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. 

DOWNLOAD THE LUXURY REPORT

  • This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
  • We review why the North American luxury real estate market remains favorable to sellers despite increasing inventory, although buyers, especially those with cash are gaining more opportunities and negotiation leverage.
  • Understand how increased inventory, a stable economy, interest rates and stronger stock market have boosted affluent buyer confidence.
  • A slight decline in the median sold price over the last 8 months is potentially signaling a downward pressure on prices or this just a result of a greater quantity of lower-priced luxury homes selling?
  • Will the luxury market benefit from the falling mortgage rates helping sellers who have been hesitating to get off the fence?
  • We review the preferences of buyers and why it’s important that sellers understand these key metrics if they are looking to sell this fall:

o Location

o Customized and Personalized Homes

o Innovation

o The Home “Experience”

  • The 2024 luxury real estate market is defined by cutting-edge technology, personalized living spaces, and wellness-focused amenities. As buyer preferences evolve, these features are shaping modern luxury living. 

 

 

Take a look at our latest local City Report:

 

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.

What is the value of your Flagstaff Home?

 

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.

 

 

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