If >100%, sales from previous month exceed 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.

REMAINING INVENTORY: The total number of homes available at the close of a month.

is your

Map of Luxury Residential Markets

elcome 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.

Copyright © 2020 Institute for Luxury Home Marketing | www.luxuryhomemarketing.com | 214.485.3000

The Luxury Market Report is a monthly analysis provided by The Institute for Luxury Home Marketing. Luxury benchmark prices are determined by The Institute. 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.

                                                                                                           This
Luxury Market
Report
W

Hawaii Luxury Market Review

Corcoran Pacific Properties is pleased to present a closer look at the luxury real estate market in Hawaii, which includes detailed statistical analysis of Oahu, the Island of Hawaii, Maui and Kauai for November 2022.

As we find ourselves close to the end of 2022 it is interesting to start to compare this year’s statistics against previous years.

What will surprise many, given the highly debated status of the current market, is for the most part the number of sales, price points and supply of inventory does not vary greatly compared to the numbers of 2021, and against pre-pandemic levels we can see that 2022 has been a very strong year for luxury properties. These yearly statistical comparisons, displayed clearly on pages 13, 19, 25, and 31, give specific data on each of the Hawaiian Island’s luxury markets.

Of course, it’s important to recognize that the first 4-5 months of the year saw high levels of sales, continued price increases and a declining level of inventory. However, even though the market has slowed especially in respect to the number of sales each month since July, properties are still selling and at rates above historical norms.

If we take a snapshot of one price band, $1-2 million single family homes across all the markets, the overall number of sales is only 120 lower than 2021 (2,380) but more than double 2019 (1,177) and there is still one month to go. The months of remaining supply are only slightly higher at 4.5 months compared to 4.3 in 2021, and less than half when compared to 2019’s 10.7 months of remaining inventory.

The median price point in November, in both the single family and attached market, remains stable. The single-family market median sold price saw its first increase since July climbing from $2,060,625 to $2,072,813, whereas it fell in the attached market from $1,313,125 to $1,242,625.

The number of sales has declined again compared to October, but then again, this is both reflective of the time of year and the lack of new inventory entering the market. A perfect example how the lack of inventory is affecting sales is on the island of Kauai where all attached inventory between $800,000 to $1 million sold in October with the only active listing available now under offer in November.

Expect the luxury market to continue to soften as we head into the winter months, but equally for prices to remain at near record levels as the lack of new inventory will continue its influence.

As in all markets, there are always opportunities and challenges for buyers and sellers for certain property locations, types and price points. The opportunity to work closely with a real estate expert familiar with local trends is the best resource to navigate the specific and varied markets found within the Hawaiian Islands.

Oahu Hawaii

2022 December

$9,500,000+

$8,500,000 - $9,499,999

$7,500,000 - $8,499,999

$6,500,000 - $7,499,999

$5,500,000 - $6,499,999

$4,700,000 - $5,499,999

$4,100,000 - $4,699,999

$3,500,000 - $4,099,999

$3,100,000 - $3,499,999

$2,700,000 - $3,099,999

$2,300,000 - $2,699,999

$2,100,000 - $2,299,999

$1,900,000 - $2,099,999

$1,800,000 - $1,899,999

$1,750,000 - $1,799,999

17 6 4 7 13 14 11 17 13 24 34 15 19 17 12 0 0 0 1 1 1 2 2 2 3 7 5 4 7 1
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory-
- 2,999 $2,194,500 3 3 14 75 19% 3,000 - 3,999 $2,385,000 4 3 10 51 20% 4,000 - 4,999 $2,825,000 4 5 9 36 25% 5,000 - 5,999 $4,385,000 5 4 3 19 16% 6,000 - 6,999 NA NA NA 0 16 0% 7,000+ NA NA NA 0 25 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. Inventory Sales OAHU Single-Family Homes Luxury Inventory vs. Sales | November 2022 Luxury Benchmark Price 1: $1,750,000 Balanced Market 223 Total Inventory: 36 Total Sales: 16% Total Sales Ratio2:
0
Median Data Review | November 159 150 143 125 138 151 145 181 187 196 195 207 223 58 51 40 46 65 64 57 56 48 55 37 24 36 $2,557,500 $2,690,000 $2,374,000 $2,375,000 $2,600,000 $2,500,000 $2,375,000 $2,375,000 $2,287,000 $2,200,000 $2,300,000 $2,362,500 $2,343,750 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Oahu single-family luxury market is a Balanced Market with a 16% Sales Ratio • Homes sold for a median of 100.00% of list price in November 2022. • The most active price band is $1,800,000-$1,899,999, where the sales ratio is 41%. • The median luxury sales price for single-family homes is $2,343,750 • The median days on market for November 2022 was 17 days, up from 15 in November 2021. Oahu Market Summary | November 2022 VARIANCE: 40 % 159 223 Nov. 2021 Nov. 2022 Total Inventory VARIANCE: - 38 % 58 36 Total Solds VARIANCE: - 8 % $2.56m $2.34m Sales Price VARIANCE: 13 % 15 17 Days on Market VARIANCE: 0 % 100.00% 100.00% Sale to List Price Ratio VARIANCE: 16 % $729 $843 Sale Price Per SqFt. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 13-Month Luxury Market Trend4 Solds Median Sales Price Inventory OAHU Single-Family Homes

$7,000,000+

$6,000,000 - $6,999,999

$5,200,000 - $5,999,999

$4,400,000 - $5,199,999

$3,800,000 - $4,399,999

$3,200,000 - $3,799,999

$2,600,000 - $3,199,999

$2,200,000 - $2,599,999

$1,800,000 - $2,199,999

$1,500,000 - $1,799,999

$1,200,000 - $1,499,999

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

$900,000 - $999,999 $800,000 - $899,999 $750,000 - $799,999

10 5 3 5 8 10 15 21 38 44 67 61 54 77 41 1 0 1 0 0 1 2 0 2 4 7 8 10 14 10
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory-
- 999 $822,000 1 1 10 172 6%
-
$965,000 2 2 27 170 16%
$962,500 3 3 16 62 26%
$1,471,500 3 3 4 26 15% 2,500
$6,349,500 3 3 2 9 22%
$3,225,000 5 4 1 20 5%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >=
Seller's >=
plus. If
MLS® data reported previous month’s sales exceeded current inventory. ATTACHED HOMES Inventory Sales OAHU Attached Homes Luxury Inventory vs. Sales | November 2022 Luxury Benchmark Price 1: $750,000 Buyer's Market 459 Total Inventory: 60 Total Sales: 13% Total Sales Ratio2:
0
1,000
1,499
1,500 - 1,999
2,000 - 2,499
- 2,999
3,000+
1
14.5 to < 20.5%;
20.5%
>100%
351 327 315 326 332 331 326 363 405 383 391 421 459 105 120 122 106 152 153 153 148 108 85 107 119 60 $900,000 $935,000 $968,750 $950,000 $928,000 $900,000 $890,000 $925,000 $924,500 $905,000 $900,000 $990,000 $937,500 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 31 % 351 459 VARIANCE: - 43 % 105 60 VARIANCE: 4 % $900k $938k Sales Price VARIANCE: 150 % 12 30 Days on Market VARIANCE: - 1 % 100.00% 98.54% Sale to List Price Ratio VARIANCE: - 1 % $799 $795 Sale Price Per SqFt. Oahu Market Summary | November 2022 • The Oahu attached luxury market is a Buyer's Market with a 13% Sales Ratio • Homes sold for a median of 98.54% of list price in November 2022. • The most active price band is $5,200,000-$5,999,999, where the sales ratio is 33%. • The median luxury sales price for attached homes is $937,500 • The median days on market for November 2022 was 30 days, up from 12 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Median Data Review | November Total Inventory Total Solds 13-Month Luxury Market Trend4 Solds Median Sales Price Inventory OAHU Attached Homes

