The December luxury market ended the year strong in sales and volume.
Through December 2012 year to date, buyers purchased $782,054,041 in single-family Million Dollar properties comprised of 503 transactions compared to $568,162,537 in sales and 380 transactions in 2011. This resulted in an increase of 32.4% in transactions and an increase of 38.0% in volume respectively.
Year to date the highest sold property for 2012 is $7,500,000 (July) which is an 8.5% decrease from the 2011 highest priced sale of $8,200,000 (July). The number of days on the market is now 17.9% less at 184 days versus 224 days in 2011.