The Price Of Luxury Just Got A Little Higher

The Coldwell Banker Luxury Home Market report is out for 2005 and the numbers are eye-popping.

First, a definition: For CB, “luxury” means homes costing more than $1 million. In 2005, Coldwell Banker participated in more than 13,000 sides (meaning the agent got either the buy or the sell, or sometimes both) of a transaction for a grand total of $55.9 billion. That’s up substantially from 2004, when the company sold $45.2 billion in luxury home sales.

I’ll have some more facts and figures from the report next week.

Published: Mar 3, 2006