The Report (see full report below) by Coldwell Banker Global Luxury is a definitive guide for international high-end property buying and selling which compiles industry intelligence with insider insights from agents on the ground in many established and unexpected luxury markets.
Among its many features, The Report also profiles nearly 50 Power Markets where affluent buyers are flocking for lifestyle and culture. The Report also narrows this list of fifty markets to uncover the top five Power Markets to Watch for Buyers and Sellers in 2018.
Top 5 Luxury Buyer “Power Markets” to Watch in 2018
- Boca Raton, Fla.
- Miami, Fla.
- Park City, Utah
- Santa Barbara, Calif.
- Scottsdale, Ariz.
Top 5 Luxury Seller “Power Markets” to Watch in 2018
- Denver, Colo.
- Nashville, Tenn.
- San Francisco, Calif.
- Seattle, Wash.
- Silicon Valley, Calif.
Other key findings include:
- Shortest Days on Market for Single Family Homes: Seattle (Median 9 Days on Market)
- Most Affordable (Price per Square Foot) for Single Family Homes: Raleigh-Durham (Median PPSF is $171)
- Most Expensive (Price per Square Foot) for Single Family Homes: Los Angeles-Beach area (Median PPSF is $2,044)
- On Amazon’s HQ2 Radar: A staggering 14 out of 20 Amazon HQ2 finalists are represented in The Report’s Power Markets, showing potential for growth in these key markets.