Time To MoveUp And Upgrade Your Current Home

Time To MoveUp And Upgrade Your Current Home

Now’s the Time to Move-Up and Upgrade Your Current Home!

Now’s the Time to Move-Up and Upgrade Your Current Home! | MyKCM

Homes priced at the top 25% of the price range for a particular area of the country are considered "premium homes." In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house.

Much of the demand for housing over the past couple of years has come from first-time buyers looking for their starter home. Many of the more expensive homes listed for sale have not seen as much interest.

According to ILHM’s Luxury Reportthis mismatch in demand and inventory of luxury and premium homes has created a Buyer’s Market. For the purpose of the report, a luxury home was defined as one that costs $1 million or more.

“A Buyer’s Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/or price point.”

The authors of the report were quick to point out that current conditions at the higher end of the market are no cause for concern.

“While luxury homes may take longer to sell than in previous years, the slower pace, increased inventory levels and larger differences between list and sold prices, represent a normalization of the market, not a downturn.”

Luxury can mean different things to different people. To one person, luxury is a secluded home with plenty of property and privacy. To another, it could be a penthouse at the center of a bustling city. Knowing what characteristics mean luxury to you will help your agent find you the home of your dreams.

Bottom Line

If you are debating upgrading your current house to a premium or luxury home, now is the time! Let's get together to discuss your situation and your real estate goals. Call/text today (984) 833-9233. As a token of my appreciation all readers get a complimentary online Instant Home Value Estimate.


Diana Polovko Headshot
Author:
Phone: 984-833-9233
Dated: July 10th 2019
Views: 657
About Diana: My clients are my #1 priority. With honesty, integrity and hard work as the key elements of my busin...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

The What Why For Home Warranties - If you’ve only ever rented,
The Cost Of Renting Vs Buying A Home - The Cost of Renting vs. Buying a
Buyer Demand Growing In Every Region - Buyer Demand Growing in Every
Increase In Home Values 2005 To 2018 -

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Grow Local Realty
140 Raleigh Street
Holly Springs, NC
919-582-7340
919-867-6464

Other Locations