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Luxury Housing News

The Mandarin Oriental, Atlanta is at the forefront of trends and technology in luxury high-rise living. Below are links to three noteworthy real estate stories that caught our eye recently.

Redfin: Inventory Shortage Now Impacts Luxury Housing Market by Brena Swanson for HousingWire

Excerpt:

“According to the latest luxury housing market report by Redfin, luxury home prices grew 7.5% in the second quarter of 2017 compared to last year, to an average of $1.79 million.”

Is Now the Right Time to Start Selling Luxury Real Estate? By Kris Miller for Inman.

Excerpt:

“With current inventory shortage, and a highly competitive market, more and more homebuyers are opting for the luxury market – and not simply as a large investment opportunity; these buyers are settling into the homes as a long-term plan and planting roots. We’re talking legitimate luxury homes, which cost an average of $1.65 million and come equipped with all the expected bells and whistles.”

What Luxury Home Builders Consider Worth the Splurge by Katy McLaughlin for The Wall Street Journal

Excerpt:

“What builders consider worthy of including—or excluding—from their personal homes can be revealing. The features deemed “essential” by buyers who earn over $150,000 a year are relatively common comforts, such as laundry rooms and ceiling fans, plus basic “green” features such as Energy Star appliances and energy-efficient windows, according to the results of a 2017 National Association of Home Builders survey of buyers’ home preferences.”