by Dan Krell © 2013
Luxury real estate brokers throughout the country are signaling that there is an increased interest in luxury home sales. An Austin TX broker, Regent Property Group, reports a 75% month over month increase. While in Colorodo, reports that the market segment has sales increases of 19.5%. And it is no surprise, as the upscale market has reportedly rebounded quicker than other sectors.
Local upper bracket markets in Chevy Chase and Bethesda have also revealed increased home sales, as well as average home sale prices. A survey of local agent responses to local media in the Bethesda and Chevy Chase area indicate an increased positive attitude toward luxury properties as well as increased activity.
And although there is a plethora luxury homes for sale in the Montgomery County area, home buyers are voicing that they are frustrated about either not finding what they want, or being confronted with heavy competition by other buyers.
Leading the way for luxury sales is new home builders. New homes offer custom features that buyers are seeking.