Single-Family Attached

Metric Year $1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+

Closed Sales

2016 657 96 36 16 240 333 2017 732 108 50 13 318 660 2018 794 86 46 27 282 352 2019 775 94 37 21 261 309 2020 931 115 57 27 183 188 2021 1,170 302 132 47 464 497 2022 YTD 1,665 218 106 49 508 484

Median Sales Price (in millions)

2016 $1,250,000 $2,300,000 $3,625,000 $6,744,844 $870,000 $1,712,800 2017 $1,250,000 $2,377,500 $3,525,000 $6,388,000 $875,000 $1,777,500 2018 $1,255,000 $2,372,500 $3,662,500 $7,200,000 $888,000 $1,550,000 2019 $1,250,000 $2,300,000 $3,688,000 $5,800,000 $890,000 $1,495,000 2020 $1,265,000 $2,325,000 $3,500,000 $6,800,000 $878,000 $1,325,000 2021 $1,270,000 $2,450,000 $3,600,000 $6,700,000 $875,000 $1,350,000 2022 YTD $1,300,000 $2,368,750 $3,600,000 $6,830,000 $866,000 $1,350,000

Months Supply of Inventory

2016 5.0 10.2 21.1 27.5 5.8 10.1 2017 4.7 9.8 13.3 40.2 5.1 5.9 2018 5.6 12.1 14.8 21.6 6.8 5.9 2019 5.6 12.9 18.6 36.0 8.3 11.6 2020 3.6 8.2 11.8 26.7 7.2 20.4 2021 1.9 3.2 4.9 13.2 2.8 6.0 2022 YTD 3.3 6.8 3.3 29.0 6.1 10.7

OAHU Sales Activity

Island of Hawaii

2022
December

$9,000,000+

$7,800,000 - $8,999,999

$6,800,000 - $7,799,999

$5,800,000 - $6,799,999

$5,000,000 - $5,799,999

$4,200,000 - $4,999,999

$3,400,000 - $4,199,999

$2,800,000 - $3,399,999

$2,400,000 - $2,799,999

$2,000,000 - $2,399,999

$1,700,000 - $1,999,999

$1,400,000 - $1,699,999

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

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

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

5 4 4 2 4 3 6 11 7 12 13 23 5 14 7 2 0 0 0 0 1 2 0 4 2 0 3 3 1 2
Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory-
- 1,499 $9,000,000 3 2 1 12 8%
-
$1,357,500 3 2 4 17 24% 2,000 - 2,499 $1,688,888 3 2 3 15 20% 2,500 -
$2,458,200 4 4 3 9 33% 3,000 -
NA NA NA 0 8 0% 3,500+ $2,625,000 5 4 5 17 29%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. ISLAND OF HAWAII Single-Family Homes Inventory Sales Luxury Inventory vs. Sales | November 2022 Luxury Benchmark Price 1: $1,100,000 Balanced Market 120 Total Inventory: 20 Total Sales: 17% Total Sales Ratio2:
Square
0
1,500
1,999
2,999
3,499
1
Median Data Review | November 64 59 63 60 65 76 92 121 122 112 113 120 120 24 41 27 31 33 40 32 28 15 17 20 21 20 $1,502,500 $1,650,000 $1,750,000 $1,485,000 $1,497,000 $1,987,500 $2,100,000 $1,600,000 $1,405,500 $1,800,000 $1,630,000 $1,525,000 $2,325,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Island of Hawaii single-family luxury market is a Balanced Market with a 17% Sales Ratio • Homes sold for a median of 94.27% of list price in November 2022. • The most active price band is $1,300,000-$1,399,999, where the sales ratio is 60%. • The median luxury sales price for single-family homes is $2,325,000 • The median days on market for November 2022 was 43 days, up from 16 in November 2021. Island of Hawaii Market Summary | November 2022 VARIANCE: 88 % 64 120 Nov. 2021 Nov. 2022 Total Inventory VARIANCE: - 17 % 24 20 Total Solds VARIANCE: 55 % $1.50m $2.33m Sales Price VARIANCE: 169 % 16 43 Days on Market VARIANCE: - 4 % 97.75% 94.27% Sale to List Price Ratio VARIANCE: 9 % $714 $779 Sale Price Per SqFT. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 ISLAND OF HAWAII Single-Family Homes 13-Month Luxury Market Trend4 Solds Median Sales Price Inventory

$4,500,000+

$4,000,000 - $4,499,999

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

$3,100,000 - $3,499,999

$2,700,000 - $3,099,999

$2,400,000 - $2,699,999

$2,100,000 - $2,399,999

$1,800,000 - $2,099,999

$1,600,000 - $1,799,999

$1,400,000 - $1,599,999

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

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

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

$1,000,000 - $1,099,999 $950,000 - $999,999

4 0 3 1 3 4 3 8 3 4 2 7 5 2 2 1 1 0 0 0 1 1 0 1 0 0 2 2 1 3
Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory-
- 999 NA NA NA 0 3 0%
-
$950,000 2 2 1 7 14%
$1,100,000 3 2 3 8 38% 2,000
NA NA NA 0 13 0% 2,500
$3,273,750 3 3 4 7 57%
$1,025,000 5 4 1 4 25%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >=
to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. ATTACHED HOMES Luxury Benchmark Price 1: $950,000 Inventory Sales ISLAND OF HAWAII Attached Homes Luxury Inventory vs. Sales | November 2022 Seller's Market 51 Total Inventory: 13 Total Sales: 25% Total Sales Ratio2:
Square
0
1,000
1,499
1,500 - 1,999
- 2,499
- 2,999
3,000+
1
14.5
32 29 25 26 24 26 38 50 55 47 52 51 51 17 20 24 24 34 35 36 30 19 16 14 7 13 $1,180,000 $1,461,560 $1,225,000 $1,407,500 $1,555,000 $1,400,000 $1,852,000 $1,640,000 $1,550,000 $1,483,750 $1,342,500 $1,535,000 $1,217,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 59 % 32 51 VARIANCE: - 24 % 17 13 VARIANCE: 3 % $1.18m $1.22m Sales Price VARIANCE: 660 % 5 38 Days on Market VARIANCE: - 4 % 100.00% 95.60% Sale to List Price Ratio VARIANCE: - 17 % $821 $679 Sale Price Per SqFt. Island of Hawaii Market Summary | November 2022 • The Island of Hawaii attached luxury market is a Seller's Market with a 25% Sales Ratio • Homes sold for a median of 95.60% of list price in November 2022. • The most active price band is $950,000-$999,999, where the sales ratio is 150%. • The median luxury sales price for attached homes is $1,217,000 • The median days on market for November 2022 was 38 days, up from 5 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Median Data Review | November Total Inventory Total Solds ISLAND OF HAWAII Attached Homes Solds Sale Price Inventory 13-Month Luxury Market Trend4

ISLAND OF HAWAII Sales Activity

Single-Family Attached

Metric Year $1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+

Closed Sales

2016 75 18 8 30 32 53 2017 95 24 11 29 42 89 2018 104 17 17 15 41 88 2019 131 21 7 27 48 79 2020 182 31 26 33 53 126 2021 247 59 45 70 125 236 2022 YTD 227 57 30 30 70 164

Median Sales Price (in millions)

2016 $1,395,000 $2,485,000 $4,175,000 $7,187,500 $916,000 $1,800,000 2017 $1,374,000 $2,424,000 $4,100,000 $7,950,000 $899,500 $1,600,000 2018 $1,349,000 $2,495,005 $3,950,000 $7,500,000 $880,000 $1,945,000 2019 $1,295,000 $2,500,000 $3,100,000 $7,725,000 $900,000 $1,450,000 2020 $1,295,000 $2,600,000 $3,999,500 $6,950,000 $905,000 $1,700,000 2021 $1,399,000 $2,450,000 $3,950,000 $8,450,000 $877,000 $1,592,500 2022 YTD $1,293,000 $2,300,000 $3,525,000 $9,673,750 $887,500 $1,715,000

