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
“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.
“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
“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.”