Coldwell Banker, part of Realogy Holdings Corp (NYSE: RLGY), has released its annual Global Luxury Real Estate report.

Titled simply, “The Report 2020,” it analyzes the latest trends and data provided by leading influencers from The Institute for Luxury Home Marketing, WealthEngine, Unique Homes, and in-the-field real estate specialists.

Coldwell Banker Report 2020

One not so surprising finding is the emergence of luxury markets in cities like Boise, Charlotte, and Fort Worth. Its residents are part of the fast-developing exodus from high tax states to low tax parts of the country.

“This phenomenon is on prominent display in Austin, TX, where a marquee of names from the technology sector including Amazon.com (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Dell (NASDAQ: DELL) continues to add thousands of high-paying jobs as they expand operations in the area, giving rise to booming luxury markets in downtown Austin and beyond the city limits. Nashville, TN, has also benefited from Amazon’s expansion and from a steady stream of corporate relocations, spurring new luxury developments throughout the city and injecting new life into old neighborhoods.”

The report also looked at other fast-developing new luxury markets. It concludes: “The Institute for Luxury Home Marketing identified five luxury housing markets that are seeing notable home sales and price growth.

“After analyzing economic factors such as job and population growth against annual metrics including sales-price-to list-price ratios, days on the market, median list price and inventory, it was determined that Boise, Charlotte, Colorado Springs, Cincinnati, and Fort Worth are among the strongest performing housing markets to watch in the year ahead.”

Finally, you can download a copy of the 2020 Global Luxury Report here.

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