Months Supply of Inventory

2016 16.6 23.5 29.9 22.9 15.7 22.6 2017 15.8 19.9 21.3 20.7 13.5 20.4 2018 14.8 17.5 20.2 19.9 9.6 12.9 2019 14.2 18.6 23.9 17.0 11.7 14.1 2020 9.8 13.5 14.0 15.2 5.1 7.1 2021 5.1 8.3 9.1 8.6 2.7 5.1 2022 YTD 5.0 4.0 4.0 10.0 2.7 4.6

Maui Hawaii

2022 December

$12,000,000+

$9,900,000 - $11,999,999

$7,900,000 - $9,899,999

$5,900,000 - $7,899,999

$4,900,000 - $5,899,999

$3,900,000 - $4,899,999

$3,400,000 - $3,899,999

$2,900,000 - $3,399,999

$2,400,000 - $2,899,999

$2,200,000 - $2,399,999

$2,000,000 - $2,199,999

$1,800,000 - $1,999,999

$1,700,000 - $1,799,999

$1,600,000 - $1,699,999

$1,500,000 - $1,599,999

14 7 6 10 5 14 11 13 19 9 2 13 3 6 4 0 0 0 0 0 1 0 1 3 0 1 2 2 1 4
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory-
- 1,999 $1,599,000 2 2 7 29 24% 2,000 - 2,999 $1,810,000 3 7 5 48 10% 3,000 - 3,999 $1,775,000 5 5 2 29 7% 4,000 - 4,999 NA NA NA 0 10 0% 5,000 - 5,999 $2,850,000 5 9 1 11 9% 6,000+ NA NA NA 0 9 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. MAUI Single-Family Homes Inventory Sales Luxury Inventory vs. Sales | November 2022 Luxury Benchmark Price 1: $1,500,000 Buyer's Market 136 Total Inventory: 15 Total Sales: 11% Total Sales Ratio2:
0
Median Data Review | November 92 106 112 109 103 97 114 133 132 137 138 139 136 27 30 35 21 32 38 33 29 27 26 13 21 15 $2,420,000 $2,162,500 $2,225,000 $1,900,000 $2,262,500 $2,402,500 $2,950,000 $2,500,000 $2,000,000 $1,947,500 $2,558,000 $2,550,000 $1,810,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Maui single-family luxury market is a Buyer's Market with a 11% Sales Ratio • Homes sold for a median of 96.88% of list price in November 2022. • The most active price band is $1,500,000-$1,599,999, where the sales ratio is 100%. • The median luxury sales price for single-family homes is $1,810,000 • The median days on market for November 2022 was 94 days, down from 106 in November 2021. Maui Market Summary | November 2022 VARIANCE: 48 % 92 136 Nov. 2021 Nov. 2022 Total Inventory VARIANCE: - 44 % 27 15 Total Solds VARIANCE: - 25 % $2.42m $1.81m Sales Price VARIANCE: - 11 % 106 94 Days on Market VARIANCE: - 1 % 98.00% 96.88% Sale to List Price Ratio VARIANCE: - 17 % $1,111 $917 Sale Price Per SqFt. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 MAUI Single-Family Homes 13-Month Luxury Market Trend4 Solds Median Sales Price Inventory

$4,500,000+

$3,600,000 - $4,499,999

$3,100,000 - $3,599,999

$2,600,000 - $3,099,999

$2,400,000 - $2,599,999

$2,200,000 - $2,399,999

$2,000,000 - $2,199,999

$1,900,000 - $1,999,999

$1,800,000 - $1,899,999

$1,700,000 - $1,799,999

$1,600,000 - $1,699,999

$1,500,000 - $1,599,999

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

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

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

17 8 1 7 3 2 4 6 2 5 6 2 4 5 6 4 0 0 1 0 1 1 1 0 3 1 3 2 2 6
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory-
- 999 $1,350,000 1 2 9 22 41%
-
$1,570,000 2 2 9 29 31% 1,500 -
$1,462,500 3 3 2 8 25% 2,000 - 2,499 $3,375,000 3 8 2 10 20% 2,500 -
$6,912,500 3 6 2 7 29% 3,000+ $10,110,900 3 8 1 2 50%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. Inventory Sales MAUI Attached Homes Luxury Inventory vs. Sales | November 2022 Luxury Benchmark Price 1: $1,200,000 Seller's Market 78 Total Inventory: 25 Total Sales: 32% Total Sales Ratio2:
0
1,000
1,499
1,999
2,999
1
34 48 47 50 53 59 77 89 83 76 61 61 78 34 34 30 35 56 55 31 42 21 28 21 20 25 $2,249,000 $2,325,000 $1,925,000 $1,675,000 $1,700,000 $1,650,000 $1,925,000 $1,812,500 $1,600,000 $1,672,500 $1,900,000 $1,487,500 $1,595,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 129 % 34 78 VARIANCE: - 26 % 34 25 VARIANCE: - 29 % $2.25m $1.60m Sales Price VARIANCE: 21 % 68 82 Days on Market VARIANCE: - 3 % 100.00% 97.30% Sale to List Price Ratio VARIANCE: 4 % $1,460 $1,525 Sale Price Per SqFt. Maui Market Summary | November 2022 • The Maui attached luxury market is a Seller's Market with a 32% Sales Ratio • Homes sold for a median of 97.30% of list price in November 2022. • The most active price band is $1,500,000-$1,599,999, where the sales ratio is 150%. • The median luxury sales price for attached homes is $1,595,000 • The median days on market for November 2022 was 82 days, up from 68 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Median Data Review | November Total Inventory Total Solds Solds Sale Price Inventory 13-Month Luxury Market Trend4 MAUI Attached Homes

Single-Family Attached

Metric Year $1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+

Closed Sales

2016 143 31 25 20 66 168 2017 168 39 32 15 99 192 2018 190 31 30 13 120 285 2019 215 47 25 13 118 247 2020 218 51 34 11 140 273 2021 404 126 79 68 292 583 2022 YTD 377 94 53 39 227 468

Median Sales Price (in millions)

2016 $1,265,850 $2,300,000 $3,700,000 $6,510,000 $899,500 $1,500,000 2017 $1,265,000 $2,400,000 $3,600,000 $8,025,444 $900,000 $1,700,000 2018 $1,328,000 $2,285,000 $3,625,000 $9,250,000 $887,450 $1,440,000 2019 $1,270,000 $2,400,000 $3,270,000 $6,500,000 $864,875 $1,495,000 2020 $1,312,500 $2,390,000 $3,575,000 $6,400,000 $862,500 $1,685,000 2021 $1,300,000 $2,467,500 $3,800,000 $7,625,000 $880,000 $1,620,000 2022 YTD $1,292,500 $2,200,000 $3,700,00 $7,900,000 $889,500 $1,500,000

Months Supply of Inventory

2016 11.8 19.1 18.3 17.2 14.6 16.2 2017 12.9 15.8 19.5 19.9 14.2 21.4 2018 13.8 16.4 16.5 21.7 14.4 24.9 2019 12.3 16.5 19.3 24.9 13.6 25.8 2020 10.4 13.5 14.8 20.4 11.8 23.4 2021 5.4 7.5 8.8 14.2 7.3 14.2 2022 YTD 4.5 11.5 17.5 51.0 3.8 6.4

