The Report – 2021 Global Luxury Market Real Estate Insight Presented by Christophe Choo – Coldwell Banker Global Luxury
Welcome to The Report: 2021 Global Luxury Market Insights, a full year of luxury real estate in review. This report's goal is to bring you a definitive guide for buying and selling high-end property through trends, analysis, and expert insights.
Often out of a great challenge comes great opportunity. This was true for 2020. We know major buyer migrations have already taken place. Perhaps more are still to come. New definitions of luxury — like the intangibles of family, health, space, and security — continue to spur new affluent living trends.
In the top 10% of the U.S. markets examined for this report, luxury home prices for single-family homes rose an average of 8% last year,* driven by buyers migrating from dense cities in favor of locations with greater numbers of single-family homes. High sales ratios for single-family homes in many luxury markets, indicating large volumes of sales compared to inventory levels, were another surprising feature. Many of last year’s top-performing markets made a comeback on this year’s list, and we explore them in depth.
There were many other bright spots around the country and the world, as people adjusted their notions of home and sought fully amenitized retreats where they could live, work and eventually entertain in place.
As your luxury real estate professional, it is my responsibility to share the comprehensive knowledge provided in this powerful and all-encompassing report.
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