Luxury defined. You be the judge.

Luxury defined. You be the final judge, but before you get there we can look at various ways luxury property is defined.  Price is always the key.  The Institute for Luxury Home Marketing (ILHM) defines Luxury as the top 10% of the market in terms of Sales Price.  The ILHM does it by your MLS region, and we are in the Greater Boston Association of Realtors® (GBAR) here.  We are also Massachusetts Association of Realtors®, (MAR), all under (NAR), the National Association of Realtors®.  The top 10 percent of the market will flucuate each day based on what closed that day.  The look at prices over the last month and the last year and come up with an average.  Earlier this year it was $855,000 and above was the top 10% of the real estate market for the GBAR region.  If you live in Wellesley, Weston, or other affluent towns a home of this price would be considered a real bargain and certainly not luxury.  So price as a comparison doesn't make luxury.

Amenities make luxury.  The Appliances, the fixtures, the finishes, the woodwork, the windows, the layout, the flow, the landscaping, the roof line, the lighting both inside and out. The opportunity for luxury runs deep.  What one person considers a luxury to another will always differ--there are some products and services that will always be synonymous with luxury.  Bathtubs can make or break a deal, hot tub or rain forest shower. Many think the experience of the house begins on the street both during the day and in the evening. Lighting, plantings mean so much at the curb. This is the entryway into your home, your castle.

The point here is you are the judge of what you fell is luxury.  What is luxury for you, is never the same as what is luxury for another, don't worry about it.  What we all agree is that living in luxury is where we want to be.  Storyteller Marketing is a way in which YourStories Realty approaches each property we represent. Luxury Defined, You be the judge