Items Tagged with 'Luxury market'

ARTICLES

  • Redfin: Luxury home prices experience the first annual decline in nearly three years

    Homes priced at or above $2 million drop to a 9-year low
    In the first quarter of 2019, luxury home prices decreased 1.6% year over year, marking the first annual decline for the market in nearly three years, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said since homeowners can’t deduct as much mortgage interest as they used to be able to, the calculus has changed when it comes to buying a home, especially an expensive one.
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  • These markets are hotbeds for luxury real estate

    Report reveals top 5 "power markets" for high-net-worth buyers and sellers
    A new report by Coldwell Banker reveals where the country's wealthiest individuals are buying properties, listing the top 5 "power markets" for luxury real estate. Coldwell defines power markets as areas that offer the lifestyle amenities, education, and culture that the uber-rich seek out. Here are Coldwell's top five power markets for buyers and sellers, where you can find the greatest number of $1 million-plus homes sold.
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  • Redfin: Economic headwinds dampen luxury home market

    In Q4, sales of homes priced at or above $2 million decreased 3.9%
    In the fourth quarter of 2018, luxury home prices increased 4.7% year over year to an average of $1.78 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather explained economic headwinds are responsible for the decline.
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  • Redfin: Luxury home market takes a breather

    Luxury home prices experience lowest growth rate in nearly 2 years
    In the third quarter of 2018, luxury home prices increased 3.2% year over year to an average of $1.7 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said the slow pace of price growth can be attributed to the stock market.
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  • Denver luxury housing market sets new record

    38% more homes sold in May
    The luxury market in Denver is reaching new heights as more homes priced above $1 million sold in May. The luxury market expanded by a full 38% from last year as home prices increased. The latest report from Denver Metro Association of Realtors shows the number of homes below $500,000 continues to dwindle.
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