Lisa Mailhot | January 7, 2025
Buyers
The luxury real estate market has a new powerhouse: wealthy women, dubbed the "she-elites," are emerging as leaders in this high-end segment. According to the Coldwell Banker Global Luxury’s Trend Report 2025, as reported by Snejana Farberov, women with a net worth of $5 million or more now own 15.2% of high-priced residential properties, a number that continues to grow.
This shift is not only reshaping luxury real estate trends but also showcasing women as critical decision-makers. As Jade Mills, president of Jade Mills Estates, puts it: “Women, especially, are powerful decision-makers that are making critical choices about where and how they live.”
While the broader real estate market faced challenges in 2024, the luxury segment remained resilient. Homes priced over $1 million saw a 7.1% sales increase year-over-year, and the luxury home price threshold hit a historic high of $1.55 million. Women were a "silent driver" of this growth. This is especially true among younger generations.
Among millennials and Gen Z, single women now own more luxury homes than their male counterparts. In fact, women under 35 account for 54% of luxury-home owners in this demographic. This surge in female ownership aligns with broader societal shifts, including women gaining leadership roles in finance and technology. The pandemic only accelerated these trends, allowing women to step into wealth-building opportunities with renewed confidence. Their influence extends beyond homeownership—many are opting for luxury properties as investment vehicles. Vacation homes and income-generating rentals in urban hotspots are increasingly popular choices for female investors.
A staggering 94.5% of luxury property specialists report that women either share decision-making power or hold full authority in home purchases. This includes married women who have emerged as key influencers in buying and selling, even if they aren't always the sole purse-string holders.
Single women without children, often referred to as SINKs (Single Income, No Kids), are also significant contributors. With fewer financial obligations like child care or tuition, they are channeling their disposable income into luxury real estate.
McKinsey & Company projects that by 2030, women will control the majority of the $30 trillion in assets held by aging baby boomers. This generational wealth transfer is poised to further empower women in the luxury real estate market, solidifying their role as the "new face of wealth."
The rise of the she-elites is more than a trend—it’s a seismic shift in the luxury real estate market. While these trends are being seen nationally, they are also present in areas like Orange CountyWhether you’re looking to invest or find your dream home, women are taking the lead in redefining what’s possible.
If you're ready to explore opportunities in the Orange County real estate market, let's connect. Your dream home is closer than you think—let's start the conversation today.
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