THE REPORT S TAT E O F L U X U R Y 2 0 19
PRESENTED BY
LUCIO BERNAL Coldwell Banker Residential Brokerage, Palm Springs
www.coldwellbankerluxury.com COLDWELL BANKER GLOBAL LUXURY - STATE OF LUXURY REPORT 2019 | 1
LUCIO BERNAL Broker Associate, CLHMS, CRS DRE# 01236217
Coldwell Banker Residential Brokerage, Palm Springs
310.383.2466
Lucio.Bernal@camoves.com www.BernalSmithGroup.com As luxury expert in Palm Springs, Lucio Bernal offers a wealth of knowledge and expertise that is unsurpassed; you can always trust his service and commitment. Lucio Bernal has served affluent clientele for over 20 years. He offers keen insight into executive and corporate relocation services, and understands and adapts to constant changes in the luxury market. His expertise is why his clients are excited to refer his services to their family, friends, and colleagues. He is a Broker Associate, Coldwell Banker Global Luxury Ambassador, a Luxury Property Specialist, an expert trainer with The Institute for Luxury Home Marketing, and served as President of the Palm Springs Regional Association of REALTORS® after having been named the association’s REALTOR® of the year in 2015. • Coldwell Banker Global Luxury Property Specialist • Coldwell Banker Global Luxury Ambassador • Certified Luxury Home Marketing Specialist – Million Dollar Guild • 2017 President of the Palm Springs Regional Association of REALTORS® • Certified Residential Specialist, Pricing Strategy Advisor
STATE OF LUXURY 2019
2 | COLDWELL BANKER GLOBAL LUXURY - STATE OF LUXURY REPORT 2019
A FE W W O R DS FR OM. . . I would like to welcome you to The Report: State of Luxury 2019, a full year of luxury in review. This report is one of the most valuable and buzzed about luxury real estate market resources in today’s market. Changing, Stabilizing, Transition, Diversity. These are a few of the words that are being used to describe the current status of real estate in the luxury market. The record breaking price increases of previous years were not a feature of 2018’s market trends. However, 2018 market trends do demonstrate why it is important to have a longer term perspective, recognize the new influences and appreciate how they will affect the choices and trends in the future. Included in this report is a recap of 2018 trends, a statistical review of certain markets across the US as well as detailed insights into our featured domestic markets that have seen some of the biggest influences of change. On the international side, we have included analyses on Canada and Mexico together with looking at new global markets that have attracted the attention of the affluent during 2018. As your luxury real estate professional it is my pleasure to share with you the comprehensive knowledge provided this powerful and all-encompassing report.
Realtor Signature
STATE OF LUXURY 2019
COLDWELL BANKER GLOBAL LUXURY - STATE OF LUXURY REPORT 2019 | 3
www.coldwellbankerluxury.com
LUCIO BERNAL & THE BERNAL SMITH GROUP 310.383.2466 | Lucio.Bernal@camoves.com | BernalSmithGroup.com 4 | COLDWELL BANKER GLOBAL LUXURY - STATE OF LUXURY REPORT 2019