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Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxuryhousingmarket, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory.
In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while realestateagents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housingmarkets are still crazy right now.
housingmarket was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. Overall, the agents surveyed have a positive outlook for the year, driven by renewed confidence in the market, a larger selection of desirable properties and more purchasing power.
. “[Selling] isn’t as big of an issue for luxury homeowners since there’s a relative abundance of high-end homes to choose from,” Fairweather said. The consequences of low inventory finally caught up with the housingmarket in February, with tightened supply largely responsible for a 10.6%
In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 HousingMarket Trends Report. Getty Images Buyers, we know it’s hard out there for you right now. Other experts agree. “An
To help you overcome these challenges, HomeLight spoke with one of the most successful realestateagents in the Chicago metro area, one of the city’s leading home appraisers, and a professional Chicago landscaper. We also researched Chicago neighborhood trends and local realestate statistics. Cut the clutter.
He is skilled in many facets of RealEstate including both Buyer & Seller Representation, Commercial, Investment, Relocation & LuxuryProperties. Cervone Laurie Howe Bourgeois has been a licensed realestateagent since 2000 and in the customer service industry for 34 years.
Her reason for becoming a realestateagent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. She makes buying and selling fun and truly believes that people come before the property.
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