The Institute’s Luxury Market Report is your guide to an analysis of the trends and comparative data on the top-residential markets throughout Canada and the United States.
February’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.
We review whether any new trends really emerged at the stroke of midnight on December 31st, 2021! – or whether it’s more likely that trends tend to slip seamlessly from one month or one year to another.
Last year we saw some dramatic patterns emerge, causing unexpected impacts. Still, experts have been predicting that 2022 will see a calmer market with trusted trends returning… how is it possible to be this certain?
However, we recognize this does not mean that we will not keep some of the 2021 trends, or even ones created in 2020, including strong demand and inventory level impacts for luxury properties.
We analyze what the last three to four months’ data is presenting to ascertain the type of market we may expect this spring.
We also take the time to appreciate how the luxury market is turning over a new leaf – not so much with respect to demand and price, but through the affluent’s diversity and priority choices.
Discover how the decisions of the affluent will influence the luxury real estate market in 2022, from location choice, property types, ownership, and amenity choices.
Why are diversity, sustainability, and environmental issues so important within the luxury industry, and what factors may still make a real impact and/or might change the picture in 2022?
It is important to understand that the art of selling and buying should always include an analytical approach to truly appreciate the realities rather than just listening to the market rhetoric.
For homeowners looking to sell or buy their luxury home in today’s market, we recommend working with a realtor 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!