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
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13439 N 79th Street, Scottsdale 85260, Paradise Valley Ranchos 2
- $624,000
- Bedrooms: 3, Baths: 2.5
- Home size: 2,710
- Lot size: 32,806
- Year built: 1963
- MLS #: 5937902
11448 E Desert Vista Road, Scottsdale 85255, Troon Ridge Estates 2 Lot 1-72 TR A
- $1,075,000
- Bedrooms: 4, Baths: 4.5
- Home size: 4,036
- Lot size: 21,942
- Year built: 1996
- MLS #: 5892955
11886 N 120th Place, Scottsdale 85259, Sonoran Arroyos
- $979,000
- Bedrooms: 5, Baths: 4
- Home size: 4,055
- Lot size: 15,391
- Year built: 1996
- MLS #: 5908101
7117 E Rancho Vista Drive, Scottsdale 85251, Optima Camelview Village
- $899,000
- Bedrooms: 3, Baths: 2
- Home size: 2,439
- Lot size: 2,439
- Year built: 2011
- MLS #: 5918982
7501 E Edward Lane, Scottsdale 85250, None
- $870,000
- Bedrooms: 2, Baths: 1
- Home size: 1,442
- Lot size: 38,425
- Year built: 1952
- MLS #: 5800361
12305 N 130th Street, Scottsdale 85259, Parcel 13 AT Scottsdale Mountain Phase 2
- $1,150,000
- Bedrooms: 5, Baths: 4
- Home size: 4,062
- Lot size: 37,722
- Year built: 2000
- MLS #: 5948586
8310 E Whispering Wind Drive, Scottsdale 85255, Pinnacle Peak Estates Unit 3 Phase 1 & 2 1-92 93-2
- $1,250,000
- Bedrooms: 4, Baths: 3.5
- Home size: 4,839
- Lot size: 47,119
- Year built: 1991
- MLS #: 5920678
7316 E Mclellan Boulevard, Scottsdale 85250, Casabella Patio Homes Lot 1-63 TR A-F
- $570,000
- Bedrooms: 2, Baths: 2
- Home size: 1,934
- Lot size: 6,542
- Year built: 1979
- MLS #: 5921140
9484 E Chuckwagon Lane, Scottsdale 85262, Legend Trail Parcel I/J
- $559,000
- Bedrooms: 2, Baths: 2
- Home size: 1,560
- Lot size: 5,866
- Year built: 1999
- MLS #: 5946498
7379 E Lower Wash Pass, Scottsdale 85266, Whisper Rock
- $2,295,000
- Bedrooms: 4, Baths: 4.5
- Home size: 5,065
- Lot size: 57,134
- Year built: 2014
- MLS #: 5951421
10423 E Corrine Drive, Scottsdale 85259, Scottsdale Foothills
- $1,059,950
- Bedrooms: 4, Baths: 6
- Home size: 4,672
- Lot size: 34,934
- Year built: 1987
- MLS #: 5906173
7728 E Via Montoya --, Scottsdale 85255, Sonoran Hills Parcel D Amd
- $535,000
- Bedrooms: 5, Baths: 2.5
- Home size: 2,849
- Lot size: 7,150
- Year built: 1999
- MLS #: 5848452
10446 E Meadowhill Drive, Scottsdale 85255, Moore Property
- $688,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,466
- Lot size: 8,156
- Year built: 2000
- MLS #: 5910695
16007 N 51st Place, Scottsdale 85254, Paradise Valley Mirada 4-B Lot 251-283
- $649,900
- Bedrooms: 4, Baths: 3
- Home size: 2,890
- Lot size: 11,983
- Year built: 1984
- MLS #: 5941539
9221 E Desert Arroyos Street, Scottsdale 85255, DC Ranch Parcel 1.18 Mcr 657-20
- $920,000
- Bedrooms: 5, Baths: 3.5
- Home size: 3,654
- Lot size: 8,726
- Year built: 2005
- MLS #: 5950775
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 7/15/2019 3:06 PM MST.