Compass just released the Ultra-Luxury 2022 Report. This is a national report focused on sales of $10M+. The 112 page report recaps the past 4 years of sales in the major luxury markets across the country.
The volume of sales at this level is relatively tiny with a very, very small audience. While this is a market that few buy and sell real estate in; it is a barometer for the broader market sentiment of the long-term value of real estate.
The Ultra-Luxury market of Pebble Beach and Carmel is featured and we're fortunate to be cited from our involvement in a few of these transactions with lovely and gracious clients this past year.
Below you'll find some market statistics of this segment in our area. In the report you'll see that most agents across the country are optimistic about the ongoing demand for this segment.