MAUI Sales Activity

Kauai Hawaii

2022 December

$6,000,000+

$5,400,000 - $5,999,999

$4,900,000 - $5,399,999

$4,400,000 - $4,899,999

$3,900,000 - $4,399,999

$3,400,000 - $3,899,999

$3,000,000 - $3,399,999

$2,600,000 - $2,999,999

$2,200,000 - $2,599,999

$1,800,000 - $2,199,999

$1,600,000 - $1,799,999

$1,500,000 - $1,599,999

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

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

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

12 4 1 0 4 1 2 8 4 4 5 2 3 2 2 0 0 1 0 0 0 1 0 1 1 4 0 0 0 0
Beds3 -RangePrice -Median SoldDOM -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0-1 Bedrooms NA NA NA 0 2 0% 2 Bedrooms $1,702,778 221 2 2 5 40% 3 Bedrooms $2,595,000 11 3 5 17 29% 4 Bedrooms $1,730,000 133 3 1 21 5% 5 Bedrooms NA NA NA 0 6 0% 6+ Bedrooms NA NA NA 0 2 0% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. KAUAI Single-Family Homes Inventory Sales Luxury Inventory vs. Sales | November 2022 Luxury Benchmark Price 1: $1,200,000 Balanced Market 54 Total Inventory: 8 Total Sales: 15% Total Sales Ratio2:
Median Data Review | November 47 57 44 32 28 37 41 42 47 45 51 25 54 19 22 15 17 14 19 13 15 7 6 7 5 8 $1,789,000 $2,312,500 $1,735,000 $2,000,000 $2,374,000 $1,995,000 $2,272,000 $2,100,000 $2,812,000 $2,850,000 $2,100,000 $1,800,000 $1,812,500 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Kauai single-family luxury market is a Balanced Market with a 15% Sales Ratio • Homes sold for a median of 96.76% of list price in November 2022. • The most active price band is $4,900,000-$5,399,999, where the sales ratio is 100%. • The median luxury sales price for single-family homes is $1,812,500 • The median days on market for November 2022 was 36 days, up from 17 in November 2021. Kauai Market Summary | November 2022 VARIANCE: 15 % 47 54 Nov. 2021 Nov. 2022 Total Inventory VARIANCE: - 58 % 19 8 Total Solds VARIANCE: 1 % $1.79m $1.81m Sales Price VARIANCE: 112 % 17 36 Days on Market VARIANCE: 1 % 96.21% 96.76% Sale to List Price Ratio VARIANCE: 7 % $1,127 $1,205 Sale Price Per SqFt. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 13-Month Luxury Market Trend4 Solds Median Sales Price Inventory KAUAI Single-Family Homes

$3,500,000+

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

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

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

$1,900,000 - $1,999,999

$1,800,000 - $1,899,999

$1,700,000 - $1,799,999

$1,600,000 - $1,699,999

$1,500,000 - $1,599,999

$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

5 5 3 5 1 1 2 2 5 3 6 6 3 2 2 1 0 0 1 0 1 0 0 0 0 0 3 0 0 3
Beds3 -RangePrice -Median SoldDOM -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0-1 Bedrooms NA NA NA 0 3 0% 2 Bedrooms $1,212,500 17 2 4 20 20% 3 Bedrooms $1,407,500 9 3 4 20 20% 4 Bedrooms $3,800,000 178 5 1 6 17% 5 Bedrooms NA NA NA 0 2 0% 6+ Bedrooms NA NA NA 0 0 NA 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. Luxury Benchmark Price 1: $950,000 Attached Homes Inventory Sales KAUAI Attached Homes Luxury Inventory vs. Sales | November 2022 Balanced Market 51 Total Inventory: 9 Total Sales: 18% Total Sales Ratio2:
$950,000 - $999,999
34 31 28 31 27 28 35 35 40 42 44 20 51 19 22 5 22 15 16 17 15 14 15 11 4 9 $1,375,000 $1,420,516 $1,200,000 $1,438,679 $1,225,000 $1,277,500 $1,354,500 $1,252,500 $1,322,500 $1,560,000 $1,289,000 $1,240,000 $1,225,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 50 % 34 51 VARIANCE: - 53 % 19 9 VARIANCE: - 11 % $1.38m $1.23m Sales Prices VARIANCE: - 21 % 14 11 Days on Market VARIANCE: 1 % 97.59% 98.94% Sale to List Price Ratio VARIANCE: - 8 % $1,124 $1,030 Sale Price Per SqFt. Kauai Market Summary | November 2022 • The Kauai attached luxury market is a Balanced Market with an 18% Sales Ratio • Homes sold for a median of 98.94% of list price in November 2022. • The most active price band is $950,000-$999,999, where the sales ratio is 150%. • The median luxury sales price for attached homes is $1,225,000 • The median days on market for November 2022 was 11 days, down from 14 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Median Data Review | November Total Inventory Total Solds Solds Sale Price Inventory 13-Month Luxury Market Trend4 KAUAI Attached Homes

Single-Family Attached

Metric Year $1-2 Million $2-3 Million $3-5 Million $5 Million+ $800K$1 Million $1 Million+

Closed Sales

2016 52 14 5 7 17 39 2017 61 13 6 3 34 40 2018 66 17 7 17 51 55 2019 57 15 10 4 68 51 2020 85 17 11 12 59 41 2021 140 59 30 31 103 175 2022 YTD 111 42 31 22 54 107

Median Sales Price (in millions)

2016 $1,271,695 $2,387,500 $3,300,000 $11,400,000 $900,000 $1,350,000 2017 $1,285,000 $2,450,000 $3,800,000 $11,000,000 $868,758 $1,250,000 2018 $1,262,500 $2,500,000 $3,700,000 $8,702,400 $864,988 $1,500,000 2019 $1,395,000 $2,550,000 $3,650,000 $5,900,000 $897,129 $1,380,000 2020 $1,300,000 $2,300,000 $3,820,000 $7,700,000 $857,000 $1,350,000 2021 $1,471,500 $2,450,000 $3,500,000 $8,500,000 $895,000 $1,395,000 2022 YTD $ 1,388,5000 $2,283,500 $3,500,000 $7,350,000 $900,00 $1,372,500

Months Supply of Inventory

2016 15.6 21.3 20.6 26.2 18.5 20.0 2017 12.6 19.9 24.8 23.9 10.5 16.0 2018 11.6 18.0 23.9 21.9 9.9 16.5 2019 10.7 16.1 16.5 21.6 9.0 17.2 2020 7.0 13.4 12.7 19.5 7.4 13.2 2021 4.8 9.3 6.7 12.4 4.9 6.6 2022 YTD 5.2 16.0 6.0 16.0 0.5 5.8

KAUAI Sales Activity

Luxury

IS IN EACH DETAIL

HUBERT DE GIVENCHY

.

North American Luxury Review

Taking the Long View

Markets Continue to Cool

The most notable trends in the current market are the continued decline in the volume of sales and inventory levels as well as the number of new listings entering the market. To some degree, this is not unexpected as we head towards the quieter real estate months of winter, but these numbers are still reflective of a cooling market. Of equal notability is the large disparity between the median list price of properties still on the market compared to the median sold price for recent sales. This is true in both the single-family and attached property markets as the disconnect between seller and buyer expectations continues.

While this disconnect is hindering sales in the market for homes that have been on the market for a long time without a price reduction, for homes price correctly there seems to be little downward pressure, especially as the average days on market remains in the 20s, rather than in the 50-60s typically seen in pre-pandemic times.

More of a Lull Than a Crash

Despite the decline in the number of transactions over the last few months, there are no critical signs of distress in the luxury market. Low inventory levels are containing the ability for buyers to low-ball, home values continue to remain fairly stable, and many homeowners still retain their low interest rates, they so are not yet feeling the strain of additional mortgage costs.

Purchases during the pandemic were made to fulfill the need for a refuge and space and although these might not be the top priority in the current market, homes were mostly bought with long-term ownership in mind. While priorities may have shifted, the ownership mindset has not. The affluent are content to look beyond the short-term turbulence and focus on the future opportunity, whether that is one or even ten years away – hence the reason we see such a low percentage of “highly motivated to luxury sellers” in today’s market.

