Luxury Market on Record Streak

The luxury market is on a record streak, with double-digit growth in 19 of the largest markets in the nation, according to the July Luxury Home Index by realtor.com®. High-end homes are moving rapidly, with age of inventory at 108 days—11 days faster than in July 2017—and $1 million-plus properties on the rise. “The strong […]

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Buyers are giving up the search for that perfect starter home

According to Trulia’s latest market analysis, homebuyers and sellers are finally seeing eye-to-eye when it comes to the sales price. Market mismatch — the measurement of the price gap between search interest and available listings — has dropped 15 percentage points quarter-over-quarter to an average score of 11.1.

Luxury real estate market got more competitive in Q4

Luxury home prices rose 7.4 percent year-over-year to $1.76 million in Q4 2017, according to Redfin’s latest real estate market report. Meanwhile, non-luxury homes experienced a 6-percent year-over-year increase to $333, …

Realtor.com: Luxury Softens as Supply Tops Demand

2017’s housing market was characterized by absent inventory and climbing prices—but at the higher end, those indicators softened, according to new realtor.com® research. “Although 2017 was another strong year for the luxury housing market, it was once again outperformed by the U.S. market overall,” says Javier Vivas, director of Economic Research for realtor.com. According to […]

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$1M neighborhoods on the rise in coastal metros: Zillow

Since 2014, the U.S. has gained 346 new $1 million neighborhoods, which can be a good thing — or a not-so-good thing, depending on how you look at it. According to Zillow, nearly one in 20 residential ZIP codes fall into this category because 10 percent of the homes in the area are worth $1 million or more …

Tapping Into the Luxury Market

In the following interview, Dianne Pereira, REALTOR® with Bailey Properties in Santa Cruz, Calif., discusses marketing, peer coaching and more. Region Served: Santa Cruz County, Calif. Years in Real Estate: 16 Number of Offices: 4 sales offices, 1 rental office Number of Agents: 125 Best Tip for Dealing With Difficult Clients: Listen. Clients need to […]

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A Setting Sun on the Luxury Real Estate Market?

The sizzling real estate market of the last few years experienced a formidable cooldown last year. Sales of residences valued at $1 million and higher increased a mere 1 percent in 2016 after rising 8 percent in 2015 and 16 percent in 2014, according to a new report, “Luxury Defined” from Christie’s International Real Estate. […]

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International Homebuyers Have More Impact on High-End Market

International homebuyers have more impact on the high-end housing market than on the general housing market, according to the latest Zillow Home Price Expectations Survey for the second quarter of 2017, which surveyed over 100 housing authorities. Those surveyed reported that though international buyers have a major effect on home values in the luxury market, […]

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7 Secrets to Working in a Luxury Real Estate Market

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Renovate or Decorate? 3 Things to Consider Before Choosing Why W-2 Employees and Gig Economy Workers Should Customize Their Pitch to Mortgage Lenders Size Matters: Most Americans Dissatisfied with Home’s Square Footage Trying to get in with […]

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What’s in Store for the Luxury Real Estate Market in 2017?

Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San Francisco and New York left buyers feeling choked out. Will the market improve in 2017? […]

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