These places led the US ultra-luxury market last year, according to Compass

2024 was a great year for the ultra-luxury realty market, with a handful of locations standing apart as the leading markets because classification, according to a report from Compass.

Compass discovered America’s ultra-luxury market notched over 1,700 sales of homes of a minimum of $10 million throughout in 2015, marking a 350% dive from 2023. Those sales, the realty company stated, deserved a combined $31.39 billion.

Of that incredible figure, almost $23.2 billion originated from 10 locations in 4 states that controlled the ultra-luxury market by sales volume, according to the report.

HOMEOWNERSHIP STAYS A BIG PART OF THE AMERICAN DREAM

New York City, California, Florida and Colorado all had representation amongst 2024’s leading ultra-luxury markets in the U.S, the Compass report revealed.

TOP United States VILLA MARKETS

Here are the 5 markets that topped Compass’ rankings for ultra-luxury residential or commercial properties by sales volume and the number of homes of a minimum of $10 million altered hands in each in 2015. FOX Organization likewise determined the typical ultra-luxury list price for each by dividing the sales volume by the variety of homes offered, based upon the company’s report.

Manhattan

Overall ultra-luxury sales volume: $7.5 billion

Residences offered: 307

Typical cost: $24.6 million

Greater Los Angeles

Overall ultra-luxury sales volume: $3.3 billion

Residences offered: 190

Typical cost:$ 17.5 million

Miami-Dade

Overall ultra-luxury sales volume: $2.7 billion

Residences offered: 152

Typical cost: $18 million

Palm Beach County

Overall ultra-luxury sales volume: $2.5 billion

Residences offered: 132

Typical cost: $18.8 million

Orange County

Overall ultra-luxury sales volume: $1.6 billion

Residences offered: 107

Typical cost: $14.8 million

By sales volume of ultra-luxury homes, Compass discovered that Aspen positioned No. 6 with $1.4 billion, the Hamptons positioned No. 7 with $1.2 billion, Silicon Valley positioned No. 8 with $1.06 billion, Southwest Florida positioned No. 9 with $1.03 billion and San Diego positioned No. 10 with $835. 8 million.

THESE WERE ONE OF THE MOST COSTLY HOMES OFFERED IN 2024, ACCORDING TO REDFIN

” The premium market continues to defy expectations with a wave of momentum from coast-to-coast,” Compass High-end Head Felipe Hernandez Smith stated in a news release.