Although we have seen prices fall modestly during the last four to five months, prices remain at near record levels across North America, and it is unlikely that a significant decline in home prices will happen unless there is a drastic change either in the economy, through recession, or a huge increase of new inventory.

Revaluating Expectations

All markets tend to be cyclical, so it was not unexpected to see the return of more moderate conditions earlier this year. The major difference was how swiftly this change occurred, as the impact of a weakening economy took its toll on the luxury market.

Buyers and sellers must now simply start to reevaluate their expectations in this cooling market. The rush is over, as is the likelihood of fast investment returns and unfettered selling and buying of luxury homes. The cost of borrowing money will likely remain at higher rates for some time, so homes will need to be purchased with a long-term view in mind.

That being said, the last few years have left their legacy for the luxury market. While it might only represent a small percentage of the overall real estate market, luxury homeownership’s influence is growing. Not only has the purchase of homes valued over $1 million (a figure considered by the National Association of Realtors to be a benchmark for luxury) tripled from 2.6% to 6.5% since 2018, but demand for multiple luxury properties has soared over the last two years.

This phenomenal increase has been driven by a growing affluent demographic who considerowning a luxury property a necessity in their asset portfolio. All indications are that this trend is here to stay, albeit that demand is set to return to a more sustainable level.

Investment Returns Will Slow

Return on real estate purchases over the last two years has been incredibly robust, driven by strong demand, cheap debt, and government stimulus spending. According to a recent report by PriceWaterHouseCoopers

(PWC), the total return on real estate soared over 20 percent in the four quarters through to mid-2022, which is three times the 20-year average.

However, PWC expects these returns to slow to 3.8% in 2023, with a moderate recovery to 7% in 2024, primarily due to higher interest rates and the cost of capital borrowing. They also remind us that the last ten years of lowinterest rates are, in fact, not the historical norm and that these current higher rates will result in more moderate returns once more.

Uncertainty Continues to Fuel Hesitancy

The biggest challenge for both sellers and buyers is the uncertainty on where prices will settle; should they sell now when the market is less favorable or wait to see if the market improves in 2023? Buyers are equally concerned, not wanting to pay current prices if they believe that values will trend down.

This hesitancy on both sides will continue until the economy stabilizes and those looking to sell and buy become confident that inflation has been tamed and interest rates will stop climbing. With buyers and sellers both playing the long game, it is unlikely that we will see a significant uptick in the volume of homes for sale this winter, and certainly, we will not see the velocity of sales experienced last November 2021 to March 2022.

Moving to More Affordable Markets

To counter the lack of opportunity to purchase a luxury property in their own locale, there is a trend, mainly driven by the younger demographic who can work from anywhere, to move to a new market. This trend is not new; we saw it during the pandemic with many buyers moving to ‘Zoom towns’ and lower-priced emerging markets.

In today’s market, there are still opportunities for those looking for more affordable luxury homes to move to communities such as these, for two reasons. Firstly, construction has boomed in many of these markets opening up new inventory, and secondly, because of the previous meteoric rises in values, properties still on the market are now considered overpriced. This has created a comparatively higher rate of inventory, resulting in an increasing number of price reductions.

Climate Impacts Choices

Another factor influencing decisions in the luxury real estate market is the importance of finding locations that are not negatively affected by climate change.

The impact is not simply the extreme risk of fire, flood, hurricanes, tornadoes, or droughts but the resulting effects such as higher energy bills, risk of power outages, increased insurance, and damage to local infrastructure and amenities.

A recent study by Forbes Home found that almost a third of their respondents cited their reason to move was due to climate change, and another third cited “looking for better weather” for their move in the next two years.

Similar to the increased movement to more affordable markets, this emerging priority is driven by the younger generation aged under 41 years old.

Future Expectations

As we head towards a new year, while we expect the luxury real estate market to remain softer than last year, it is important to remember that we are simply returning to a more normalized market. Expect properties to stay on the market longer, prices not to drop significantly, and the affluent to make decisions based on long-term investment.

We highly recommend working with a luxury property specialist during this unconventional market to ascertain what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach; understanding the realities and setting expectations accordingly will ensure that goals are achieved.

15 17 18 13 9 8 8 9 12 18 22 22 25 15 16 17 11 8 8 9 9 13 18 21 23 28 0 5 10 15 20 25 30 NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV $ 4 95 $ 5 2 0 $ 5 01 $ 5 18 $ 5 29 $ 5 22 $ 5 3 7 $ 5 44 $ 5 35 $ 5 2 1 $ 5 25 $ 5 13 $ 5 1 9 $ 3 89 $ 4 1 4 $ 4 01 $ 4 08 $ 4 14 $ 4 39 $ 4 3 6 $ 4 2 2 $ 4 28 $ 4 1 7 $ 4 2 6 $ 4 2 5 $ 4 1 5 $0 $100 $200 $300 $400 $500 $600 NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV $500,000 $700,000 $900,000 $1 100,000 $1,300,000 $1,500,000 $1,700,000 $1,900,000 NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV Discrepancies
month statistics
the
2022 and November 2022 reports are due to the addition of Bergen County, NJ, Hudson County, NJ, and
SC. All data is based off median values. Median prices represent properties priced above respective city benchmark prices. 13-Month Market Trends For the Luxury North American Market Single-Family Homes Attached Homes Single-Family List Price Attached List Price Days on Market Sales Price vs. List Price Price per Square Foot
in previous
between
October
The Grand Strand,

Median List Price $1,650,000 $1,600,000 Median Sale Price $1,302,500 $1,280,000

Median SP/LP Ratio 100.00% 97.95%

Total Sales Ratio 59.97% 21.89%

Median Price per Sq. Ft. $389 $415

Total Inventory 27,172 51,713 New Listings 7,687 12,145 Total Sold 16,296 11,320 Median Days on Market 15 25 Average Home Size 3,438 3,247 Median prices represent properties priced above respective city benchmark prices.

• Official Market Type: Seller's Market with a 21.89% Sales Ratio.1

• Homes are selling for an average of 97.95% of list price

• The median luxury threshold2 price is $937,500, and the median luxury home sales price is $1,280,000.

• Markets with the Highest Median Sales Price: Vail ($7,800,000), Whistler ($5,825,000), Telluride ($4,250,000), and Los Angeles Beach Cities ($3,800,000).

• Markets with the Highest Sales Ratio: Cleveland Suburbs (88%), East Bay (74%), St. Louis (55%), and Howard County (51%).

1Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2The luxury threshold price is set by The Institute for Luxury Home Marketing.

Single-Family Homes Market Summary | November 2022
November 2022 November 2021 November 2022 November 2021  New Listings Total Sold Days on Market Sales Ratio Med. Sale Price 4,458 4,976 $22,500 10 38.08%     A Review of Key Market Differences Year over Year November 2021 | November 2022 Luxury Monthly Market Review Single-Family Homes

Median SP/LP Ratio 100.00% 98.33% Total Sales Ratio 50.56% 19.36% Median Price per Sq. Ft. $495 $519

Total Inventory 10,447 16,493 New Listings 3,384 4,419 Total Sold 5,282 3,193 Median Days on Market 15 28 Average Home Size 1,920 1,859

   New Listings Total Sold Sales Ratio Med. Sale Price 1,035 2,089 31.20% Attached Homes Market Summary | November 2022
Official Market Type: Balanced Market with a 19.36% Sales Ratio 1
Attached
selling for
average of
of list price
homes are
an
98.33%
• The median luxury threshold2 price is $700,000, and the median attached luxury sale price is $891,500 • Markets with the Highest Median Sales Price: Vail ($3,075,000), Whistler ($2,525,000), San Francisco ($2,500,000), and Naples ($2,225,000). • Markets with the Highest Sales Ratio: Howard County (118%), Cincinnati (100%), Montgomery County (75%), and South Shore (67%). 1Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2The luxury threshold price is set by The Institute for Luxury Home Marketing.
Median List Price $1,037,500 $950,000 Median Sale Price $834,000 $891,500
Median prices represent properties priced above respective city benchmark prices. Days on Market 13   $57,500 November 2022 November 2021 November 2022 November 2021
Review of Key Market
Year
Year November 2021 | November 2022 Luxury Monthly Market Review Attached Homes
A
Differences
over

