Sotheby's International Realty

Size matters. Sometimes. At least when it comes to luxury real estate. “Where $1 Million Buys the Most Space,” published by Realtor.com® on October 27, 2025, reveals that existing high-end U.S. homes priced at US$1-2M range significantly in size nationwide. At one end of the scale is Urban Honolulu, where US$1-2M typically buys 1,651 square feet of prime property. Occupying the other end is the metro area of Atlanta-Sandy Springs-Roswell in Georgia, where the same budget secures a median 4,530 square feet—more than twice as much living space. As Anthony Smith, senior economist for Realtor.com, highlights, both options offer value; the choice depends on an individual buyer’s priorities and preferences. “Luxury buyers are increasingly seeking value—and that doesn’t always mean a lower price tag, but rather more home for the money,” says Smith of areas with bigger homes in this range. “In markets like Honolulu or the Bay Area, buyers are paying for proximity, views and prestige—not square footage,” he adds. So how do existing homes in key international locations measure up? With luxury real estate offices in more than 80 countries and territories* worldwide, the Sotheby's International Realty® brand can expand the picture. Data from Sotheby’s International Realty affiliates in five prime property hotspots across five different continents shows that Cape Town, South Africa, offers the most spacious living, with US$1-2M typically buying 4,844 square feet, exceeding Atlanta’s median footprint. This is followed by São Paulo, Brazil (3,850 square feet), Auckland, New Zealand (1,732 square feet), Madrid, Spain (1,346 square feet), and Singapore (a diminutive but valuable 977 square feet). With its unrivalled global network, the Sotheby's International Realty brand understands that what defines a luxury home is unique to each buyer, and its affiliated agents are ready to help identify opportunity, wherever in the world their clients want to live. *Data current as of September 30, 2025. © 2025 Sotheby's International Realty. All rights reserved. Sotheby’s International Realty® is a registered trademark and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. Equal Housing Opportunity. All services/products are provided by independently owned and operated franchisees and are not provided by Sotheby’s International Realty Affiliates LLC.

From a US$50M sale in Del Mar, California, to a US$22M sale in Tokyo, Japan, here are five sales represented by the Sotheby's International Realty global network in October. https://s.sir.com/4a88MGU

Discover the latest headlines in luxury and global real estate, including a Connecticut island which just sold for the first time in over 100 years for $26.5 million. Exclusively listed by Leslie McElwreath of Sotheby's International Realty – Greenwich Brokerage. Explore more: https://s.sir.com/4o5S91T

The inaugural auction at Sotheby's new global headquarters, the iconic Breuer Building on Madison Avenue, set a historic precedent during the Leonard A. Lauder, Collector Evening Auction. Gustav Klimt’s artistic triumph ‘Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer)’ just became the most valuable work of modern art ever sold at US$236.4 million. The full length portrait, never before seen at auction, was the first of three Klimt oil masterpieces featured in this collection. With shimmering East Asian motifs, Fauvist color, and high-society elegance, this work exemplifies Klimt's late decorative style through the lens of Vienna's early 20th century Golden Age. The white-glove evening came to a close with a resounding round of applause to the tune of US$527.5 million in total.

On a picturesque green hill in Bel Air, this peaceful 5.36-acre compound features a six-bedroom residence, two guesthouses, a refreshing swimming pool accompanied by a cabana, a tennis court, and walking and golf cart paths—all with sweeping cinematic views. Read the full story on our blog: https://s.sir.com/4pmbxce

It’s a great time to be working at New Zealand Sotheby's International Realty, says Pene Milne, global real estate advisor with the company’s Auckland branch. Demand for luxury real estate is surging, especially from international buyers—boosted by recent changes to New Zealand’s Active Investor Visa settings, which make it easier for high-net-worth residents abroad to purchase property valued at NZ$5M (US$2.8M) or more. And the global appeal of New Zealand is clear, Milne says: “Luxury here isn’t ostentatious, it’s an experience connected to nature and deeply livable.”

Last week, we had the honor of hosting the Top 100 Sotheby’s International Realty advisors worldwide in New York City. Out of 26,000 agents across our global network, this group collectively brokered $18 billion in sales last year, representing the highest levels of performance within the brand. Their recognition reflects more than impressive numbers. It speaks to their market expertise, dedication to their clients, and commitment to excellence that strengthens our network as a whole. We were honored to celebrate their achievements and equally inspired by the dedication our advisors bring to the Sotheby's International Realty brand every day.

Architecture, design and a touch of cinematic charm—these one-of-a-kind homes around the world echo the distinctive aesthetic of Wes Anderson. Read the full story on the blog. https://s.sir.com/3K4VxMy

Introducing Woodbine — a masterpiece of tranquility and design. This perfectly secluded, 17-acre equestrian estate sits within the most sought-after zip code in the Southeastern U.S. and is newly offered at $25 million, the city’s priciest home for sale. Embrace refined living grounded in natural beauty in this Atlanta, Georgia home, represented by Chase Mizell of Atlanta Fine Homes Sotheby's International Realty. Discover more in the The Wall Street Journal exclusive: https://s.sir.com/3JQ0Nni

Celebrating the extraordinary. We’re thrilled to return as a Show Partner of Art Basel Miami Beach. #ArtBaselMiamiBeach #SothebysRealty