Against all odds, 2021 was a good year for the luxury real estate market. Major cities bounced back—New York City had one of its best sales years ever for the $10 million and up segment—and farther-out locales such as Aspen and the Hamptons continued to boom. Overall, a whopping 40 residences sold for more than $50 million in the US this year. And yet one of the hottest markets is still Palm Beach, where million-dollar mansions are flying off the shelves, often only to be demolished and rebuilt by the next well-heeled owner. In fact, an unprecedented seven of the 20 entries on the Most Expensive Homes That Sold in 2021 list are in Palm Beach, which suggests the gold rush for land in the area’s so-called Billionaire’s Row isn’t slowing down anytime soon.
As ever, we’ve crunched the numbers and rounded up the priciest transactions in the US for this year. Consider it your guide to what 2022 might hold—although if the past two years taught us anything it’s that the real estate market can be impossible to predict.