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Current Trends In The Luxury Home Market

Market Trends

In many different aspects of checking market statistics in Luxury Homes, I have seen
the market change for the positive.

A few years ago, I would have people coming through my Open Houses saying that they were not going to do anything , just going to sit on the sidelines and just watch what happens.

Since then the market inventory has dropped dramatically and the Buyers are out wanting to take advantage of the lower prices. Prices that are lower then the cost of building. Thus a dramatic drop in the inventory of Luxury Homes.

I have also seen Investors Buying Luxury Homes then Flipping them with substancial profits in a relatively short amount of time.

  • Inventory lower, Less to choose from especially between $1 Million & $2 Million dollars
  • less short sales and bank REO properties on the market
  • Prices seem to have stabized in some location or began to increase

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Selling or Buyer a Luxury Home, Call Alan Ripa today and Experience Excellence!