2024 Ultra-Luxury Report: A Year of Record-Breaking Sales and Rising Demand

According to luxuryatcompass.com, 2024 marked an extraordinary year for the ultra-luxury real estate market, with $31.39 billion in sales from 1,744 homes priced at $10 million and above. This impressive surge far surpassed 2023 figures, signaling a continued and intensifying demand for exceptional properties. The ultra-luxury market is not just surviving—it’s thriving, propelled by two main forces: wealth creation and generational wealth transfers.

High-net-worth individuals have seen their fortunes grow through financial market gains, booming economic sectors, and astute wealth management. Meanwhile, the ongoing generational transfer of wealth is introducing a new wave of affluent buyers, eager to acquire exclusive, high-quality homes. 

The 2024 performance of the ultra-luxury real estate market highlights the enduring appeal of high-quality, distinctive properties. Sustained wealth growth and projected favorable economic conditions for ultra-luxury buyers signal a promising outlook for 2025.

Whether you're buying or selling in the ultra-luxury market, now is the perfect time to make your move. Contact me today to explore how you can take advantage of this exciting market shift.

EXPLORE THE 2024 ULTRA-LUXURY REPORT

Source: luxuryatcompass.com