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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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‘La Dune’ in the Hamptons fetches record $88M at live Sotheby’s art auction

Housing Wire

It’s a result that our team, as the world’s leading luxury property auctioneer, is best positioned to obtain. We deal in real market value, 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.’”

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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

Set realistic expectations based on property type Consider the type of property and how it affects the time it takes to sell. Luxury properties, unique custom homes or rural properties have a smaller pool of buyers, which can lead to longer days on market.

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