The latest Luxury Housing Market report shows a clear divide between coastal legacy cities and growing inland markets. While newer, larger homes dominate in emerging regions, established metros are defined by historic architecture, limited land, and long standing prestige. In these high demand areas, luxury value is driven less by size and more by proximity to culture, waterfronts, major employers, and elite neighborhoods.
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Entry level luxury real estate nationally begins at $1,193,000, with a median build year of 2003
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San Francisco has the oldest luxury housing inventory, with a median year built of 1974
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San Jose luxury homes, typically built in 1977, are selling in just 19 days due to tight inventory
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East Coast cities like New York and Philadelphia show strong demand for older homes in prime locations
Across premier coastal cities, buyers are proving that prestige, scarcity, and neighborhood legacy outweigh the appeal of new construction. In luxury markets, timeless location continues to command enduring value.
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