June 2019 U.S. Luxury Market Update
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Overall North America is in a balanced market, although Arizona continues to favor Sellers. The biggest trends demonstrated over recent months continues to be that luxury home buyers are all about the ‘Experience.’ Downsizing for Quality-over-Space continues the demand for luxury turn-key Condos. And today’s buyers have no desire to renovate.San Francisco is getting a 7 billion$ mega transformation with expected completion by 2023; Canadian cities have stabilized after suffering the last 2 years since the non-resident taxes and regulations of 2017 went into effect; and markets with the highest median sales price ranked from Vail, LA Beach Cities, Silicon Valley, Toronto (see pages 12-17 for a list of all cities by State). I hope you enjoy this month’s Luxury Market Report! in a digital format, scroll to right. Also, read below for local stats in the Phoenix metro and let me know if you would like detailed charts on your specific neighborhood!! Denise v/dB
LOCALLY in Arizona, is your community in a Buyers or Sellers market? 100 represents a Balanced Market, with anything above being slanted more towards Sellers. This index has been used with high accuracy since before the market debacle of 2008. If you have real estate in Arizona, you should be aware of this index and plan accordingly. Call or email me if you would like a non-monitored alert set up for your specific neighborhood!
About the Author: Denise van den Bossche has been a licensed Agent and homeowner for over 35 years in the Metro Phoenix Valley. To request a printed market report, home evaluation, consumer guide, or info on your specific market, contact Denise at 602.980.0737 or email Denise@AZMultipleListingService.com. Denise’s husband Patrick is President of Realty Executives International, so if you need help buying or selling homes anywhere in the U.S. or Canada, please call, email or text!
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