Your Home Sold Guaranteed - Couture Realty Team

Now’s The Time To Move-Up And Upgrade Your Current Home!

When it becomes a buyers market for real estate, it could potentially be a signal that it is time to upgrade your current home. 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. The most important thing is to make sure you are not selling yourself short. As markets change, you may have opportunities to move into a home that has more of what you always wanted. 


If you want to upgrade your current home, Ken Couture is the best realtor in Las Vegas to help you.  Call us at (702) 476-0060 or fill out the form below.

 

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