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.
March’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.
This month, The Institute for Luxury Home Marketing (The Institute) reviewed why “home” has never been so important to the affluent and how luxury real estate experts Coldwell Banker Global Luxury, Wealth-X and Sotheby’s International agree.
The Institute looked at the resilience of luxury real estate, examining the industry’s strength in home values, and reviewed the stock market and whether experts believe price increases will continue to be substantial—or, indeed, sustainable—into 2021.
The Institute investigated Coldwell Banker Global Luxury’s report to understand how they identified four diverse luxury markets—Northern California’s East Bay, Colorado Springs, Fairfax County in Virginia and King County, Washington—and why they were so significant in identifying with the current trend of affluent home buyers.
Equally important was their research into the much-publicized relocation of homeowners out of major metropolises, such as New York, Los Angeles, San Francisco and Miami in the United States, and Toronto, Vancouver and Ottawa in Canada.
Discover more about global luxury markets and whether luxury trends identified in North America are also having the same significant impacts.
Get exclusive insights into the upper-tier real estate market in one of The Institute for Luxury Home Marketing’s live or online training sessions. Enroll today!