The July Luxury Market Report

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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.

July’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.

The luxury real estate market continues to remain strong, due to lower inventory levels, stable pricing, and pent up demand. In some communities and within certain property types there are even multiple offers occurring indicating a surge in demand.

This month, we review “How luxury properties are being sold during the COVID-19 Pandemic” and are joined by:

  • Keith Robinson, NextHome Chief Strategy Officer

  • J. Lennox Scott, Chairman & CEO of John L. Scott Real Estate

  • Jim Walberg, The Bay Area Team for Compass, San Francisco

  • Patrick Ryan, Owner of Genuine Real Estate Corp, Chicago

  • Debbie De Grote, Forward Coaching and Consulting

We review the reason why Brokerages and their agents have had to change their strategies as consumer demand has driven a need to find methods that continue to allow the sale and purchase of luxury properties.

Discover how technology and its advances have facilitated a fairly swift market recovery and how some of these new processes and procedures are benefitting all parties involved.

Understand some of the new procedures that realtors are implementing, while appreciating the importance of working with a professional who knows the local regulations, as every state, county, and board have different rules.

Click here to see the Institute’s full report

A man viewing the interior of a luxury home on his laptop

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!

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