If you’re interested in buying or selling a luxury home in the near future, it’s always good to be aware of market trends and interesting facts. That’s why we’ve compiled a short list of 5 facts that might help you if you’re invested in the luxury home market, or are looking to be.
1. The Median Price of a Home of Luxury Design? $1.44 million
While the median price is quite high, the average price of a luxury home with modern elements is less, falling at $975,000. That means that the curve jumps as homes get higher and higher priced, but you will be able to find a home suited to your budget if you don’t have a million and a half lying around.
2. Most Luxury Homes Are Sold At Less Than 220 Days On The Market
Despite stories of never being able to sell a high-priced luxury home, such as one with a whole home makeover and kitchen remodeling (in other words, Continue Reading