A “luxury” home is not so much about price tag as it is about quality and customization. At its core, it’s any home that is a step above typical or even high-end traditional homes in the area. So, you don’t have to live in…
Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder…
Ever since the residential appraisal threshold increase passed in November 2019, luxury homes are becoming a safe haven for appraisers. Not only are these homes typically above the new threshold ($400,000), but they are more complex to appraise, making automation difficult, if not nearly…
The luxury segment of real estate is often described as being a minor part of the whole industry, but is readily recognized as being a major influencer in creating real estate trends and providing a barometer to changes for the industry. According to the…
Despite pessimist forecasts in the fourth quarter of 2018, to date, the statistics for the 2019 luxury real estate market report a strong consistency with no dramatic upswings or downswings in sales, inventory, and pricing. Some markets certainly fared better than others, but in…
News media across North America has created its own winter storm regarding the luxury real estate market. Headlines are clashing with each other, from the New York Times claiming that the luxury market is in a funk to BNN stating that it will bounce…
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