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
19106 N 94th Place, Scottsdale 85255, Foothills at Ironwood Village
- $609,000
- Bedrooms: 4, Baths: 2
- Home size: 2,393
- Lot size: 8,433
- Year built: 1994
- MLS #: 5906950
8989 N Gainey Center Drive, Scottsdale 85258, Gainey Ranch
- $729,000
- Bedrooms: 2, Baths: 2
- Home size: 1,970
- Lot size: 186
- Year built: 1994
- MLS #: 5890063
34068 N 59th Place, Scottsdale 85266, Los Alisos
- $692,000
- Bedrooms: 4, Baths: 4
- Home size: 3,807
- Lot size: 14,447
- Year built: 2001
- MLS #: 5890610
5809 E Ludlow Drive, Scottsdale 85254, LA Paz AT Desert Springs Unit 11 Lot 1-32
- $579,000
- Bedrooms: 4, Baths: 2.5
- Home size: 2,205
- Lot size: 14,075
- Year built: 1979
- MLS #: 5909501
11030 E Purple Aster Way, Scottsdale 85262, Desert Mountain Phase 3 Unit 24 Village Sunset Can
- $1,925,000
- Bedrooms: 4, Baths: 4.5
- Home size: 4,925
- Lot size: 50,136
- Year built: 2005
- MLS #: 5880366
5414 E Muriel Drive, Scottsdale 85254, Arabian Crest 3
- $634,990
- Bedrooms: 5, Baths: 3.5
- Home size: 3,845
- Lot size: 11,220
- Year built: 1996
- MLS #: 5841110
12160 E Mountain View Road, Scottsdale 85259, Lengthy - given in escrow
- $999,900
- Bedrooms: 4, Baths: 3.5
- Home size: 4,856
- Lot size: 54,450
- Year built: 1979
- MLS #: 5905144
18974 N Silverleaf Drive, Scottsdale 85255, Silverleaf at DC Ranch
- $2,395,000
- Bedrooms: 3, Baths: 3.5
- Home size: 2,733
- Lot size: 6,228
- Year built: 2019
- MLS #: 5795718
9675 E Tear Drop Cove, Scottsdale 85262, Desert Mountain
- $2,495,000
- Bedrooms: 4, Baths: 4.5
- Home size: 6,170
- Lot size: 43,886
- Year built: 2007
- MLS #: 5888949
12185 N 120th Way, Scottsdale 85259, Sonoran Arroyos North Phase 2
- $1,169,000
- Bedrooms: 4, Baths: 4.5
- Home size: 4,300
- Lot size: 18,498
- Year built: 1996
- MLS #: 5916235
6501 E Hearn Road, Scottsdale 85254, Thunderbird East 2
- $799,900
- Bedrooms: 4, Baths: 3
- Home size: 3,301
- Lot size: 25,292
- Year built: 1977
- MLS #: 5895966
11053 E Santa Fe Trail, Scottsdale 85262, Santa Fe Del Oro II
- $899,900
- Bedrooms: 3, Baths: 3
- Home size: 3,393
- Lot size: 58,242
- Year built: 2002
- MLS #: 5861864
30845 N 69th Street, Scottsdale 85266, N/A
- $949,000
- Bedrooms: 5, Baths: 3.5
- Home size: 4,248
- Lot size: 108,900
- Year built: 2000
- MLS #: 5915971
5427 N 79th Place, Scottsdale 85250, Laguna San Juan
- $545,000
- Bedrooms: 2, Baths: 2
- Home size: 1,750
- Lot size: 3,598
- Year built: 1973
- MLS #: 5900136
6730 E Pershing Avenue, Scottsdale 85254, Raskin Estates
- $555,000
- Bedrooms: 5, Baths: 3
- Home size: 2,480
- Lot size: 10,607
- Year built: 1971
- MLS #: 5890674
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 4/25/2019 5:39 PM MST.