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
8645 E Staghorn Lane, Scottsdale 85266, Hawknest Trail
- $993,000
- Bedrooms: 3, Baths: 3.5
- Home size: 3,588
- Lot size: 38,352
- Year built: 2002
- MLS #: 5725053
10070 N 118th Street, Scottsdale 85259, Montana Ranch Lot 62
- $800,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,640
- Lot size: 24,057
- Year built: 1995
- MLS #: 5679296
7510 E Becker Lane, Scottsdale 85260, Briarwood North
- $625,000
- Bedrooms: 3, Baths: 3
- Home size: 3,450
- Lot size: 8,903
- Year built: 1992
- MLS #: 5734041
15819 N 60th Way, Scottsdale 85254, North Ranch Unit 8 Lot 195-262 TR A B
- $525,000
- Bedrooms: 4, Baths: 2
- Home size: 2,390
- Lot size: 10,199
- Year built: 1987
- MLS #: 5754662
4855 N Woodmere Fairway --, Scottsdale 85251, Sage Condominium
- $589,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,740
- Lot size: 1,157
- Year built: 2009
- MLS #: 5698994
7709 E Calle De Las Brisas --, Scottsdale 85255, Sonoran Hills Parcel C
- $750,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,239
- Lot size: 9,200
- Year built: 1999
- MLS #: 5754152
7623 E Tailfeather Drive, Scottsdale 85255, Grayhawk Parcel 1D (B)
- $669,900
- Bedrooms: 5, Baths: 3.5
- Home size: 4,461
- Lot size: 10,540
- Year built: 1998
- MLS #: 5660473
9101 N 82nd Street, Scottsdale 85258, McCormick Ranch
- $700,000
- Bedrooms: 4, Baths: 2
- Home size: 2,540
- Lot size: 10,210
- Year built: 1982
- MLS #: 5724579
6632 E Sleepy Owl Way, Scottsdale 85266, Terravita
- $600,000
- Bedrooms: 3, Baths: 2.5
- Home size: 2,626
- Lot size: 8,393
- Year built: 1996
- MLS #: 5753575
9716 E Mariposa Grande Drive, Scottsdale 85255, Pinnacle Peak Area
- $2,197,160
- Bedrooms: 7, Baths: 6
- Home size: 6,199
- Lot size: 204,601
- Year built: 1988
- MLS #: 5712679
8306 E Via De Las Flores --, Scottsdale 85258, Paseo Village Replat
- $524,000
- Bedrooms: 3, Baths: 1.75
- Home size: 2,172
- Lot size: 8,860
- Year built: 1977
- MLS #: 5685356
8202 N 74th Place, Scottsdale 85258, Paradise Valley Farms
- $2,495,000
- Bedrooms: 6, Baths: 6
- Home size: 4,891
- Lot size: 44,232
- Year built: 2018
- MLS #: 5734326
9441 E Canyon View Road, Scottsdale 85255, Sera Brisa
- $935,000
- Bedrooms: 3, Baths: 3.5
- Home size: 3,508
- Lot size: 10,400
- Year built: 2008
- MLS #: 5665727
7406 E Camino Rayo De Luz --, Scottsdale 85266, Las Piedras at Sevano Village
- $759,000
- Bedrooms: 3, Baths: 3
- Home size: 3,386
- Lot size: 9,449
- Year built: 2004
- MLS #: 5566294
12722 E Cortez Drive, Scottsdale 85259, Sonoran Heights
- $795,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,889
- Lot size: 10,228
- Year built: 1992
- MLS #: 5753151
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 4/20/2018 1:06 PM MST.