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
9623 E Desert Cove Avenue Scottsdale 85260, La Tierra Estates
11135 E Mirasol Circle Scottsdale 85255, Mcdowell Mountain Ranch Parcel G North
14836 N 59th Street Scottsdale 85254, LA Paz AT Desert Springs
4519 N 61st Place Scottsdale 85251, Casas Flores Lot 1-5
19475 N Grayhawk Drive 2007 Scottsdale 85255, Tesoro AT Grayhawk Condominium
15169 N 91st Way Scottsdale 85260, Desert Rose --- Remodeled
10240 N 75th Street Scottsdale 85258, Casa Buena Tract B And C
7400 E Gainey Club Drive 139 Scottsdale 85258, 7400 Gainey Club Drive Condo First Suppl Plat
10935 E Siena Way Scottsdale 85262, Treviso
7526 E Virginia Avenue Scottsdale 85257, Cavalier Vista 4A
34011 N 99th Place Scottsdale 85262, Legend Trail Parcel A
13621 E Aster Drive Scottsdale 85259, Scottsdale Mountain
5910 E Sandra Terrace Scottsdale 85254, Paradise Park Vista
10573 N 99th Place Scottsdale 85258, Scottsdale Ranch 3 Lot 1-56 TR A-G
11226 N 75th Street Scottsdale 85260, Lor Villa Estates
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
IDX Solution Provided by iFoundAgent.com
ARMLS Listing Data last updated 2/27/2020 11:41 PM MST.