The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States.
April’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.
We take a look at the first quarter of 2021 to review the luxury real estate market and if the growth in this market will continue or start to level off after an extraordinary latter half of 2020.
Many market analysts and industry experts are predicting that current sales cannot be sustained indefinitely, but they are also not expecting a decline in price points during 2021. What has shaped these predictions and why are last year’s statistics so important in understanding the market in 2021? We explore the changes in the topics that are currently dominating conversations between luxury real estate professionals and their buyers.
All homes now need to provide a multi-functional space for their residents. Whether it’s a large single family home in the countryside or a penthouse in the inner city, the aspects of health and wellness have taken center stage for many decisions being made in the luxury real estate market.
We review innovative functionality and repurposing of space in both attached and detached homes, but with a bigger eye on how builders, developers, and designers of properties in metropolitan cities are starting to change the landscape of their luxury residential buildings.
For homeowners looking to buy or sell their luxury home in today’s market, we recommend working with a luxury real estate professional who can provide you with critical knowledge about your local market, maintain a high level of security and safety during the process, and who knows how to leverage technology and strategies to provide maximum exposure and assistance.Get exclusive insights into the upper-tier real estate market at one of The Institute for Luxury Home Marketing’s live or online training sessions. Enroll today!