Luxury home buyers outnumber sellers by a nearly 3:2 margin, a trend expected to continue for the next 3 years.
If you’re thinking about selling a luxury home, research shows it may be time to put that “for sale” sign in your front yard.
Data from a YouGov Affluent Perspective 2017 Global Study, sourced specifically for the Luxury Portfolio Global Luxury Real Estate report, analyzed spending and saving trends from more than 5,000 of the top 10 percent of consumers worldwide and found that luxury buyers currently outnumber sellers by a nearly 3:2 margin. The trend is expected to continue for the next 3 years. Twenty-five percent of high-net-worth individuals expect to buy a luxury property while only 17 percent of owners are planning to sell one. “The population of wealthy consumers continues to grow, and their interest in purchasing real estate also increased,” Paul Boomsma, president of Luxury Portfolio International, says about the report’s findings. As demand increases and inventory decreases, the market is becoming increasingly favorable to sellers.
The study found that the U.S. luxury real estate market remains strong. “The high-end market in the U.S. is currently quite healthy as it is driven by growth in sales and stronger-than-average home sale prices across the nation. However, historic levels of inventory shortages in some markets are beginning to take their toll, even on the high-end. With fewer luxury homes on the market, prices are possibly being artificially driven up,” the report states.
If you are looking to sell your home, I would like to show you how we market luxury listings to sell for top dollar in Scottsdale, Az. Please contact me at 602-370-2774. Visit www.KPFineProperties.com
Kristen Petronio, Realtor, Residential Luxury
RE/MAX Platinum Living
View Scottsdale Homes For Sale
8113 E Quarterhorse Trail, Scottsdale 85258, Paradise Park Trails
- $665,000
- Bedrooms: 4, Baths: 3
- Home size: 2,781
- Lot size: 40,409
- Year built: 1978
- MLS #: 5806647
14803 N 54th Street, Scottsdale 85254, Cactus Glen 6 Lot 1-63
- $750,000
- Bedrooms: 5, Baths: 3
- Home size: 3,607
- Lot size: 12,366
- Year built: 1988
- MLS #: 5785029
7770 E Camelback Road, Scottsdale 85251, Villa Bianca D'Oro
- $500,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,950
- Lot size: 3,614
- Year built: 1968
- MLS #: 5802262
6340 E Marioca Circle, Scottsdale 85266, Parcel N Unit One AT Terravita
- $675,000
- Bedrooms: 3, Baths: 3
- Home size: 3,045
- Lot size: 9,597
- Year built: 1995
- MLS #: 5805118
8907 E Lupine Avenue, Scottsdale 85260, Scottsdale Vista Lot 1-127
- $579,999
- Bedrooms: 3, Baths: 2
- Home size: 2,068
- Lot size: 11,595
- Year built: 1979
- MLS #: 5807930
11316 N 117th Street, Scottsdale 85259, Sonoran Arroyos Lot 1-20 TR A-D
- $899,000
- Bedrooms: 5, Baths: 3.5
- Home size: 4,051
- Lot size: 14,888
- Year built: 1994
- MLS #: 5794272
26240 N 104th Way, Scottsdale 85255, Troon Fairways
- $1,299,000
- Bedrooms: 4, Baths: 4.5
- Home size: 3,813
- Lot size: 24,182
- Year built: 2000
- MLS #: 5527329
12080 E Bella Vista Circle, Scottsdale 85259, Parcel 11 AT Stonegate
- $520,000
- Bedrooms: 3, Baths: 2
- Home size: 2,363
- Lot size: 10,676
- Year built: 1996
- MLS #: 5807951
8907 E Kalil Drive, Scottsdale 85260, Scottsdale Vista Lot 1-127
- $599,900
- Bedrooms: 6, Baths: 3
- Home size: 2,068
- Lot size: 15,490
- Year built: 1978
- MLS #: 5802833
3344 N 62nd Street, Scottsdale 85251, Country Club Plaza
- $695,000
- Bedrooms: 4, Baths: 3
- Home size: 2,108
- Lot size: 10,196
- Year built: 1961
- MLS #: 5753010
9075 N 103rd Place, Scottsdale 85258, Scottsdale Ranch 6 Lot 1-98 TR A-D
- $599,999
- Bedrooms: 4, Baths: 3
- Home size: 2,903
- Lot size: 9,998
- Year built: 1984
- MLS #: 5795274
10850 E El Rancho Drive, Scottsdale 85259, Preston Hills
- $888,900
- Bedrooms: 3, Baths: 3
- Home size: 3,946
- Lot size: 24,496
- Year built: 1986
- MLS #: 5793947
34253 N 92nd Way, Scottsdale 85262, Legend Trail
- $897,000
- Bedrooms: 4, Baths: 4.5
- Home size: 3,552
- Lot size: 26,374
- Year built: 2001
- MLS #: 5807274
35267 N 98th Street, Scottsdale 85262, Legend Trail Parcel E
- $1,039,000
- Bedrooms: 3, Baths: 3.5
- Home size: 3,517
- Lot size: 23,663
- Year built: 2005
- MLS #: 5737618
12645 N 85th Street, Scottsdale 85260, Stoneridge Estates 3
- $1,480,000
- Bedrooms: 5, Baths: 5
- Home size: 4,359
- Lot size: 43,347
- Year built: 1981
- MLS #: 5807920
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
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ARMLS Listing Data last updated 8/17/2018 6:34 AM MST.