Luxury Real Estate Report: Sept 2023 – Unlocking the Secrets of Luxury Real Estate Trends
Luxury Real Estate Report: Sept 2023 – Unlocking the Secrets of Luxury Real Estate Trends
This is a dated September 2023 report. Its figures describe that edition and provide questions for local research; they are not a current market forecast.
The report looks across the upper tier of U.S. markets and compares local observations with broader movement. Read each figure with its period, geography, and definition, then replace historical assumptions with current evidence before advising a client.
Luxury Real Estate Report: Cities that stand out
The report lists Jupiter Island, Florida, at an average property value of $16,922,209, compared with a Florida average of $1,978,170. It also highlights Manalapan, Florida, and Hunts Point, Washington. Those examples illustrate dispersion within a state; they do not establish a ranking or a prediction.
Luxury Real Estate Report: Surprising shifts
For the period covered, the report calls out a 19.69% increase in Alta, Wyoming; a 12.81% increase in Silver Bay, New York; and a 23.26% decline in Pescadero, California. A percentage alone does not explain a local market. Investigate inventory, transactions, timing, and the report’s definitions before drawing a cause.
Luxury Real Estate Report: A macro perspective
The report describes a decline in the overall luxury market between August 2022 and February 2023, followed by greater stability in later months of its series. Treat that movement as historical context. A current decision needs a current period and a clearly matched measure.
Luxury Real Estate Report: Outliers and opportunities
Outliers can prompt a useful question about a neighborhood or property type, but they need investigation. The report names markets such as Golden Beach, Florida, and Atherton, California, as examples of local variation. Compare their source period and sample with the market you are evaluating.
Luxury Real Estate Report: Chart the path forward
Use a dated report to structure a conversation about local supply, buyer priorities, and the evidence still missing. Ask which observation is actionable, who can verify it, and when the question should be reviewed again.
Looking for our latest 12-month forecast down to the ZIP code?
A 12-month forecast resource is useful for comparison. Check its date and methodology before using it alongside the September 2023 report.
Year-over-year national luxury real estate report map
The report map pairs county shading with a year-over-year legend from −10.00% to 10.00%. It includes Alaska and Hawaii insets and visible Bing, GeoNames, HERE, MSFT, and Microsoft attribution. Keep the complete map and its dated context when using it as an informational reference.
September 2023 report numbers
The figures are most useful when they retain their period and scope. Put the city observation beside the national or state comparison, record the measure used, and avoid turning one example into a claim about every luxury market.
Luxe Report 9-2023
Read the Luxe Report 9-2023 PDF with the map and narrative. The document is the source for the report’s dated categories and reported comparisons.
Methodology for the RE Luxe Leaders Luxury Real Estate Report
The report says it reviews the top one-third of U.S. markets on a monthly basis and analyzes area-level trends rather than individual properties. Its categories define Executive Class as average sold prices of $750,000 or more, Luxe as $2 million or more, and Ultra-Luxe as $5 million or more. Preserve those definitions when comparing editions.
Luxury Real Estate Report: Parting thoughts
A dated report is a starting point for a better question: what is happening in the specific market, for the specific client, during the relevant period? Pair the report with local evidence, explain what remains uncertain, and document the next check.
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