The May 2024 report presents April 2024 results. Its North American summary and Telluride pages use different samples, with separate luxury benchmarks. The four original graphics remain in their original order below.
Open the original 22-page luxury report for its category definitions, tables and North American comparisons.
The report classified this wider sample as a seller’s market at a 30.24% sales ratio. The comparison table gives a median sale-to-list-price ratio of 99.04%, median luxury sale price of $1,251,700 and median luxury threshold of $912,500. A threshold defines entry to the luxury sample; it is not a median home value.
The original summary listed Telluride at $6,950,000 among the markets with the highest median sale prices, followed by Vail, Lake Tahoe and Naples. This is the report’s particular sample and month, not a ranking of every home or every resort market.
The attached-home sales ratio was 24.38%, as shown in the original graphic, not a range of “24–38%.” The report classified that sample as a seller’s market. Its comparison table shows a median sale-to-list ratio of 99.08%, median sale price of $858,000 and median luxury threshold of $700,000. The summary named Manhattan, Vail, Naples and San Francisco among markets with the highest attached-home medians.
The graphic compares April 2023 with April 2024: sales rose from 4,500 to 5,947 and inventory from 18,113 to 24,395. The sales ratio fell from 24.84% to 24.38%, a decline of 0.46 percentage point, even as the number of sales increased.
The local report classified this segment as balanced with a 14% sales ratio. It recorded 66 properties in inventory and nine sales, compared with 67 and six in April 2023. The median sale price was $6,950,000, versus the chart’s rounded $6.66 million a year earlier. Reported sale price per square foot declined from $1,284 to $1,110.
The median sale-to-list ratio moved from 95.76% to 95.00%, a decline of 0.76 percentage point. Median days on market rose from 99 to 229. The most active band was $7,000,000–$7,999,999 with a 150% sales ratio. That ratio compares sales with remaining inventory, not a probability or a 50% premium over asking price.
The report also classified attached homes as balanced, with a 12% sales ratio. Inventory rose from 32 to 43 while sales fell from ten to five. The median sale price was $2,295,000, rounded to $2.30 million in the graphic, compared with the prior rounded $2.68 million. Reported sale price per square foot rose from $1,180 to $1,590.
The median sale-to-list ratio rose from 95.70% to 100.00%, an increase of 4.30 percentage points. Median days on market fell from 128 to 109. The most active band was $2,000,000–$2,499,999 with a 50% sales ratio.
The May commentary discussed the 13-month trend series, changing preferences for personalized spaces, sustainability, cultural influences in design, privacy and security. It also considered foreign investment and technology. These are the report’s discussion topics, not quantified proof that those factors caused the April results or will produce future growth.
A useful property review compares current local evidence, the home’s condition and permitted uses, and the buyer’s or seller’s objectives. The report’s historical market classifications should not be applied to every price band today.
The report covers properties above its market-specific luxury benchmarks, with active and sold records and no pending properties in the stated data. A sales ratio compares the period’s sales with remaining inventory; it is not the percentage of asking price achieved. Ratios above 100% can occur when sales exceed the inventory remaining at the measurement date, and are not a probability of selling. Small numbers and a changing mix of homes can move medians substantially without measuring the appreciation of the same property.
For a property-specific comparison, contact Anne-Britt Ostlund at Mountain Rose Realty at 970.759.4886 or use our contact page. Compare current local listings and completed sales rather than applying a historical category summary to every home.