Chart of the Day: Core Central luxury home transactions rose 28.05% in 2018

From just 135 units priced $5m and above sold in 2014, 2018 saw 388 luxury homes sold in the CCR in 2018.

This chart from CBRE Research shows that sales transactions for homes in the Core Central Region (CCR) priced above $5m jumped 28.05% YoY to 388 units in 2018 from 3018 sold units in 2017.

Transactions for luxury homes have continued to grow in the last four years, with 135 units sold in 2014. Meanwhile, in 2015 and 2016 to there were 240 and 303 units sold, respectively.

The research firm also noted that transactions for units in the CCR priced $3m and above also rose 34.3% YoY in 2018 to 166 units from 90 units in 2017.

“For the prime segment, developers will attempt to stoke this demand by rolling out buying schemes and incentives,” CBRE Research said.