2024 Full Year Ultra-Luxury Report

2024 ULTRA-LUXURY REPORT

The Demand for Luxury Properties Intensifies and Momentum Points to Another Promising Year Ahead

The ultra-luxury residential real estate market showcased resilience and strength across the nation in 2024. A total of 1,744 homes sold at $10 million and above, generating an impressive $31.39 billion in sales—well surpassing 2023 figures and underscoring the continued demand for exceptional properties. This momentum, driven by sustained wealth growth and predicted favorable economic conditions for ultra-luxury buyers, points to another promising year ahead in 2025.

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$31.39B

NATIONAL TOTAL SALES VOLUME

2024

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1,744

NATIONAL TOTAL # OF SALES

2024

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SUPPORT THOSE IMPACTED BY THE

California Wildfires

At Compass, we deeply understand the significance of home, especially during times of devastation. Our hearts go out to the individuals, families, and communities affected by the wildfires in California. As we launch this year’s Ultra-Luxury Report, we invite you to join us in supporting those impacted by donating to relief efforts. Together, we can help rebuild homes and restore hope to those in need.

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Julie Hoffman

Manhattan | Brooklyn

Residential Sales & Luxury Rentals

10 East 53rd St. 5th Fl.

New York, NY 10022

M: 917.275.3570

E : Jhoffman@compass.com

Office: 646-982-0353

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.