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Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’

Appraisal Buzz

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. In a complementary survey of Coldwell Banker Global Luxury Property Specialists, nearly 70% of respondents expressed confidence in the health of the 2024 luxury market.

Buyers 417
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It’s all smiles for the 2025 luxury housing market

Housing Wire

housing market was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. According to The Trend Report released Monday by Coldwell Banker s Global Luxury program, the brands luxury property specialists expect more luxury buyers to reenter the market in 2025.

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Compass launches resort division for agents in vacation-home markets

Housing Wire

Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes.

Agents 353
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Prices for luxury homes soared in the first quarter 

Housing Wire

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. year over year.

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Coldwell Banker Realty welcomes top-performing New England agent 

Housing Wire

I am passionate about providing white-glove service to my buyers and sellers, and Coldwell Banker Realty will enable me to enhance that important aspect of my business,” Wood said. Additionally, Wood earned a certification as a Luxury Property Specialist and will join the Coldwell Banker Global Luxury program network.

Realty 368
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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

Koch said that since this summer — typically the home-buying off-season — was busy for buyers, he thinks it will only get crazier. “We Over where the weather is colder, Steven Shane, a Compass real estate agent in Aspen, Colorado, said that buyers are coming from all over Texas, Florida, New York and California. Presented by: NAMB.

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How to build a comprehensive real estate online presence

Housing Wire

Your platform should highlight the beauty of your luxury properties through high-resolution photos and videos. Make sure that the visuals capture the unique features, exquisite details and breathtaking views of each property. Prioritize the inclusion of engaging and informative articles related to luxury real estate.