A strong seller’s market persists across Seattle’s luxury real estate market according to statistics from Realogics Sotheby’s International Realty.
The Luxury Division at Compass Real Estate just released its Ultra-Luxury Report, an analysis of over 50 real estate markets and their sales of $10 million and above since 2019.
“Luxury homes continued to sell quickly and saw a significant increase in price per square foot in November.” Says Oahu Luxury Real Estate Agent Caron B Davis.
“There has been a slowdown in luxury home sales but it’s not all doom and gloom.” Says Oahu Luxury Real Estate Agent and LuxuryHomes.com Affiliate, Caron B Davis.
The luxury real estate market in Austin may be one to watch despite recent price declines, as buyers looking for greater market value from out of state look towards Texas.
Trends of increasing home prices are predicted to slow as economic changes begin to affect buyer demand, and the market adjusts from a strong seller’s market to a more balanced market, however, demand for luxury homes may be less affected as affluent buyer demand continues according to recent reports.
Canadian home sales have begun to slow this spring with national home sales decreasing 8.6% month-over-month.
Single-Family Homes In the luxury market, January saw 37 homes sell at or above $1.8M. Although this is a lower number than we’ve seen during the past few months, it is still well above the averages seen at the start of and before the pandemic. Homes sold after an average of 68 days on market; 25% of homes sold in less than 10 days. There …
The Toronto Regional Real Estate Board reports a substantial decrease in real estate transactions compared to this time last year, mostly due to the historically low amount of MLS listings.
Supply and demand for homes throughout Beverly Hills are becoming more level in recent months making the real estate market throughout the area more balanced than in previous months, according to realtor.com’s recent statistics.