“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.
Home sales throughout Toronto and the Greater Toronto Area have slowed but demand for housing continues, according to the September 2022 Stats from the Toronto Regional Real Estate Board.
Despite recent unfavorable economic factors such as high inflation, rising interest rates, and stock indexes, experts predict demand for luxury real estate will continue for the remainder of 2022 and into 2023 according to the new 2022 Mid-Year Luxury Trends Report recently released by Christie’s International Real Estate.
The Oahu luxury market continues to see low inventory, which has led to decreases in the number of properties sold, according to a recent luxury market update for Oahu, Hawaii.
San Francisco’s real estate market experienced a 7% home pricing decline year-over-year, from September 4th, 2021 to September 4th, 2022 as outlined in a recent report by Redfin.
A decreasing number of sales throughout the Phoenix, Arizona real estate market suggests a cooling-off period, but for how long?
Singapore’s luxury real estate market reported fewer sales throughout 2022 compared to 2021, however, home prices have increased year over year according to a recent report from List Sotheby’s International Realty, Singapore.