Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant, because it is!

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 122 closings at $4 million and above in April 2022, 58 less than March. The Average Closing Price was $8,462,744 down -12,6%, meanwhile, the Median Closing Price was  $5,987,744 down -8.5%. The Negotiability Factor, that is the average discount from the last asking price, was 6% a slight change from the 6.7% registered during the previous month. The pace of the market was a little faster since the Average Days On the Market were 200 compared to 236 for the properties that closed in March 2022.

If you want to take a peek at all luxury closings and our statistics you can find the links here below.

March 2022 – April 2022