Core Insights - Miami has surpassed New York City as the U.S. metro area with the highest volume of million-dollar listings, indicating a significant shift in the luxury real estate market [1] - The demand for Miami's luxury properties is heavily influenced by migration from the New York City metro area, which accounts for over 25% of the demand [2] Market Dynamics - The increase in million-dollar listings in Miami reflects a new baseline for the market, with high-income earners now considering $1 million to $5 million as standard entry-level prices [7] - New York City is experiencing a luxury inventory shortage, with listings down nearly 10% compared to the previous year, attributed to high construction costs and stringent zoning laws [4][5] Supply and Demand Factors - Miami's luxury market is less affected by seasonal cycles, allowing for more stable inventory levels compared to New York, which typically sees a significant drawdown in winter months [5] - The structural shift in the luxury market is confirmed by the movement of wealth and high-income earners towards Miami, as noted by real estate experts [3]

Core Insights - Sotheby's International Realty Affiliates LLC has expanded its network in Oregon by adding Town & Country Realty, which will now operate as Town & Country Sotheby's International Realty, marking the brand's growth to 20 offices in the state [2][5] Company Overview - Sotheby's International Realty was founded in 1976 and has a global presence with over 1,100 offices in 86 countries and territories, including 47 company-owned brokerage offices in key metropolitan and resort markets [6] - The company operates through a franchise system where each office is independently owned and operated, supported by a strategic alliance with Sotheby's, a leading destination for art and luxury [6][8] Market Characteristics - The Mid-Willamette Valley, where the new office is located, is known for its lifestyle-driven luxury real estate market, featuring properties that emphasize space, privacy, and quality construction, appealing to outdoor enthusiasts and buyers seeking a balanced lifestyle [3] - The region is recognized for its wine production, particularly Pinot Noir, Chardonnay, and Pinot Gris, contributing to its attractiveness for real estate investment [3] Leadership and Expertise - Town & Country Sotheby's International Realty is led by Lisa Marie Boyd, who has 16 years of real estate experience and has been recognized as REALTOR of the Year in 2025 by the Willamette Association of Realtors, reflecting her leadership and commitment to excellence [4][5] Network Benefits - The Sotheby's International Realty network includes more than 21,600 affiliated independent sales associates, providing extensive marketing opportunities and exposure through the sothebysrealty.com global website [5] - Affiliates and agents benefit from the association with Sotheby's auction house and the marketing programs offered by Sotheby's International Realty, enhancing their service offerings [5][7]

Core Insights - The luxury real estate market is expected to continue its upward trajectory in 2026, driven by a significant transfer of generational wealth amounting to US$6 trillion in 2025, a 44% increase in foreign buyer activity in the U.S., and a rising threshold for luxury homes starting at approximately $1.3 million [1][4]. Market Trends - The overall real estate market is facing challenges from elevated interest rates and affordability issues, but the luxury segment is positioned for continued outperformance, with increased inventory and a higher percentage of all-cash sales [3][4]. - Inventory levels of new construction homes have returned to pre-pandemic norms, indicating a healthier and more balanced market, with the U.S. supply of homes priced at $1 million being the highest since 2020 [4]. Buyer Behavior - There is a notable surge in foreign buyer activity in the U.S., with Florida, California, Texas, and New York being the leading destinations [4]. - Lifestyle factors and wellness amenities are increasingly influencing buyer decisions, with 60% of affiliated agents reporting their importance [4]. Economic Influences - The luxury market is less sensitive to macroeconomic factors due to sustained wealth creation, with generational wealth transfers constituting 10% of global GDP [4]. - The integration of cryptocurrency in luxury purchases is on the rise, particularly in markets like Dubai, New York, and California, with potential regulatory changes allowing crypto assets to count toward mortgage qualification [4]. Future Outlook - Major upcoming events, such as the 2026 FIFA World Cup and the 2028 LA Olympics, are expected to boost property values in host cities, although long-term gains will depend on urban planning [4]. - The appeal for branded residences is growing, as high-service, low-maintenance living options expand globally [4].

Core Insights - The Coldwell Banker Global Luxury 2025 Mid-Year Report highlights that luxury homebuyers are increasingly selective and less willing to compromise on their purchases, viewing real estate as a key investment in their financial portfolios [1][5] Group 1: Market Trends - The report identifies five major trends shaping the luxury real estate market, based on data from 120 U.S. markets and insights from over 200 Luxury Property Specialists [2] - 68% of Luxury Property Specialists report that clients are maintaining or growing their real estate exposure, indicating confidence in the asset class [3][6] - The luxury market is described as recalibrating, with affluent buyers prioritizing practical considerations such as home affordability and long-term investment potential over aesthetics [5][7] Group 2: Buyer Behavior - A significant number of luxury homebuyers are entering the market for the first time, driven by substantial gains in home equity over the past five years, with national home prices having surged by 47% [4][8] - There is a widening behavioral divide between ultra-wealthy buyers and aspirational buyers, with 20.4% of specialists noting significant differences in purchasing behavior [10] - 96% of Luxury Property Specialists report an increase in cash purchases among luxury buyers, reflecting a strategic approach to real estate as a safe haven during economic uncertainty [11] Group 3: Market Performance - The luxury single-family home inventory has increased by 19.6%, while attached property inventory is up 14.8% compared to 2024, indicating a healthy absorption of properties [12] - Despite higher inventory levels, sold prices for single-family homes have risen by 1.8% year-over-year and 8.0% compared to 2023, while attached properties have seen prices increase by 8.4% year-over-year and 16.5% over the past two years [12]