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
24001 N 112th Way, Scottsdale 85255, Troon Ridge 3
- $925,000
- Bedrooms: 3, Baths: 2.5
- Home size: 3,086
- Lot size: 18,441
- Year built: 1993
- MLS #: 5860731
16242 N 63rd Street, Scottsdale 85254, North Ranch Unit 1 Lot 1-56
- $565,000
- Bedrooms: 4, Baths: 2
- Home size: 2,577
- Lot size: 9,821
- Year built: 1984
- MLS #: 5870485
25805 N Chisum Trail, Scottsdale 85255, Happy Valley Ranch Unit 2 Lot 1-72
- $999,999
- Bedrooms: 5, Baths: 5.5
- Home size: 4,278
- Lot size: 45,995
- Year built: 1996
- MLS #: 5883541
7028 N Via De Alegria --, Scottsdale 85258, Paseo Village Amd
- $1,123,990
- Bedrooms: 5, Baths: 4
- Home size: 4,700
- Lot size: 47,822
- Year built: 1974
- MLS #: 5862146
17140 E Red Bird Road, Scottsdale 85262, 5 Private Acres! Preserve! Huge Views! 2 bed Casita w Liv & Kitchenette! End of street! NO traffic!
- $1,174,850
- Bedrooms: 5, Baths: 3.5
- Home size: 3,741
- Lot size: 87,147
- Year built: 2010
- MLS #: 5878178
5548 E Campo Bello Drive, Scottsdale 85254, Dave Brown Arabian Estates
- $550,000
- Bedrooms: 3, Baths: 2.75
- Home size: 2,956
- Lot size: 8,917
- Year built: 1996
- MLS #: 5883954
11567 E Desert Willow Drive, Scottsdale 85255, Troon Village
- $536,900
- Bedrooms: 2, Baths: 2.5
- Home size: 2,090
- Lot size: 6,425
- Year built: 1996
- MLS #: 5870162
8963 E Floriade Drive, Scottsdale 85260, Eagle Point
- $509,900
- Bedrooms: 4, Baths: 2
- Home size: 1,901
- Lot size: 8,919
- Year built: 1990
- MLS #: 5882366
6454 E Evening Glow Drive, Scottsdale 85266, Terravita
- $799,000
- Bedrooms: 3, Baths: 2.5
- Home size: 3,065
- Lot size: 9,600
- Year built: 1995
- MLS #: 5875220
7331 E Brisa Drive, Scottsdale 85266, Bellasera
- $729,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,255
- Lot size: 12,825
- Year built: 2001
- MLS #: 5847487
16407 N 50th Street, Scottsdale 85254, Tatum Square Lot 1-127 TR A
- $539,900
- Bedrooms: 4, Baths: 3
- Home size: 2,466
- Lot size: 7,920
- Year built: 1990
- MLS #: 5870405
8015 E Williams Drive, Scottsdale 85255, Pinnacle Peak Estates Unit Two
- $1,400,000
- Bedrooms: 6, Baths: 4
- Home size: 4,046
- Lot size: 44,901
- Year built: 2013
- MLS #: 5874036
7422 N Tombstone Road, Scottsdale 85258, Sandpiper
- $737,000
- Bedrooms: 4, Baths: 3
- Home size: 2,816
- Lot size: 5,518
- Year built: 1979
- MLS #: 5843055
8314 E Minnezona Avenue, Scottsdale 85251, Scottsdale Country Acres
- $565,000
- Bedrooms: 3, Baths: 2.5
- Home size: 2,130
- Lot size: 8,338
- Year built: 1960
- MLS #: 5866405
10235 E Cochise Drive, Scottsdale 85258, Scottsdale Ranch 8 Lot 1-14 TR A
- $1,099,000
- Bedrooms: 4, Baths: 3
- Home size: 3,300
- Lot size: 11,564
- Year built: 1991
- MLS #: 5833540
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 2/15/2019 2:39 PM MST.