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Home Sales Over $100 Million Exploded in 2021 The priciest residential deals of 2021 included ...
Luxury home sales skyrocketed in 2021. Here are the 10 priciest deals, including Montana ranches, L.A. estates and Manhattan condos.
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Home Sales Over $100 Million Exploded in 2021
The priciest residential deals of 2021 included Montana ranches, L.A. estates and Manhattan condos as affluent buyers splurged on home purchases
The priciest residential deals of 2021 included Montana ranches, L.A. estates and Manhattan condos as affluent buyers splurged on home purchases
Home Sales Over $100 Million Exploded in 2021
The priciest residential deals of 2021 included Montana ranches, L.A. estates and Manhattan condos as affluent buyers splurged on home purchases
By Katherine Clarke
https://twitter.com/KathyClarkeNYC
Katherine.Clarke@wsj.com
Jan. 6, 2022 10:59 am ET
By all measures, 2021 was a banner year for the country’s luxury residential market, despite the economic uncertainty caused by the continuing global pandemic.
At least 40 properties in the United States sold for $50 million or more last year, a 35% increase from 2020, and at least eight sold for at least $100 million, a 300% jump from the prior year, according to data compiled by appraisal firm Miller Samuel and The Wall Street Journal. Real-estate experts attributed the increase in activity to low interest rates, as well as a surge in wealth created through gains in the stock market and alternative assets like cryptocurrencies. While deals in the ultraluxury sector don’t always speak to a broader surge in real-estate values, in 2021 they did coincide with a general uptick in the overall housing market. As of November 2021, existing-home sales were on track for their strongest year since 2006, thanks to low mortgage-interest rates and a robust job market, The Wall Street Journal reported.
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The priciest residential deals of 2021 included Montana ranches, L.A. estates and Manhattan condos as affluent buyers splurged on home purchases
By Katherine Clarke
https://twitter.com/KathyClarkeNYC
Katherine.Clarke@wsj.com
Jan. 6, 2022 10:59 am ET
By all measures, 2021 was a banner year for the country’s luxury residential market, despite the economic uncertainty caused by the continuing global pandemic.
At least 40 properties in the United States sold for $50 million or more last year, a 35% increase from 2020, and at least eight sold for at least $100 million, a 300% jump from the prior year, according to data compiled by appraisal firm Miller Samuel and The Wall Street Journal. Real-estate experts attributed the increase in activity to low interest rates, as well as a surge in wealth created through gains in the stock market and alternative assets like cryptocurrencies. While deals in the ultraluxury sector don’t always speak to a broader surge in real-estate values, in 2021 they did coincide with a general uptick in the overall housing market. As of November 2021, existing-home sales were on track for their strongest year since 2006, thanks to low mortgage-interest rates and a robust job market, The Wall Street Journal reported.
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN
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