As of early 2025, the luxury real estate market demonstrates notable resilience and adaptability, with several key trends shaping its current state:
Market Performance and Outlook
• Price Appreciation: In 2024, luxury single-family home prices increased by 7.6%, outpacing the broader market’s 3% growth. This trend underscores the sector’s strength and the sustained demand for high-end properties.
• Inventory Expansion: The market has seen a substantial influx of new listings, with single-family homes up by 19.6% and condos and townhomes increasing by 11.7%. This growth provides buyers with a broader selection of properties.
Source: Forbes Luxury Real Estate
Buyer Demographics and Preferences
• Affluent Millennials and Single Women: There’s a notable increase in luxury purchases by wealthy millennials and single women, reflecting a shift in the traditional luxury buyer profile.
• Lifestyle Alignment: Buyers are seeking homes that resonate with their personal aspirations and values, with trends such as hybrid working and heightened demand for sustainable and wellness-focused features influencing purchasing decisions.
Source: Bloomberg Real Estate
Global Wealth Migration
• High-Net-Worth Individual Relocation: In 2024, approximately 128,000 high-net-worth individuals migrated to new countries, with the United States being a prominent destination. This movement is influencing luxury real estate markets in key U.S. cities.
Source: World Wealth Report
Overall, the luxury real estate market in 2025 is characterized by growth, evolving buyer demographics, and a focus on properties that align with modern lifestyles and values.
Brooke Boles
Coldwell Banker Realty
1200 N Federal Hwy Ste 111
Boca Raton, FL 33432
561.595.4473
Brooke.Boles@cbrealty.com
www.BrookeSellsBoca.com
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