Category Archives: Market Update
Market Update: San Francisco, CA
With current all-time low mortgage rates and work from home trends that appear to be here to stay, demand for real estate throughout San Francisco has remained “unseasonably high”, and can be expected throughout 2021 according to Kinoko’s Febuary newsletter.
Market Update: Seattle, WA
Seattle’s Seller market continues throughout January 2021 according to the latest statistics from Realogics Sotheby’s International Realty.
Market Update: Oahu, Hawaii
A noticeable desire for luxury single-family residences across the island of Oahu, Hawaii marks the starts of a promising year ahead for luxury real estate. Ending December 2020, sales for single-family homes above $1.5 million rose 134% compared to December 2019. According to LuxuryHomes.com Affiliate and real estate agent, Caron B Davis, 103 luxury single-family homes were recorded in escrow on January 20th. In addition, the …
Market Update: 2021 Forecast
As the year of 2021 begins, real estate markets across North America are still feeling the effects of 2020 with strong sellers market conditions and relocation trends continuing across the nations. While buyers continue to compete for a limited amount of available listings, sellers can expect their homes to go for top dollar according to Realtor.com 2021 Housing Market Forecast and Predictions. Seasonal trends …
Market Update: Los Angeles, CA
Home to some of the world’s most amazing real estate, the California Luxury Real Estate Market is finishing the year off strong, especially in some of LA’s most luxurious neighborhoods. Looking specifically at the Los Angeles area, overall, the median price for homes has risen steadily despite a slow spring, according to a recent Micro Market Report on California Luxury Real Estate by DouglasElliman. Single …
Market Update: Naples, Florida
The Naples Real Estate Market recently experienced the Best September on record, according to a recent report by the Naples Area Board of Realtors®. September 2020 boasts a record breaking month for one of Florida’s most luxurious housing markets, explains Terri McAuley, Naples area real estate agent. While September saw increased activity on many fronts due to the COVID-19 based shift in buying behavior earlier this year, …
Market Update: Las Vegas, NV
AREAA Global President and Owner of Char Luxury Real Estate, Randy Char states there are two very different stories happening right now surrounding luxury real estate in Las Vegas in Areaa Global’s most recent Market Update. While COVID-19 unfolded in Las Vegas, the original effects of a market slow-down were felt overall, however the last few months have picked back up for October 2020, …
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 …