article thumbnail

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.

article thumbnail

Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. I’ve had many conversations with clients of mine from late April through early July, the market was total pandemonium. 1, and runs through May 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to become a luxury real estate agent

Housing Wire

You might be ready to take on the luxury real estate market! I’ll show you what it takes to succeed as a luxury real estate agent in any market. Diving into the world of luxury real estate sales requires a nuanced understanding of the market and a strategic approach to stand out among your competitors.

article thumbnail

How to build a comprehensive real estate online presence

Housing Wire

First impressions matter, especially in the luxury real estate market. In our recent website relaunch, we included new video assets, imagery and informative pages that are adaptable by location, including property measurement options. Prioritize the inclusion of engaging and informative articles related to luxury real estate.

article thumbnail

Cupertino Real Estate Market Trends and Statistics

San Jose Real Estate

The real estate market in Silicon Valley can sometimes be a little quirky, so I like to approach this question from a few angles. The article is a bit long but I think much more comprehensive giving the multiple methods of answering the question of how the Cupertino real estate market is faring.

article thumbnail

Second-Home Buyers are Embracing Luxury Co-Ownership

McKissock

Second-home buyers are seeking alternative solutions to help them own vacation homes without incurring more costs and frustrations. Thus, homebuyers are embracing co-ownership of luxury properties as it allows multiple owners to share the capital costs while reaping the benefits of owning a vacation home.

Buyers 52
article thumbnail

Cupertino Real Estate Market Trends and Statistics

San Jose Real Estate

The real estate market in Silicon Valley can sometimes be a little quirky, so I like to approach this question from a few angles. The article is a bit long but I think much more comprehensive giving the multiple methods of answering the question of how the Cupertino real estate market is faring.