Sun Belt Luxury Entry Under $800K While Heber Tops $7.25M Barrier
National luxury threshold rose to $1,205,081 in February, up 1.0% month-over-month and down 3.1% year-over-year, while ultra-luxury homes require $5.77 million at the 99th percentile. Sun Belt metros like San Antonio lead with a $750,510 entry-level luxury floor, whereas Heber, Utah commands a $7.25 million threshold.
1. National Luxury Market Trends
The luxury housing threshold reached $1,205,081 in February, marking a 1.0% monthly increase but a 3.1% annual decline. Entry-level luxury (90th percentile) rose modestly, high-end listings (95th percentile) jumped to $1,987,555, and ultra-luxury homes (99th percentile) now start at $5,767,743.
2. Sun Belt’s More Accessible Luxury
Seven of the ten least expensive luxury markets are in the South and Midwest, driven by ample supply and new construction. San Antonio leads with a $750,510 entry point, Houston follows at $794,170 with 54-day market velocity, and Orlando sits at $893,671, just 2.2x its median.
3. High-End Markets’ Barriers
Resort and coastal enclaves exhibit the steepest floors, with Heber, Utah at $7.25 million, more than six times the national median. Bridgeport-Stamford hits $4.26 million, and California claims four of the top ten most expensive metros, despite year-over-year price recalibrations.