COTD: Luxury homes transaction value climbs to $1.37b
The average price per unit rose to $9.8m from $9.6m.
Due to the sustained demand for luxury homes, the total transaction value of private homes in the CCR climbed to $1.37b during the second quarter of the year.

According to a Realion report, the average price per unit rose to $9.8m from $9.6m.
However, by PSF Pricing, the number of CCR condos transacted for more than $3,000 per square foot decreased to 62 units.
This was due to a decrease in new sales, which dipped to 30 units. The number of resale units showed a smaller decline, from 29 units to 24 units over the same period.