Luxury Monthly Market Review

Single-Family Homes

State Market Name

Median

List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

AB Calgary $1,099,900 $950,000 441 154 115 38 Seller's

AZ Chandler and Gilbert $1,025,000 $975,000 217 44 49 47 Seller's

AZ Flagstaff $1,500,000 $1,250,000 71 13 7 122 Buyer's

AZ Mesa $849,995 $803,075 221 47 42 48 Balanced

AZ Paradise Valley $5,412,000 $3,699,800 146 23 12 49 Buyer's

AZ Phoenix $849,900 $775,000 837 179 181 64 Seller's

AZ Scottsdale $1,895,000 $1,625,000 760 154 129 46 Balanced

AZ Tucson $691,318 $670,000 924 219 178 16 Balanced

BC Mid Vancouver Island $1,662,500 $1,412,000 160 49 29 49 Balanced

BC Okanagan Valley $1,790,000 $1,575,000 744 124 39 42 Buyer's

BC Vancouver $4,299,000 $3,299,000 989 192 39 24 Buyer's

BC Victoria $2,385,000 $2,250,000 128 43 13 43 Buyer's

BC Whistler $4,950,500 $5,825,000 49 5 2 61 Buyer's

CA Central Coast $2,780,000 $2,335,000 230 55 41 30 Balanced

CA East Bay $2,198,900 $1,899,000 408 127 301 14 Seller's

CA Greater Palm Springs $1,895,000 $1,799,500 428 149 45 23 Buyer's

CA Lake Tahoe $2,995,000 $1,800,000 150 26 33 73 Seller's

CA Los Angeles Beach Cities $6,399,995 $3,800,000 319 74 59 30 Balanced

CA Los Angeles City $5,224,500 $3,607,000 692 180 123 25 Balanced

CA Los Angeles The Valley $2,500,000 $2,200,000 536 175 113 19 Seller's

CA Marin County $4,600,000 $3,497,500 71 3 36 29 Seller's

CA Napa County $3,500,000 $2,280,469 101 9 14 68 Buyer's

CA Orange County $2,649,000 $2,240,000 957 224 211 29 Seller's

CA Placer County $1,139,900 $1,066,245 249 63 52 23 Balanced

CA Sacramento $975,871 $879,990 583 152 187 21 Seller's

CA San Diego $2,200,000 $1,797,500 839 254 232 20 Seller's

CA San Francisco $3,995,000 $3,300,000 100 20 45 22 Seller's

CA San Luis Obispo County $1,875,000 $1,500,000 172 32 47 38 Seller's

CA Santa Barbara $5,122,500 $3,461,250 110 31 24 26 Seller's

CA Silicon Valley $4,249,500 $3,254,350 432 121 181 13 Seller's

CA Sonoma County $2,400,000 $1,781,500 163 25 46 49 Seller's

CA Ventura County $2,134,495 $1,812,500 232 62 58 33 Seller's

CO Boulder $2,350,000 $1,760,000 175 38 37 48 Seller's

CO Colorado Springs $924,900 $885,000 378 65 91 39 Seller's

CO Denver $1,600,000 $1,350,000 519 124 198 16 Seller's

CO Douglas County $1,362,500 $1,221,111 274 58 94 29 Seller's

CO Durango $1,492,500 $1,175,000 84 3 20 106 Seller's

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review Single-Family Homes

State Market Name

CO Summit County

Median List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

$3,345,000 $2,437,500 69 9 12 57 Balanced

CO Telluride $5,450,000 $4,250,000 69 3 8 172 Buyer's

CO Vail $5,399,500 $7,800,000 78 10 6 46 Buyer's

CT Central Conneticut $691,000 $651,788 350 49 113 13 Seller's

CT Coastal Conneticut $2,382,000 $1,750,000 494 77 148 34 Seller's

DC Washington D.C. $4,495,000 $3,650,000 43 11 15 19 Seller's

DE Sussex County Coastal $1,437,500 $1,165,680 148 30 50 4 Seller's

FL Boca Raton/Delray Beach $2,714,998 $1,961,875 484 110 52 32 Buyer's

FL Coastal Pinellas County $2,300,000 $2,507,000 115 29 7 41 Buyer's

FL Greater Fort Lauderdale $1,348,000 $1,060,000 1645 376 191 33 Buyer's

FL Jacksonville Beaches $1,375,000 $1,275,000 310 65 55 34 Balanced

FL Lee County $1,359,181 $1,424,363 507 165 65 31 Buyer's

FL Marco Island $2,750,000 $2,227,600 125 38 10 59 Buyer's

FL Miami $2,200,000 $1,280,000 1009 227 86 58 Buyer's

FL Naples $5,137,000 $3,000,000 335 88 31 37 Buyer's

FL Orlando $1,225,000 $1,075,000 665 135 129 28 Balanced

FL Sarasota & Beaches $1,800,000 $1,650,000 135 40 20 6 Buyer's

FL South Pinellas County $1,618,000 $1,199,000 295 67 25 25 Buyer's

FL South Walton $2,395,000 $2,190,000 389 55 37 25 Buyer's

FL Space Coast $850,000 $755,000 331 74 59 24 Balanced

FL Tampa $749,000 $683,937 1291 315 288 22 Seller's

FL Palm Beach Towns $3,583,200 $2,995,000 300 68 13 57 Buyer's

FL Weston $1,150,000 $1,000,000 130 34 25 30 Balanced

GA Atlanta $1,550,000 $1,207,000 674 162 126 15 Balanced

GA Duluth $1,687,500 $1,135,000 22 2 2 11 Buyer's

HI Island of Hawaii $1,982,500 $2,325,000 120 21 20 43 Balanced

HI Kauai $2,912,500 $1,812,500 54 11 8 36 Buyer's

HI Maui $3,375,000 $1,810,000 136 30 15 94 Buyer's

HI Oahu $2,950,000 $2,343,750 223 53 36 17 Balanced

ID Ada County $789,839 $775,000 760 192 207 31 Seller's

ID Northern Idaho $1,665,000 $1,350,700 329 41 48 104 Buyer's

IL Chicago

$1,499,450 $1,299,500 582 149 192 22 Seller's

IL DuPage County $1,148,000 $1,025,000 265 53 63 26 Seller's

IL Lake County $1,149,900 $937,500 235 61 86 24 Seller's

IL Will County $649,000 $617,500 211 61 77 14 Seller's

IN Hamilton County $838,748 $727,614 170 66 83 6 Seller's

KS Johnson County $829,353 $823,141 423 46 130 6 Seller's

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review

Single-Family Homes

State Market Name

MA Cape Cod

Median List Price Median Sold Price Inventory

New Listings Sold Days on Market Market Status

$2,489,998 $2,000,000 138 34 24 45 Balanced

MA Greater Boston $2,999,950 $2,852,500 118 36 36 21 Seller's

MA South Shore $1,724,500 $1,375,000 52 14 19 28 Seller's

MD Anne Arundel County $950,000 $910,000 175 45 61 13 Seller's

MD Frederick County $875,000 $937,450 61 11 27 1 Seller's

MD Howard County $958,000 $974,283 39 6 20 4 Seller's

MD Montgomery County $1,889,000 $1,650,000 167 43 79 7 Seller's

