• Send An Inquiry
I Delmar Real Estate
Advertisement
  • Home
  • Apartments
  • Broker
  • House Sell
  • Investment
  • Property
  • Real Estate
  • Rent
No Result
View All Result
  • Home
  • Apartments
  • Broker
  • House Sell
  • Investment
  • Property
  • Real Estate
  • Rent
No Result
View All Result
I Delmar Real Estate
No Result
View All Result

COULD THE LUXURY CONDO CRAZE RETURN?

Zayn Alison by Zayn Alison
November 19, 2021
in Home
0 0
0
COULD THE LUXURY CONDO CRAZE RETURN?
0
SHARES
45
VIEWS
Share on FacebookShare on Twitter

Many wealthy clients traded in their luxury condos over the past 18 months for more space, privacy, and nature to escape the constraints of a job that they didn’t need to commute to. Others have been waiting to return to the city they love.

The Luxury Market Report last month revealed a trend of wealthy clients returning to urban living. This is likely due to softening of prices and the trickling in listings finally hitting the market after an entire year of low inventory.

Many first-time buyers of luxury homes are joining those who return to urban life, as well as a foreign investors.

What does this all mean for the market as it continues to shift? What are the opportunities this return to city life presents for luxury realty professionals?

Let’s take another look.

BUYER’S AGENTS MAY HAVE LITTLE MORE BREATHING ROOM

It’s nearly impossible for buyers agents to find homes for clients in the past year and a half.

The emergence of luxury condos means that buyer’s agents have the chance to work in urban areas where there is less competition to present an offer.

Even better? You can even make it a specialty if you are a younger luxury real estate agent who is looking to get specialized.

FIRST-TIME HOME BUYERS HAVE THE OPPORTUNITY TO ENTER THE MARKET

Many first-time buyers of luxury homes were priced out of market when inventory was low and the prices were high. This drastically reduced the potential buyers. These buyers may now have an easier opportunity to stake their claim in the top tier, as city property values are declining.

Prices may rise as more people take advantage of the opportunity to sell now. Buyers should move quickly and expect multiple offers. However, there may not have been as much competition for buyers a few months back or on larger single-family homes.

This post was written by a real estate expert from the Dotoli group. Josh Dotoli is Paramount Residences Fort Lauderdale #1 Selling Realtor with nine sales in 2021, 3x more sales than any other Realtor selling in the building. The Paramount Residences enjoys a prime beach area location. It is a Ft. Lauderdale oceanfront condo located across from the beach.

Previous Post

5 Questions to ask your real estate agent 

Next Post

 Sell Your Home to a Cash Buyer in 4 Steps!

Next Post
 Sell Your Home to a Cash Buyer in 4 Steps!

 Sell Your Home to a Cash Buyer in 4 Steps!

  • Trending
  • Comments
  • Latest
Four Important Real Estate Renting Tips

Four Important Real Estate Renting Tips

September 26, 2020
Is Epoxy Resin Sustainable?

Is Epoxy Resin Sustainable?

August 5, 2021
Tips about how to Find Good Apartments

Tips about how to Find Good Apartments

September 26, 2020
Five Key Concepts to Real Estate Investment Riches

Five Key Concepts to Real Estate Investment Riches

September 26, 2020
Reasons Why San Antonio Has Become Popular For Real Estate Investment

Reasons Why San Antonio Has Become Popular For Real Estate Investment

0
An introduction to Selecting Serviced Apartments

An introduction to Selecting Serviced Apartments

0
Factors to consider When Renting an Apartment

Factors to consider When Renting an Apartment

0
Tips about how to Find Good Apartments

Tips about how to Find Good Apartments

0
Reasons Why San Antonio Has Become Popular For Real Estate Investment

Reasons Why San Antonio Has Become Popular For Real Estate Investment

December 29, 2022
How to Make the Most of Your Real Estate Alerts

How to Make the Most of Your Real Estate Alerts

December 27, 2022
Best Practices for Evaluating Purchase Offers While Listing Your House

Best Practices for Evaluating Purchase Offers While Listing Your House

November 24, 2022
How to store power for future extra use?

How to store power for future extra use?

November 12, 2022

Recent Posts

  • Reasons Why San Antonio Has Become Popular For Real Estate Investment December 28, 2022
  • How to Make the Most of Your Real Estate Alerts December 14, 2022
  • Best Practices for Evaluating Purchase Offers While Listing Your House November 15, 2022
  • How to store power for future extra use? November 12, 2022
  • How to Find the Best Apartments for Rent and What to Look At November 10, 2022
  • 5 Different Types Of Garage Doors November 1, 2022
  • 4 Qualities the Best People in the Property Management Industry Tend to Have September 23, 2022

2022

  • + December (2)
  • + November (4)
  • + September (2)
  • + July (3)
  • + June (3)
  • + May (2)
  • + April (4)
  • + March (2)
  • + January (3)

2021

  • + December (1)
  • + November (1)
  • + October (5)
  • + September (2)
  • + August (2)
  • + June (4)
  • + April (1)
  • + March (1)
  • + February (1)
  • + January (1)

2020

  • + December (3)
  • + October (4)
  • + August (5)
  • + July (5)
  • + June (5)
  • + May (5)
  • + April (5)
  • + March (5)
  • + February (5)
No Result
View All Result

Tags

Best places to live in the US long term stay accommodation ekkamai bangkok the river

© 2021 - I Delmar Real Estate - All Rights Reserved.

No Result
View All Result
  • Home 1
  • Send An Inquiry

© 2021 - I Delmar Real Estate - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In