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
18650 N Thompson Peak Parkway, Scottsdale 85255, Courtyards AT Desert Park
- $595,000
- Bedrooms: 2, Baths: 2
- Home size: 1,773
- Lot size: 2,456
- Year built: 2010
- MLS #: 5974026
5222 E Angela Drive, Scottsdale 85254, Arabian Views 5
- $685,000
- Bedrooms: 4, Baths: 2
- Home size: 2,848
- Lot size: 9,120
- Year built: 1997
- MLS #: 5968882
12131 E Welsh Trail, Scottsdale 85259, Pueblo Bonito
- $899,999
- Bedrooms: 5, Baths: 4.5
- Home size: 4,014
- Lot size: 20,006
- Year built: 1996
- MLS #: 5904995
10040 E Happy Valley Road, Scottsdale 85255, Desert Highlands
- $1,500,000
- Bedrooms: 4, Baths: 4
- Home size: 4,811
- Lot size: 13,834
- Year built: 1999
- MLS #: 5979771
11226 N 75th Street, Scottsdale 85260, Lor Villa Estates
- $860,000
- Bedrooms: 5, Baths: 3
- Home size: 3,250
- Lot size: 38,078
- Year built: 1970
- MLS #: 5950172
8539 E Camino Vivaz Street, Scottsdale 85255, Pinnacle Paradise
- $1,255,000
- Bedrooms: 4, Baths: 7
- Home size: 4,826
- Lot size: 80,489
- Year built: 1996
- MLS #: 5875429
8144 E Olesen Road, Scottsdale 85266, No Hoa not in a Subdivision!
- $1,100,000
- Bedrooms: 4, Baths: 4.5
- Home size: 4,529
- Lot size: 42,422
- Year built: 2004
- MLS #: 5879779
9269 E Via De Vaquero Drive, Scottsdale 85255, DC Ranch
- $839,000
- Bedrooms: 4, Baths: 2.5
- Home size: 3,209
- Lot size: 8,613
- Year built: 2004
- MLS #: 5942044
20321 N 93rd Place, Scottsdale 85255, DC Ranch Parcel 2.13/2.14
- $1,595,000
- Bedrooms: 6, Baths: 4.5
- Home size: 5,120
- Lot size: 13,600
- Year built: 1999
- MLS #: 5925871
13571 E Estrella Avenue, Scottsdale 85259, La Colina
- $699,999
- Bedrooms: 4, Baths: 3
- Home size: 2,781
- Lot size: 9,375
- Year built: 1996
- MLS #: 5963729
9245 E Havasupai Drive, Scottsdale 85255, Pima Acres
- $2,999,000
- Bedrooms: 5, Baths: 7.5
- Home size: 8,670
- Lot size: 73,808
- Year built: 2008
- MLS #: 5979761
19220 N 93rd Way, Scottsdale 85255, Foothills AT Ironwood Village Unit 3
- $685,000
- Bedrooms: 5, Baths: 3
- Home size: 2,906
- Lot size: 8,816
- Year built: 1992
- MLS #: 5978925
12201 E Shangri La Road, Scottsdale 85259, McDowell Acres
- $1,325,000
- Bedrooms: 6, Baths: 4.5
- Home size: 5,511
- Lot size: 35,501
- Year built: 2000
- MLS #: 5960422
8119 E Buena Terra Way, Scottsdale 85250, Park Scottsdale 12
- $549,900
- Bedrooms: 4, Baths: 3.5
- Home size: 2,321
- Lot size: 7,414
- Year built: 1970
- MLS #: 5954863
28990 N White Feather Lane, Scottsdale 85262, Stonedge AT Troon North
- $535,000
- Bedrooms: 2, Baths: 4
- Home size: 2,647
- Lot size: 2,112
- Year built: 2000
- MLS #: 5972400
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ARMLS Listing Data last updated 9/18/2019 2:35 AM MST.