A luxury real estate brokerage is a real estate brokerage that specializes in the field of luxury real estate such as homes and condos.
Price points that define a luxury real estate brokerage will vary globally. Within the United States, luxury real estate is often defined as starting at $1 million but in some states such as Texas, that starting price point may be $500,000. Only a few years ago, Las Vegas luxury real estate prices would start at $500,000 and today is $1 million. Luxury residential condos in Las Vegas now show prices up to $20 million, placing Las Vegas on an International level playing field as other major global cities.