Category Archives: Market Update
Market Update: O’ahu, HI
O‘ahu Single-Family Home Market Drives Activity Breaking Two Records Single-family home market marks new record and steady recovery, while condos continue to trail 2019 activity O‘ahu’s single-family home market continues to make a steady recovery, the summer season ended on a high note with closed sales of single-family homes surpassing year-over-year activity by 12.7%, while condo sales marked a steady month-over-month improvement of 11.5%. …
Market Update: Phoenix, AZ
Looking at the latest luxury real estate market report for Phoenix Arizona, it is evident that the summer months have seen an increase in activity since this time last year, with no summer slow-down! In fact, it is quite the opposite. Setting a new record, 27% of Home-buyers are now looking to relocate to less dense and more affordable areas as a result of …
Market Update: Northern California
Areaa Global’s most recent Market Update featuring Northern California takes a look at the current real estate trends within each center, focusing on San Francisco and including Silicon Valley, Central Valley, Sacramento, and Lake Tahoe. While looking specifically at the current Luxury Real Estate market throughout Northern California, Goldengates Sotheby’s international Realty’s number one agent and Areaa A-lister, Herman Chan, describes the current Bay …
Market Update: Toronto, ON
Looking at the latest luxury real estate market report for Toronto, ON, it is evident that July has seen an increase in numbers across the board since this time last year. According to the latest statistics by the Toronto Regional Real Estate Board, there has been a definite increase in the average selling prices, number of transactions, and new listings on the market since …
Market Update: Colorado
The latest “Mid-Year 2020” Micro Market Reports released by LIV Sotheby’s International Realty outline Colorado’s main luxury real estate markets from January through June 2020. Looking at the latest luxury real estate market reports across Colorado, it is evident that COVID-19 restrictions and distancing guidelines have affected markets in varying levels across the state. Denver Metro Usually the busiest real estate season of the year, this …
Market Update: Santa Barbara & Montecito, CA
Looking at the latest luxury real estate market report for the areas of Santa Barbara and Montecito California, it is evident that the number of days on market has decreased since the last quarter. According to the latest statistics provided by Compass, inventory rates have increased throughout Santa Barbara by 1.07%, but have decreased throughout Montecito by 2.54%. And while the median list price has …
Market Update: Seattle, WA
Looking at the latest luxury real estate market report for the Seattle Washington area it appears to be an overall seller’s market throughout the 2nd quarter, according to the latest statistics from Realogics Sotheby’s International Realty. As much of the World is still dealing with living among the pandemic, the second quarter real estate market report very much reflects that. Where the state of …
Market Update: Vancouver, BC
Looking at the latest luxury real estate market report for Vancouver, BC, it is evident that a steady increase in home sales and listing activity continued through the month of June, according to the Real Estate Board of Greater Vancouver. As the COVID-19 pandemic continues, both sellers and buyers are increasingly becoming more active. Over the course of June, 5,787 new properties were listed throughout …
Market Update: Edmonton, AB
Edmonton, Alberta’s first quarter market report was a positive start to 2020. March began with overall residential unit sales up by 8.3% in comparison to this time last year according to a recent report by the Realtors Association of Edmonton, and the amount of new on market listings was up 4.21%. “The Edmonton market prices remained stable [this February] and we saw an increase in year-over-year …
Market Update: Tyler, TX
Taking a look into the 4th quarter Real Estate Market Report for the Tyler, Texas, there is a consistently high demand for single-floor condominiums. This is good news for sellers looking to sell their luxury condos, as the best condominiums on the market are currently tending to sell very quickly. In addition, slightly lower inventory rates for this time of year create narrower options …