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Prices for luxury homes soared in the first quarter 

Housing Wire

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. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.

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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. million sale includes a 12% buyer’s premium that goes to the auctioneers and the real estate brokers who marketed it. ‘La Dune’ has been listed on and off since 2016, and was once asking $150 million.

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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

Is the home being marketed effectively? Is the price aligned with current market conditions? Here are the initial items to check on: Marketing photos and description: Start by reviewing your marketing strategy. Is the property description compelling and highlighting key features? Does it show well?

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