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. 

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  • This month’s report displays the market statistics for North America AND Flagstaff month over month as well as the 13-month trend.
  • Over the last 2.5 years, the state of the luxury real estate market has become one of the hottest topics discussed in news outlets, multi-media platforms, and within the industry itself.
  • We discover and analyze the biggest story currently seeing the most attention –plunging sales volume.
  • We reveal why there is room for more optimism for the spring market and what current February stats are indicating might be the start of an upward trend for sales.
  • New York and San Francisco are just two markets reporting upticks in sales, but equally markets that offer more affordability or potential price growth are seeing increasing demand.
  • Appreciate why inconsistency in demand, pricing and sales should be expected this year, as well as the return of some old favorite trends are likely to go hand-in-hand with new preferences.
  • We review the type of potential buyers who may become the main drivers of sales this year, and why it’s important to understand how their demands will play out in their choice of locations and property types.
  • Understand why smart technology in conjunction with sustainability and luxury amenities are so highly valued, especially as the affluent continue to look for homes that provide physical and mental well-being as well as privacy and security.
  • 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:

 

What is the value of your Flagstaff Home?

February 2023 Luxury Market Report for North America & Flagstaff