The luxury market is expected to see alot of activity this season due to the present market conditions. The stock market is doing well and interest rates remain low. With the holidays now behind us activity will be picking up. Below are the numbers for properties priced at one million dollars and above for December 2010.
Luxury Single Family Homes
Total Properties Available 422
Price Range $1,010,000 - $22,000,000
Pending 14
Total Properties Sold 4
Price Range $1,280,000 - $1,960,000
Average Days On Market 291
Average Sold Price Per Sq. Ft. $265
Luxury Condominiums
Total Properties Available 79
Price Range $1,000,000 - $10,500,000
Pending 0
Total Properties Sold 2
Price Range $1,375,000 - $2,880,000
Average Days On Market 118
Average Sold Price Per Sq. Ft. $735
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