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Prices for luxury homes soared in the first quarter 

Housing Wire

In comparison, prices for non-luxury homes rose by 4.6% 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. Meanwhile, sales of non-luxury homes decreased 4.2%

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Benefits of Appraising Luxury Homes

Appraisal Hub

Do you own a luxury property in Toronto? A professional appraisal can give you an unbiased opinion of your home’s value, which can be especially useful if you are planning to sell it soon, if you want to refinance your mortgage, or simply want to update your statement of assets.

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Price reductions: 6 things to consider before lowering the price

Housing Wire

Decide if you and the seller have done everything you can to sell the home Its crucial to evaluate whether you and the seller have done everything possible to attract the right buyer before reducing the price of a listing. Here are the initial items to check on: Marketing photos and description: Start by reviewing your marketing strategy.

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