{"id":7782,"date":"2022-06-09T10:00:56","date_gmt":"2022-06-09T10:00:56","guid":{"rendered":"https:\/\/thezakariagroup.com\/luxury-homes-are-in-high-demand\/"},"modified":"2022-06-09T10:00:56","modified_gmt":"2022-06-09T10:00:56","slug":"luxury-homes-are-in-high-demand","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/luxury-homes-are-in-high-demand\/","title":{"rendered":"Luxury Homes Are in High Demand"},"content":{"rendered":"
\n

\"Luxury<\/p>\n

As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia <\/em>helps define what pushes a home into this category. In a recent article<\/a>, they point out that a luxury home isn\u2019t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.<\/span><\/p>\n

According to the Luxury Market Report<\/em><\/a> from the Institute for Luxury Home Marketing<\/em>, there\u2019s been a substantial increase in how many buyers are purchasing luxury homes over the past two years.<\/strong> It says:<\/p>\n

\n

\u201c. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has <\/strong>. . . consistently increased, and<\/strong> even in April 2022, we saw a higher volume of sales compared to 2021.<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n

If you own a luxury home, it could be a great time to list your house<\/a> today while demand is so high. But first, let\u2019s understand where the demand is coming from.<\/p>\n

What\u2019s Driving the Heightened Buyer Demand for High-End Homes?<\/strong><\/h4>\n

The same report says more people have reached a certain net-worth threshold, and that\u2019s contributing to the increased interest in luxury housing:<\/p>\n

\n

\u201cIn 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%. <\/em><\/p>\n

This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022<\/em><\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

So, if you\u2019re looking to make changes to your real estate portfolio or are looking to sell<\/a> your current house, it may be a great time to list<\/a> and benefit from the high demand for luxury homes today.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you own a luxury home and want to know how strong demand is in your area, let\u2019s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn\u2019t only defined by its price. Location is also an important factor. It could be a […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,872],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nLuxury Homes Are in High Demand - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/luxury-homes-are-in-high-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury Homes Are in High Demand - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"As people realize their needs are changing, some are turning to luxury housing to find their dream home. 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