Luxury real estate markets across North America stand strong as global wealth sees a substantial increase in 2021, according to Coldwell Banker Global Luxury’s release of The Report: 2022 Global Luxury Market Insights.
Though the Vancouver housing market may have seen its peak earlier this spring with March 2021 recording a total of 8,888 sales, a new record for the entirety of the Vancouver region history, demand continues despite a slow decline according to the latest market report by Rennie & Associates Realty Ltd.
Demand for luxury homes in Paradise Valley continues to gain momentum in its first quarter with a 200% increase in sales compared to this time last year, according to the Paradise Valley Luxury Market Update for May 2021 from Russ Lyon Sotheby’s International Realty.
Home sales have increased across North America over the last year a total of 9.1%, according to a recent report by the National Association of Realtors®.