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Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on marketvalue, 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 luxuryhousingmarket.
. “The remarkable final sale price for ‘La Dune’ reflects its stunning design, exclusive address, and historic pedigree,” said Chad Roffers, the founder and CEO of Sotheby’s Concierge Auctions, who recently appeared on HousingWire’s Power House Podcast.
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