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
12251 E Cortez Drive, Scottsdale 85259, Sonoran Arroyos North Phase 2
- $1,475,000
- Bedrooms: 5, Baths: 3.5
- Home size: 3,985
- Lot size: 15,714
- Year built: 1996
- MLS #: 5837475
10080 N 78th Place, Scottsdale 85258, Gainey Ranch
- $869,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,779
- Lot size: 12,673
- Year built: 1990
- MLS #: 5777259
3233 N 70th Street, Scottsdale 85251, Aerium Encore Townhomes Condominium
- $585,000
- Bedrooms: 3, Baths: 3.5
- Home size: 1,939
- Lot size: 878
- Year built: 2016
- MLS #: 5830618
9058 E Pine Valley Road, Scottsdale 85260, Desert Rose
- $535,000
- Bedrooms: 5, Baths: 3
- Home size: 2,863
- Lot size: 8,968
- Year built: 1991
- MLS #: 5848566
9319 E Whitewing Drive, Scottsdale 85262, Legend Trail Parcel F
- $599,000
- Bedrooms: 3, Baths: 2.5
- Home size: 2,127
- Lot size: 6,049
- Year built: 1996
- MLS #: 5855913
10954 E Desert Troon Lane, Scottsdale 85255, Parcel C AT Troon Village
- $1,170,000
- Bedrooms: 3, Baths: 3.5
- Home size: 3,344
- Lot size: 25,792
- Year built: 1997
- MLS #: 5799519
12819 N 114th Way, Scottsdale 85259, Ancala West BY Maracay Homes
- $749,900
- Bedrooms: 4, Baths: 3.5
- Home size: 3,100
- Lot size: 18,077
- Year built: 1996
- MLS #: 5857109
8718 E Weldon Avenue, Scottsdale 85251, Park Scottsdale 17
- $509,700
- Bedrooms: 4, Baths: 2
- Home size: 1,980
- Lot size: 7,000
- Year built: 1971
- MLS #: 5807518
3105 N 71st Street, Scottsdale 85251, Gallery
- $524,900
- Bedrooms: 3, Baths: 2.5
- Home size: 1,623
- Lot size: 1,000
- Year built: 2017
- MLS #: 5835287
8366 E Pepper Tree Lane, Scottsdale 85250, Los Abrigados
- $579,900
- Bedrooms: 4, Baths: 2.5
- Home size: 3,093
- Lot size: 6,470
- Year built: 1995
- MLS #: 5842757
11052 E Jasmine Drive, Scottsdale 85255, Mcdowell Mountain Ranch
- $1,140,000
- Bedrooms: 3, Baths: 4.5
- Home size: 4,065
- Lot size: 16,702
- Year built: 1997
- MLS #: 5808901
1605 N Quartz Valley Road, Scottsdale 85266, The Boulders
- $825,000
- Bedrooms: 4, Baths: 4
- Home size: 3,450
- Lot size: 10,208
- Year built: 1985
- MLS #: 5687211
27000 N Alma School Parkway, Scottsdale 85262, Eagles Pass Condominiums 1ST Amd
- $508,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,987
- Lot size: 2,976
- Year built: 2014
- MLS #: 5760257
13607 E Geronimo Road, Scottsdale 85259, Scottsdale Mountain parcel 2 Lot 1-23 TR
- $767,500
- Bedrooms: 4, Baths: 3
- Home size: 3,200
- Lot size: 14,692
- Year built: 1994
- MLS #: 5686301
15415 E Cavedale Drive, Scottsdale 85262, Rio Verde
- $1,400,000
- Bedrooms: 3, Baths: 2.5
- Home size: 3,711
- Lot size: 130,690
- Year built: 2005
- MLS #: 5857194
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 12/13/2018 6:39 PM MST.