At the end of 2019 (pre-pandemic), there were approximately 1,847 Luxury properties in the valley. Today, there are approximately 2,381 Luxury properties valley-wide; up 30% in just three years. The increase in the number of Luxury properties can be directly attributed to the COVID pandemic and the lack of inventory. Of the 2,381 Luxury properties, approximately 87% are single-family homes. NOTE: The average sale price of a Luxury property to-date in 2023 was $11.37 million.

Both the overall number of sales and dollar volume are down 44% and 41%, respectively. This decrease in the number of sales comes from issues not necessarily locally driven as home mortgage interest rates have doubled, and inflation is still historically high. NOTE: While the number of sales went down from 2022, the number of sales and dollar volume were double the pre-pandemic levels for the first six months of the year.