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2024 was a happy new year for the ultra-luxury real estate market, with a handful of areas standing as the main markets in this category, according to A compass report.
Compass noted that the ultra-Luxueux US market had marked more than 1,700 houses of houses of at least $ 10 million in last year, marking a leap of 350% compared to 2023. real estate office said, was worth a combined value of $ 31.39 billion.
From this amazing figure, nearly $ 23.2 billion came from ten places in four states which dominated the ultra-luxury market in sales volume, according to the report.
The property remains a large part of the American dream
new York,, California,, Florida And Colorado all had a representation among the best ultra-luxury markets of 2024 in the United States, according to the Compass report.
Top us US Vacation Homer Markets
Here are the five markets that have exceeded compass rankings for Ultra-Luxueuse properties By sales volume and how many houses of at least $ 10 million have changed hands each year. Fox Business has also calculated the ultra-luxe average sale price for each by dividing the volume of sales by the number of houses sold, based on the company’s report.
Manhattan
The horizon of Midtown Manhattan is seen from the observation terrace “Edge at Hudson Yards” before a total solar eclipse across North America, in New York on April 8, 2024. The path of totality of this year is 115 miles (185 kilometers) wide and shelter (Charly Triballeau / AFP via Getty Images / Getty Images)
Total volume of ultra-luxury sales: $ 7.5 billion
Sold houses: 307
Average price: $ 24.6 million
Grand Los Angeles
A layer of Smog persists above the horizon of downtown Los Angeles on December 6, 2024. The National Weather Service on December 4 published an air quality alert for the Grand Los Angeles region until at midnight on December 6. (Photo by Etienne Laurent / AFP) (Etienne Laurent / AFP via Getty Images / Getty Images)
Total volume of ultra-luxury sales: $ 3.3 billion
Sold houses: 190
Average price: $ 17.5 million
Miami-dade
Miami Beach, Florida, Biscayne Bay, Miami Downtown City Skyline. (Photo of: Jeffrey Greenberg / UCG / Universal Images Group via Getty Images) (Jeffrey Greenberg / UCG / Universal Images Group via Getty Images / Getty Images)
Total volume of ultra-luxury sales: $ 2.7 billion
Sold houses: 152
Average price: $ 18 million
County of Palm Beach
The boats have accosted alongside unified houses in Palm Beach, Florida, United States, Wednesday, April 7, 2021. Purchasing contracts for single-family houses for 10 million dollars or more jumped 306% in March compared to the previous year, the biggest gain since the pandem (Marco Bello / Bloomberg via Getty Images / Getty Images)
Total volume of ultra-luxurical sales: $ 2.5 billion
Sold houses: 132
Average price: $ 18.8 million
County of Orange
Luxurient County of South Orange, California by a beautiful day (Adamkaz / Istock)
Total volume of ultra-luxury sales: $ 1.6 billion
Sold houses: 107
Average price: $ 14.8 million
According to sales of the volume of ultra-luxurious houses, Compass found that Aspen ranked n ° 6 with $ 1.4 billion, the Hamptons ranked n ° 7 with 1.2 billion dollars, Silicon Valley ranked n ° 8 with $ 1.06 billion, southwest Florida ranked n ° 9 with $ 1.03 billion and San Diego ranked n ° 10 with $ 835 . 8 million.
They were the most expensive houses sold in 2024, according to Redfin
“The premium market continues to challenge expectations with a vague vague from one ocean to another,” said the luxury head of the Felipe Hernandez Smith compass in a press release.
