The $100 million sale club is growing.
In 2019, billionaire Ken Griffin set a new record for the most expensive home in America when he purchased the $238 million penthouse at NYC's 220 Central Park South. In Los Angeles, there were three $100M+ sales
in the last year.
The average home size in the U.S. has grown by 60%
in the last 45 years.
In 1973, the median new single-family house was just 1,525 square feet, according to the US Census Bureau. By 2018, it had ballooned to 2,435 square feet.
In contrast, luxury homebuyers are searching for homes with smaller footprints and higher quality finishes.