With this report, we are going to tell you at what prices luxury properties are actually closing and what was their actual negotiability factor, anybody interested in getting a discount?

There were 83 closings at $4 million and above in July 2022, 57 less than June. The Average Closing Price was $8,478,817 up +15%, meanwhile, the Median Closing Price was  $5,867,000 down -3.8%. The Negotiability Factor, that is the average discount from the last asking price, was 3.16% practically unchanged from the 3.19% registered during the previous month. The pace of the market was faster since the Average Days On the Market were 108 compared to 220 for the properties that closed in June 2022.

If you want to take a peek at all luxury closings and our statistics you can find the links here: June 2022 – July 2022