Record-High Real Estate Sales in 2024

Despite a slowdown in super-prime residential property sales globally, 2024 has seen notable record-breaking transactions, including the most expensive property sold in downtown Miami for $10 million. The luxury market in Chicago is rebounding, with the top sales surpassing last year's figures, though many sellers faced significant losses, highlighting the challenges in the high-end market. In Staten Island, a single-family home sold for $1.1 million topped local sales, indicating a vibrant local market with an average sale price of $724,843. Meanwhile, Andover witnessed high-value sales, including Hursbourne Manor for £10.5 million, amidst economic challenges. The luxury real estate sector continues to navigate changing demands, with properties in sought-after locations still commanding high prices, despite market fluctuations.