Are you following these trends in luxury homes?

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On a(nother) dreary Saturday morning, let’s take ourselves away and look at trends in luxury home sale listings.  This table shows the changes in terms used in listings of luxury homes (those listed at 4 or more times the median price for their area) from 2012 to 2013 according to Trulia.

Overall, the trend shows increased emphasis on “expansive windows, great views and fitness amenities” and away from “indoor cooking and eating.”

First the terms on the increase:

Source: Trulia Trends Luxury defined as houses priced at four or times median price for area

Source: Trulia Trends
Luxury defined as houses priced at four or times median price for area

And now the declining trends:

Source: Trulia Trends

Source: Trulia Trends

Here’s the full article Home Luxuries:What’s In, What’s Out

 

If you  – or somebody you know – are considering buying or selling a home – luxury or otherwise – and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty
Affiliates LLC.  Each Office Is Independently Owned and Operated

 

 

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