MD Talbot County $1,999,900 $1,600,000 27 1 5 47 Balanced

MD Worcester County $995,000 $799,000 49 9 13 21 Seller's

MI Livingston County $737,000 $749,078 79 17 20 23 Seller's

MI Monroe County $612,900 $600,000 18 4 7 17 Seller's

MI Oakland County $749,995 $633,350 835 220 216 18 Seller's

MI Washtenaw County $898,500 $800,000 143 18 45 9 Seller's

MI Wayne County $699,900 $650,000 202 53 57 20 Seller's

MN Olmsted County $794,450 $723,506 74 9 10 59 Buyer's

MN Twin Cities $1,199,900 $1,007,500 617 111 154 24 Seller's

MO Kansas City $672,345 $685,000 1373 202 325 8 Seller's

MO St. Louis $819,900 $649,000 111 31 61 8 Seller's

NC Asheville $1,100,000 $849,000 241 43 49 12 Balanced

NC Charlotte $1,077,000 $949,900 614 154 219 11 Seller's

NC Lake Norman $1,149,000 $986,000 204 37 67 14 Seller's

NC Raleigh-Durham $1,100,000 $960,489 513 101 175 4 Seller's

NJ Bergen County $2,295,000 $1,742,400 275 62 51 29 Balanced

NJ Hudson County $1,599,999 $1,997,500 21 6 4 73 Balanced

NJ Ocean County $909,950 $856,500 476 119 128 22 Seller's

NM Taos $1,200,000 $952,500 61 4 8 53 Buyer's

NV Lake Tahoe $3,947,000 $2,170,000 118 11 2 150 Buyer's

NV Las Vegas $1,700,000 $1,347,500 751 147 62 33 Buyer's

NV Reno $1,999,450 $1,827,500 124 15 22 63 Balanced

NY Finger Lakes $1,875,000 $1,425,000 38 7 8 26 Seller's

NY Nassau County

$1,796,500 $1,500,000 696 132 119 51 Balanced

NY Staten Island $1,279,900 $1,250,000 169 32 19 50 Buyer's

NY Suffolk County $1,899,000 $1,250,000 830 111 151 51 Balanced

OH Cincinnati $850,000 $700,000 224 31 49 5 Seller's

OH Cleveland Suburbs $794,450 $575,000 26 7 23 18 Seller's

ON GTA - Durham $1,850,000 $1,595,000 185 91 33 20 Balanced

Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review Single-Family Homes

Median

State Market Name

ON GTA - York

$2,550,000 $1,962,500 441 212 126 16 Seller's

ON Hamilton $1,869,000 $1,750,000 194 69 16 47 Buyer's

ON Mississauga $2,999,900 $2,450,000 109 58 21 15 Balanced

ON Oakville $2,650,000 $2,300,000 121 58 23 21 Balanced

ON Toronto $3,899,000 $3,259,000 391 170 64 15 Balanced

ON Waterloo Region $1,449,900 $1,275,000 121 64 39 14 Seller's

OR Portland $1,350,000 $1,116,500 582 105 141 18 Seller's

QC Montreal $1,975,000 $2,100,000 793 135 25 76 Buyer's

SC Hilton Head $2,050,000 $1,527,500 243 49 52 21 Seller's

SC The Grand Strand $887,000 $840,000 407 79 65 107 Balanced

TN Greater Chattanooga $990,000 $880,000 195 31 23 22 Buyer's

TN Nashville $1,725,000 $1,350,000 699 184 177 11 Seller's

TX Austin $1,100,000 $999,555 1018 215 175 35 Balanced

TX Collin County $747,900 $702,500 1389 386 344 28 Seller's

TX Dallas $1,350,000 $1,054,500 438 139 136 18 Seller's

TX Denton County $749,945 $727,708 1024 276 266 22 Seller's

TX El Paso $624,950 $597,000 170 34 31 32 Balanced

TX Fort Worth $849,450 $769,500 912 236 262 27 Seller's

TX Greater Tyler $749,000 $654,000 202 51 29 21 Buyer's

TX Houston $959,000 $934,500 1163 336 210 18 Balanced

TX Lubbock $625,000 $592,500 117 28 28 62 Seller's

TX San Angelo $680,000 $655,000 69 13 9 63 Buyer's

TX San Antonio $799,900 $734,000 634 149 105 41 Balanced

TX The Woodlands & Spring $807,500 $778,300 210 71 61 15 Seller's

UT Park City $4,972,500 $2,998,385 170 22 26 37 Balanced

UT Salt Lake City $1,150,000 $1,080,000 454 99 105 38 Seller's

VA Arlington & Alexandria $2,151,500 $1,800,000 98 25 13 17 Buyer's

VA Charlottesville $1,397,000 $1,056,600 130 26 28 6 Seller's

VA Fairfax County $2,081,316 $1,408,363 310 87 94 6 Seller's

VA McLean & Vienna $2,700,000 $2,012,315 149 32 26 6 Balanced

VA Richmond $799,900 $779,142 323 79 133 7 Seller's

VA Smith Mountain Lake $1,437,450 $1,275,000 20 5 6 4 Seller's

WA King County - Greater Seattle $1,939,000 $1,612,500 871 227 311 13 Seller's

WA Seattle $1,950,000 $1,595,000 204 62 85 11 Seller's

WA Spokane $1,189,000 $925,000 88 20 36 17 Seller's Median

List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status
prices represent properties priced above respective
benchmark prices. Prices shown for
cites are
in
city
Canadian
shown
Canadian Dollars.

Luxury Monthly Market Review

Attached Homes

State Market Name

Median List Price Median Sold Price Inventory

New Listings Sold Days on Market Market Status

AB Calgary $819,040 $680,000 107 20 21 68 Balanced

AZ Chandler and Gilbert - - - - - - -

AZ Flagstaff - - - - - - -

AZ Mesa - - - - - - -

AZ Paradise Valley - - - - - - -

AZ Phoenix - - - - - - -

AZ Scottsdale $899,000 $813,750 214 44 46 34 Seller's

AZ Tucson - - - - - - -

BC Mid Vancouver Island $850,000 $821,500 53 16 12 30 Seller's

BC Okanagan Valley - - - - - - -

BC Vancouver $1,998,000 $1,790,000 1062 282 51 21 Buyer's

BC Victoria $967,000 $891,500 140 52 35 31 Seller's

BC Whistler $2,566,500 $2,525,000 32 6 2 119 Buyer's

CA Central Coast $1,200,000 $1,063,750 29 10 13 12 Seller's

CA East Bay $1,144,000 $1,110,500 134 55 76 15 Seller's

CA Greater Palm Springs - - - - - - -

CA Lake Tahoe $1,875,000 $965,000 23 4 1 44 Buyer's

CA Los Angeles Beach Cities $1,792,000 $1,625,000 152 43 55 17 Seller's

CA Los Angeles City $1,750,000 $1,475,000 376 96 47 17 Buyer's

CA Los Angeles The Valley $799,000 $795,000 138 51 60 21 Seller's

CA Marin County $1,170,000 $1,056,495 30 6 8 29 Seller's

CA Napa County - - - - - - -

CA Orange County $1,199,000 $1,127,500 371 120 136 19 Seller's CA Placer County - - - - - - -

