Luxury homes sales continued their record-breaking pace in July, as prices hit double-digit gains in 19 major markets, good 2018 Luxury Homes Index released today. Nineteen markets see double-digit luxury price growth the very first time since 2014. Additionally, how many sales at or higher the $1 million mark rose 13 percent over not too long ago.

The Index analyzes the entry-level luxury price tier, looked as the top five percent of most residential sales, in 91 U.S. counties.

The pace of sales while in the luxury segment is constantly break records. The combined median era of inventory inside the 91 luxury markets surveyed was 108 days, down eleven days or 9.3 percent year-over-year, moving faster than any July since started tracking the metric. Additionally, two-thirds of luxury financial markets are seeing inventory move faster than this past year.

In 49 of the 91 markets analyzed, the luxury tier currently carries with it an entry point for at least $1 million. The volume of sales at or over the $1 million mark during the 91 markets is up 12 % over in 2009.

“The strong economy is bolstering consideration in luxury homes,” said Danielle Hale, chief economist for “They are selling fast and consideration in these homes has pushed the basic level price point to above $1 million by 50 percent from the markets studied. Nevertheless, there are a couple of pockets of weaker performance, we have seen double-digit price rise in 19 markets in my ballet shoes in 4 years.”

Sarasota, Fla. remained the fastest-growing luxury market, with sale prices up 21.2 percent since last May. Half of all luxury homes in Sarasota sold within 157 days, 21 percent faster versus the previous year. Queens, N.Y.; Maui, Hawaii; Santa Clara, Calif.; and Boulder, Colo. rounded out your hourly caregivers, each visiting a yearly continuing development of 13 to 16 percent.

Northern California has seven in the top 20 fastest-growing luxury markets in the united states, on account of the booming tech sector effective foreign interest, which might be continuing to drive a car the need for luxury properties. Silicon valley markets of Santa Cruz, Calif.; San Mateo, Calif.; Santa Clara; Sonoma, Calif.; and Marin, Calif. have been growing in an accelerating pace, with entry-level luxury prices now up between 9 and 14 % year-over-year. This trend is in contrast to northern California’s mid-market price deceleration newest months.

In Colorado, Boulder, Douglas, and Denver counties all saw double-digit boost in May. Luxury homes in Boulder and Denver typically sell in just 95 days, putting them on the list of faster-selling luxury markets near your vicinity.

This rise is a second wind for Colorado’s luxury markets, which saw substantial boost 2015 and 2016 but stagnated was developed 2017. Prices were growing, and houses are selling quicker since then.

While luxury prices in most Ny and Nj markets have stalled, Queens, N.Y. and Jersey City (Hudson County, N.J.), go on to see price growth and high demand. In Queens, luxury sales prices have increased 15.8 percent since January 2017, additionally, the luxury feeder point is actually $1.3 million, accurate documentation to your borough. Jersey City presently has extra access point of $1.3 million, up 11.5 percent since last year. In places, however, price growth has stopped increasing, indicating they could be losing momentum.

Market (By County)

Luxury Sales Price

(Top 5%)

% Change Year-over- Year

Sarasota, Fla.



Queens, N.Y.



Maui, Hawaii



Santa Clara, Calif.



Boulder, Colo.



King, Wash.



Davidson, Tenn.



Santa Cruz, Calif.



San Mateo, Calif.



Snohomish, Wash.



Collier, Fla.



Hudson, N.J.



Williamson, Tenn.



Douglas, Colo.



Denver, Colo.



Clark, Nev.



Sonoma, Calif.



San Luis Obispo, Calif.



Sacramento, Calif.



Marin, Calif.



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