Introducing the Compass Luxury Division’s 2021 Ultra-Luxury Report—a year-end market snapshot of $10 million-plus sales nationwide, as well as insights, trends, and lifestyles aligned from coast to coast.
Thirty markets were analyzed, exploring residential home sales priced at $10 million and above in 2021. The comprehensive data highlights unprecedented growth in the ultra-luxury category. From Malibu to Montauk, sales of lavish abodes reached extraordinary highs, showcasing strong consumer confidence in the long-term potential for appreciation and a renewed affinity for distinguished living at home. From coast to coast, the majority of markets covered experienced significant gains in activity at the ultra-luxury price segment, such as Austin, whose total number of sales jumped 450 percent from 2020 to 2021. Likewise, the year-over-year sales volume of $10 million-plus homes rose in many markets, such as Long Island, which saw an increase of 853.99 percent. Compass luxury agents largely credit lofty wealth creation among high-net-worth individuals for this unparalleled success. In closing, today more than before, people are coming together, having a renewed regard for friends and family and for dwellings that double as sanctuaries. The past year demonstrated that a place to call home is more important than ever.