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.
March’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.
This month, we review why “home” has never been so important to the affluent and how luxury real estate experts Coldwell Banker Global Luxury, Wealth-X, and Sotheby’s International agree.
We look at the resilience of luxury real estate, examining the industry’s strength in home values, and review the stock market and whether experts believe price increases will continue to be substantial — or, indeed, sustainable — into 2021.
We investigate Coldwell Banker Global Luxury’s report to understand how they identified four diverse luxury markets — Northern California’s East Bay, Colorado Springs, Fairfax County in Virginia and, King County, Washington — and why they were so significant in identifying with the current trend of affluent home buyers.
Equally important was their research into the much publicized relocation of homeowners out of major metropolises, such as New York, Los Angeles, San Francisco, and Miami in the United States, and Toronto, Vancouver, and Ottawa in Canada. Their findings are intriguing and often surprising.
Discover more about global luxury markets and whether luxury trends identified in North America are also having the same significant impacts.
For homeowners looking to sell or buy 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!