The report is a guide to the luxury real estate market in North America and Flagstaff. It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States.
- This month’s report displays the market statistics for North America AND Flagstaff month over month as well as the 13-month trend.
- Is the demand for luxury real estate back as we head into the spring market?
- We review March’s statistics and compare it to the previous months of January and February to ascertain whether confidence is growing for buyers and sellers of luxury properties.
- But we also recognize that not all markets are equal, nor are all price points seeing the same amount of demand within the same market.
- So how are buyers and sellers meant to understand whether it’s a good time to buy or sell?
- We review some of the key parameters in the current market that will help in the understanding of the true opportunity within a market and why it’s important to look beyond the initial data.
- This month’s report also investigates whether there is another shift coming in a market that has seen a focus on purchasing luxury homes in lower-priced markets as well as property types over the last three-four months.
- We look at four markets in the U.S. and Canada which have seen a substantial increase in sales recently to see what is driving that demand.
- And the results show that it’s not all about price.
- 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.
NORTHERN AZ LUXURY HOMEOWNER ADVICE
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 during the transaction and knows how to leverage technology to provide maximum exposure and assistance.
GET IN TOUCH
It is my responsibility as your REALTOR to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the Flagstaff luxury market effectively to achieve your goals. Contact us at kelly.broaddus@exprealty.com or call 888.446.5602.
Take a look at our latest local City Report:
