Since the pandemic began earlier this year, the housing market has posted significant gains. Seller's markets across the country, created by COVID-19, have led to increased prices. "Median home prices in the U.S. have risen 14.3% since the World Health Organization declared Covid-19 a pandemic a year ago, according to a report Thursday from realtor.com."(Mansion Global)
Click here for the latest Compass San Diego Market report.
Leonard Steinberg- "Southern California real estate is booming. The median sales price saw a 13% increase from January 2020. The number of sales also increased 13% year-over-year. January was the 6th consecutive month in which the regional median price increased by a double-digit percentage year-over-year and the 5th consecutive month in which the number of sales did so." (L.A. Times.)
-Aspen-Snowmass real estate market continues at a healthy place (Aspen Daily News)
CT Gold Coast Real Estate in February 2021: Average Sale Prices Increase In Multiple Areas
Average SF Sale Price (+5%)
Average SF Sale Price (+50%)
Average SF Sale Price (+127%)
Average SF Sale Price (+37%)
South Florida Real Estate Market In "Super Boom"
Alongside the obvious weather benefits, the locale's open economy, fewer masking requirements, relatively low virus case counts, a vibrant remote working scene, stable politics, and no state income tax, has attracted many financial firms and technology companies to relocate to the area - spurring the market into a "super boom," as stated by Forbes.
-Miami Home Prices Set A New High- for the Fifth Month in a Row (Miami Herald)
-A 2-acre parcel of water-front land is asking $65 million, a record for this area. (WSJ)
-Markin's lakefront compound listed at $45M in Palm Beach (Palm Beach Daily News)
-Sarastoa's Most Expensive Listing- A Waterfront Glass Villa (Mansion Global)
New York City Luxury Hits Major Rebound
According to Mansion Global, Manhattan's luxury real estate market recently had its best week in over 6 years, with 38 properties having price tags over $4M entering contract. Low interest rates, a solid stock market, and vaccine availability are credited as the driving forces.
-Manhattan’s Luxury Market Notches Strongest Three-Week Streak in Six Years (Mansion Global) 36 homes priced at $4 million or more went into contract last week, according to Olshan Realty.
-Hamptons Sellers Should Ride the Buyer Wave Before it Breaks (Mansion Global)
Austin may have recorded the most expensive home sale in its history: Willow Beach, a 9-acre estate, sold for close to its former $38.9 million price tag. (Mansion Global)