Coldwell Banker Global Luxury Sales $87 Billion 2024

A Record-Breaking Year in Luxury Real Estate

In 2024, Coldwell Banker Global Luxury® achieved a monumental milestone, reporting over $87 billion in sales for properties priced at $1 million and above. This achievement underscores the brand's dominance and commitment to excellence in the luxury real estate sector.

This performance translates to an impressive average of $240 million in luxury sales daily, highlighting the strength and resilience of the high-end real estate market.

Significant Growth Across Price Segments

The 2024 sales figures reflect substantial growth across various luxury price brackets:

• $1M+ transactions: 13% increase
• $5M+ transactions: 13% increase
• $10M+ transactions: 6.8% increase
• $20M+ transactions: 20% increase
• $50M+ transactions: 129% increase

These statistics highlight the robust demand and dynamic growth within the luxury real estate market.

Insights from the 2024 Trend Report

The 2024 Coldwell Banker Global Luxury Trend Report provides valuable insights into the factors driving this growth:

• Renewed Buyer Confidence: Over one-third of surveyed luxury consumers believe 2024 is a better time to buy or sell compared to 2023.
• Desire for 'Have-It-All' Properties: Buyers are seeking homes that offer privacy, wellness amenities, and cutting-edge technology.
• Influence of AI and Smart Homes: There's a growing interest in properties equipped with advanced smart home features.
• International Investment: The U.S. continues to be a prime destination for affluent international buyers.

Looking Ahead

As we move into 2025, Coldwell Banker Global Luxury remains committed to providing unparalleled service and leveraging innovative strategies to meet the evolving needs of luxury home buyers and sellers. With a strong foundation and a clear vision for the future, the brand is poised to continue its leadership in the luxury real estate market.

If you are considering selling your luxury home or luxury property contact Eric Radecki Licensed Real Estate Salesperson CT & NY. Call 475-245-4205