October’s Highlights for Luxury Market Report

  • The report is a guide to the luxury real estate market in North American. 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 month over month as well as the 13-month trend.
  • We review the status of September’s market as this month is usually a good barometer of the direction of the market for the next few months.
  • Initial review shows a slower market, but while the key indicators would suggest we are moving towards a buyer’s market, the statistical data still holds that we are in a seller’s market.
  • So, why does the current market not feel favorable to either buyers or sellers, in reality?
  • We investigate why this market is acting differently from traditional norms, what are the influences both within the market and from outside forces.
  • We review which properties are thought to be better investment returns or in greater demand by affluent purchasers.
  • And why, over the long term, real estate offers one of the most consistent ways to see a good return.
  • 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.
  • 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.