CA Sacramento - - - - - - -

CA San Diego $1,172,000 $1,015,000 294 105 95 16 Seller's

CA San Francisco $2,695,000 $2,500,000 110 9 17 40 Balanced

CA San Luis Obispo County - - - - - - -

CA Santa Barbara

$1,597,000 $1,550,000 16 8 10 7 Seller's

CA Silicon Valley $1,697,495 $1,625,000 118 48 45 16 Seller's

CA Sonoma County $888,000 $917,000 15 2 4 67 Seller's

CA Ventura County $750,000 $754,834 98 24 38 30 Seller's

CO Boulder $954,590 $785,655 55 11 24 53 Seller's

CO Colorado Springs $632,500 $524,600 48 5 9 6 Balanced

CO Denver $937,000 $790,000 150 35 28 21 Balanced

CO Douglas County $629,000 $590,643 15 4 6 46 Seller's

CO Durango $793,905 $912,500 23 2 2 92 Buyer's

Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review Attached Homes

State Market Name

Median List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

CO Summit County $1,500,000 $1,100,000 32 7 5 68 Balanced

CO Telluride - - - - - - -

CO Vail $3,895,000 $3,075,000 71 7 7 44 Buyer's

CT Central Conneticut - - - - - - -

CT Coastal Conneticut $1,405,000 $713,390 155 16 43 40 Seller's

DC Washington D.C. $1,950,000 $1,545,000 223 59 52 13 Seller's

DE Sussex County Coastal $950,000 $825,000 23 4 4 63 Balanced

FL Boca Raton/Delray Beach $950,000 $684,500 312 82 55 31 Balanced

FL Coastal Pinellas County $1,262,500 $1,000,000 118 35 19 13 Balanced

FL Greater Fort Lauderdale $835,000 $730,000 1053 226 97 48 Buyer's

FL Jacksonville Beaches $1,195,000 $835,000 41 9 3 8 Buyer's

FL Lee County $849,999 $760,000 247 76 41 9 Balanced

FL Marco Island $1,695,000 $1,387,500 35 8 8 40 Seller's

FL Miami $1,449,900 $1,205,000 1419 259 102 82 Buyer's

FL Naples $2,175,000 $2,225,000 158 41 31 61 Balanced

FL Orlando $564,500 $557,000 222 69 44 17 Balanced

FL Sarasota & Beaches $1,695,000 $1,350,000 155 51 25 6 Balanced

FL South Pinellas County $1,050,000 $925,000 208 57 38 25 Balanced

FL South Walton $1,567,800 $1,125,000 220 27 19 57 Buyer's

FL Space Coast $720,450 $697,000 150 39 24 21 Balanced

FL Tampa $879,900 $1,326,735 195 84 78 0 Seller's

FL Palm Beach Towns $1,997,000 $1,537,500 284 77 24 65 Buyer's

FL Weston - - - - - - -

GA Atlanta $714,900 $679,850 503 118 94 29 Balanced

GA Duluth - - - - - - -

HI Island of Hawaii

$1,900,000 $1,217,000 51 13 13 38 Seller's

HI Kauai $1,555,000 $1,225,000 51 14 9 11 Balanced

HI Maui $2,172,500 $1,595,000 78 24 25 82 Seller's

HI Oahu $1,190,000 $937,500 459 102 60 30 Buyer's

ID Ada County $647,444 $612,450 68 18 10 49 Buyer's

ID Northern Idaho - - - - - - -

IL Chicago

$1,199,000 $965,000 774 169 112 35 Buyer's

IL DuPage County $937,000 $684,500 16 5 6 15 Seller's

IL Lake County - - - - - - -

IL Will County - - - - - - -

IN Hamilton County - - - - - - -

KS Johnson County $594,995 $672,876 132 31 31 9 Seller's

Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

Luxury Monthly Market Review Attached Homes

Median

State Market Name

MA Cape Cod $799,500 $1,186,000 26 5 10 20 Seller's

MA Greater Boston $2,450,000 $2,087,500 327 65 44 35 Buyer's

MA South Shore $867,000 $796,750 18 7 12 21 Seller's

MD Anne Arundel County $569,990 $560,000 53 16 29 8 Seller's

MD Frederick County - - - - - - -

MD Howard County $589,995 $582,500 22 10 26 9 Seller's

MD Montgomery County $795,000 $799,995 85 36 64 22 Seller's

MD Talbot County - - - - - - -

MD Worcester County $719,000 $585,000 67 14 25 8 Seller's

MI Livingston County - - - - - - -

MI Monroe County - - - - - - -

MI Oakland County $653,920 $643,500 59 10 21 9 Seller's MI Washtenaw County $615,000 $612,500 45 8 16 58 Seller's

MI Wayne County $658,780 $607,535 74 16 9 7 Buyer's

MN Olmsted County - - - - - - -

MN Twin Cities - - - - - - -

MO Kansas City - - - - - - -

MO St. Louis - - - - - - -

NC Asheville $749,000 $924,933 41 8 10 44 Seller's

NC Charlotte $637,511 $599,400 198 43 58 20 Seller's

NC Lake Norman $589,000 $598,000 27 5 7 9 Seller's NC Raleigh-Durham - - - - - - -

NJ Bergen County

$1,200,000 $1,118,000 139 32 24 81 Balanced

NJ Hudson County $1,475,000 $1,220,000 105 35 35 21 Seller's

NJ Ocean County $744,950 $618,450 22 6 4 28 Balanced

NM Taos - - - - - - -

NV Lake Tahoe $1,295,000 $1,241,450 25 1 2 176 Buyer's

NV Las Vegas - - - - - - -

NV Reno - - - - - - -

NY Finger Lakes - - - - - - -

NY Nassau County

$1,597,000 $1,100,000 68 13 25 46 Seller's

NY Staten Island $619,900 $638,000 125 28 21 50 Balanced

NY Suffolk County $750,000 $605,500 155 32 44 36 Seller's

OH Cincinnati $757,000 $666,250 10 1 10 75 Seller's

OH Cleveland Suburbs - - - - - - -

ON GTA - Durham $895,000 $849,000 21 14 7 13 Seller's

Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

Luxury Monthly Market Review Attached Homes

Median

State Market Name

ON GTA - York

$788,000 $795,000 251 147 63 17 Seller's

ON Hamilton $862,500 $835,000 28 16 7 32 Seller's

ON Mississauga $999,500 $905,750 89 55 18 20 Balanced

ON Oakville $1,299,000 $1,315,000 41 11 7 23 Balanced

ON Toronto $1,278,000 $1,130,000 805 405 148 17 Balanced

ON Waterloo Region $785,995 $753,249 58 37 22 14 Seller's

OR Portland $749,900 $610,000 239 49 39 40 Balanced

QC Montreal $1,199,000 $1,325,000 103 17 6 56 Buyer's

SC Hilton Head $1,045,000 $905,000 43 5 10 46 Seller's

SC The Grand Strand $533,750 $489,805 186 52 44 72 Seller's

TN Greater Chattanooga - - - - - - -

TN Nashville $689,900 $600,000 121 29 29 19 Seller's

TX Austin $835,000 $750,000 263 73 29 30 Buyer's

TX Collin County - - - - - - -

TX Dallas $765,000 $650,000 145 41 23 28 Balanced

TX Denton County - - - - - - -

TX El Paso - - - - - - -

TX Fort Worth - - - - - - -

TX Greater Tyler - - - - - - -

TX Houston $620,000 $600,000 190 55 36 23 Balanced

TX Lubbock - - - - - - -

TX San Angelo - - - - - - -

TX San Antonio $987,000 $640,000 30 5 3 29 Buyer's

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

UT Park City

$2,100,000 $2,073,831 81 13 18 29 Seller's

UT Salt Lake City $562,500 $556,500 142 29 22 50 Balanced

VA Arlington & Alexandria $993,950 $995,000 110 31 37 14 Seller's

VA Charlottesville $787,400 $670,000 24 5 11 10 Seller's

VA Fairfax County $799,697 $699,995 184 69 112 14 Seller's

VA McLean & Vienna $1,225,000 $904,000 37 9 13 12 Seller's

VA Richmond - - - - - - -

VA Smith Mountain Lake - - - - - - -

WA King County - Greater Seattle

$1,149,500 $1,035,000 227 51 53 23 Seller's

WA Seattle $1,296,500 $1,165,000 128 25 20 28 Balanced

WA Spokane - - - - - - -

Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.

List Price Median Sold Price Inventory New Listings Sold Days on Market Market Status

OAHU | HAWAII ISLAND | MAUI | KAUAI

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