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What's going on with Luxury Homes?

By
Real Estate Agent

Luxury Homes can be defined by Google as, " Luxury real estate market niche targeted at the highest socio-economic group of consumers". Although the economy is not completey on its feet yet, the Luxury Home market is still increasing! 

That's right! Increasing! 

According to Luxury Home Council, Luxury Homes are steady across the US. They are up by 21%

While normal homes are at a decline of 7.6%

The number one city with the most sales in Luxury homes is Oakland, California!

Actually, out of the Top 5 Cities with the most sales in the Luxury Home market, the Top 3 are in California!

Here's the list:

  1. Oakland, California
  2. San Jose, California
  3. San Francisco, California
  4. Long Island, New York 
  5. Seattle, Washington

Overall, these cities have had an increase in the market by over 60%

So what is it about Luxury Homes?

In my opinion, its the look.

The appeal to have a Luxury Home is at its finest right now!

Get into that market as quick as you can!

Posted by

“As a dedicated Real Estate professional, I pledge to you my time, my resources, and a guarantee to make your buying or selling experience a wonderful one”.

Realtor in the Greater Sugar Land, Missouri City, Katy, Richmond, Rosenberg, Fulshear, and Needville, TX area.

 

Joy Roussell, 713-898-3868