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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 marketvalue, while non-luxury homes are those with estimated values in the 35th to 65th percentile. Meanwhile, sales of non-luxury homes decreased 4.2%
It’s a result that our team, as the world’s leading luxuryproperty auctioneer, is best positioned to obtain. We deal in real marketvalue, which is ultimately measured by what a group of qualified bidders are willing to pay for a unique, one-of-a-kind piece of real estate like ‘La Dune.’”
Do you own a luxuryproperty 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.
Set realistic expectations based on property type Consider the type of property and how it affects the time it takes to sell. Luxuryproperties, unique custom homes or rural properties have a smaller pool of buyers, which can lead to longer days on market.
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