Luxury Home Market Report for December 16, 2013

Luxury Home Market Report for December 16, 2013

Luxury Market Profile

The Institute for Luxury Home Marketing Luxury Composite Price this week is $1,283,503. These homes have been on the market for an average of 169 days.

The Market Action Index measures the available supply relative to the current level of demand. Index value above 30 indicates conditions favor the seller. This week's index value is 28.

luxury homes

Luxury Market Price

Luxury home prices across the ILHM sample have stayed relatively stable in recent weeks. This week's median price is $1,283,502.

luxury homes

Luxury Home Price Per Square Foot

Price per square foot gives us a view to changes in how luxury homes are valued as well as how they're being constructed. Currently median price per square foot in the luxury homes is $396.

luxury homes

Luxury Supply And Demand

Residential prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained trends and an early view on coming price changes.

The ILHM National market is currently in the Buyer's Market zone (below 30), though not strongly so. The Market Action Index stands at 28 so luxury buyers should expect to see reasonable levels of selection.

luxury homes

Luxury Inventory

This chart illustrates the total number of homes in the ILHM sample each week. These are homes on the market for at least $500,000 in the top 10 zip codes for 31 major metro markets around the county.

luxury homes

Luxury Days On Market

The properties have been on the market for an average of 151 days.

luxury homes

Information provided by

Search all South Florida Real Estate And Homes For Sale.

Cinthia Ane has distinguished herself as a leader in the South Florida luxury real estate market. Cinthia assists buyers looking for South Florida real estate for sale and aggressively markets South Florida homes for sale. Cinthia Ane markets luxury single-family estate homes, luxury condominiums and luxury waterfront and equestrian property home sites in Miami/Dade County, Broward County and Palm Beach County.

You can reach Cinthia Ane by filling out her online contact form or giving her a call, 954-218-3231.

No comments have yet been submitted for this entry.

Join the conversation by filling out the form below.

Your email address will not be displayed.

Cinthia Ane - Agent with Allison James Estates & Homes Elite