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
11006 E Santa Fe Trail, Scottsdale 85262, Rancho Santa FE Del Oro
- $825,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,970
- Lot size: 48,071
- Year built: 2001
- MLS #: 6003240
9290 E Thompson Peak Parkway, Scottsdale 85255, DC Ranch
- $2,500,000
- Bedrooms: 5, Baths: 5.5
- Home size: 5,845
- Lot size: 33,454
- Year built: 2008
- MLS #: 5932853
26926 N 73rd Way, Scottsdale 85266, Monterra
- $819,000
- Bedrooms: 4, Baths: 3
- Home size: 3,545
- Lot size: 53,537
- Year built: 1997
- MLS #: 5930966
12084 E Whispering Wind Drive, Scottsdale 85255, Sonoran Crest
- $2,688,000
- Bedrooms: 5, Baths: 5.5
- Home size: 7,002
- Lot size: 98,505
- Year built: 2005
- MLS #: 6003576
12681 E Jenan Drive, Scottsdale 85259, Sonoran Heights Lot 1-263 TR A-N
- $665,000
- Bedrooms: 4, Baths: 2.5
- Home size: 3,318
- Lot size: 10,124
- Year built: 1994
- MLS #: 6005748
12036 N 62nd Place, Scottsdale 85254, Equestrian Manor Unit 1
- $1,670,000
- Bedrooms: 4, Baths: 3.5
- Home size: 4,428
- Lot size: 35,107
- Year built: 2019
- MLS #: 5933766
12343 N 136th - Street, Scottsdale 85259, Scottsdale Mountain
- $599,500
- Bedrooms: 3, Baths: 2.5
- Home size: 2,573
- Lot size: 7,930
- Year built: 1999
- MLS #: 5996787
8062 E Del Tornasol Drive, Scottsdale 85258, Casas Dia Festivo Amd Lot 8-11 29-39
- $539,000
- Bedrooms: 3, Baths: 2
- Home size: 2,089
- Lot size: 4,940
- Year built: 1988
- MLS #: 5984582
8606 E San Felipe Drive, Scottsdale 85258, Suggs Ranch Mccormick Replat
- $830,000
- Bedrooms: 4, Baths: 2
- Home size: 2,609
- Lot size: 9,007
- Year built: 1986
- MLS #: 5982119
8099 E Lone Mountain Road, Scottsdale 85266, None
- $1,750,000
- Bedrooms: 4, Baths: 4.5
- Home size: 4,196
- Lot size: 190,614
- Year built: 2002
- MLS #: 5924368
11082 E Carol Avenue, Scottsdale 85259, Scottsdale Ranch 15 Lot 1-52 TR A-C
- $998,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,700
- Lot size: 25,262
- Year built: 1990
- MLS #: 6005877
17934 N 100th Street, Scottsdale 85255, Windgate Ranch Phase 1 Plat A
- $1,494,900
- Bedrooms: 4, Baths: 4.5
- Home size: 4,539
- Lot size: 18,345
- Year built: 2007
- MLS #: 5986527
19118 N 94th Street, Scottsdale 85255, Foothills AT Ironwood Village Unit 3
- $675,000
- Bedrooms: 4, Baths: 3
- Home size: 2,944
- Lot size: 8,196
- Year built: 1995
- MLS #: 6002257
8205 E Adobe Drive, Scottsdale 85255, Pinnacle Peak Country Club Unit Five Lot 1-47
- $1,529,000
- Bedrooms: 5, Baths: 5
- Home size: 4,564
- Lot size: 25,233
- Year built: 1985
- MLS #: 6005806
10164 E Desert Sage --, Scottsdale 85255, Silverleaf at DC Ranch
- $2,395,000
- Bedrooms: 3, Baths: 3.5
- Home size: 3,693
- Lot size: 14,792
- Year built: 2007
- MLS #: 5840493
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 11/16/2019 8:37 PM MST.