The International Luxury Home Market Report looked at 38,380 homes on the market this week to determine what is happening nationally in the luxury real estate market. It appears that the buyer's market is in full swing in this market segment. Average days on market is 150 with median price per square foot about $300.00.
The full report can be viewed here. The top 10 most expensive zip codes in 31 market cities were examined.
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Atlanta |
Honolulu |
Raleigh Durham |
|
Austin |
Houston |
Sacramento-Tahoe |
|
Baltimore |
Las Vegas |
Salt Lake |
|
Boston |
Los Angeles |
San Diego |
|
Charlotte |
Miami |
San Francisco |
|
Chicago |
New York |
Seattle |
|
Cleveland |
Orlando |
Silicon Valley |
|
Dallas |
Philadelphia |
Tampa |
|
Denver |
Phoenix |
Twin Cities |
|
Detroit |
Portland |
Ventura |
|
Washington DC |
Source: Altos Research LLC
The global financial market meltdown has created a wait and watch mentality across price ranges. Buyers at the very top are citizens of the world and their luxury home purchases are often portfolio plays as well as lifestyle purchases. In 2008, many very successful individuals had not only moved more of their assets into direct and indirect real estate investments, they had shifted more of their money into ownership of multiple residences. Mountain and beach properties are the top second home choices.
Since Ann Arbor Real Estate Luxury Home Market is a very local business, there are 153 active Ann Arbor homes priced above$500,000 RES - One line. There have been 97 Ann Arbor Luxury homes sold this year. RES - One line - Transactional. Click here to customize and map your Ann Arbor luxury home search. You can also look at all the Ann Arbor properties for sale including condos, single family, waterfront, price, address, etc.
For more insider Ann Arbor real estate luxury market information, call us!
Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
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