{"id":2277,"date":"2019-07-24T12:43:01","date_gmt":"2019-07-24T16:43:01","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=2277"},"modified":"2019-07-25T10:45:33","modified_gmt":"2019-07-25T14:45:33","slug":"luxury-homes-see-a-robust-increase-sales-over-2018","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2019\/07\/luxury-homes-see-a-robust-increase-sales-over-2018\/","title":{"rendered":"Luxury Homes See a Robust Increase Sales Over 2018"},"content":{"rendered":"
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This spectacular Contemporary Craftsman home, in Shelburne, was carefully designed by renowned architect Marcel Beaudin to take in stunning views of Lake Champlain! | MLS# 4755150<\/a><\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Luxury Homes<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Units Sold:<\/td>Days on Market:<\/td>\n<\/tr>\n
$990,000 (-1.4%)<\/td>29 (+70.6%)<\/td>120 (-46.7%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Across the country, the luxury home market<\/a> has stabilized with the median sale price remaining near $1.4 million. Nationally, analysts agree, the luxury market\u2019s slowdown is related to world trade activities and geopolitics. Affluent investors coming from countries with political and financial uncertainty still find North America to be a highly desirable destination although demand is softening. Vermont\u2019s housing market, in general, has not been impacted by foreign investors for good or bad. Locally, the sales of luxury homes* has continued to grow.<\/strong><\/p>\n

\"\"After an increase of 4% in total sales in 2018, the number of luxury homes sold in the first half of 2019 jumped 70.6%. The number of homes for sale during the same period dropped 15% over 2018 and dropped nearly 28% in 4 years- meaning the inventory of homes continues to be absorbed by the market. The DOM (days on market) for the Luxury homes sold so far in 2019 is only 120 days- or 4 months. Homes in need of renovation may stay on the market for considerably longer as today\u2019s buyers search for turn key options to suit their lifestyle.<\/p>\n

According to \u201cThe Report \u2013 State of Luxury 2019\u201d published by Coldwell Banker Global Luxury<\/a>, \u201cpreferences for tangible features of a home such as architecture and interior design vary from person to person, but the essence of what wealthy buyers seek in a luxury home is a sanctuary that promotes their security, serenity, and overall well-being\u2014whether the property is a gated beachfront home, an urban pied-\u00e0-terre, or a working winery sprawled across hundreds of acres. Compared to other asset classes like stocks and bonds, high-end real estate<\/a> is unique in that it provides not only an investment, but also security, comfort, and enjoyment as a place to live.\u201d On a local scale, the luxury homes sold since January 2019 reflect these qualities \u2013 homes on Lake Champlain<\/a>, properties close to downtown and country properties with views and acreage.<\/p>\n

*Luxury is defined as homes sales at or above $850,000<\/em><\/p>\n

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Across the country, the luxury home market has stabilized with the median sale price remaining near $1.4 million. Nationally, analysts agree, the luxury market\u2019s slowdown is related to world trade activities and geopolitics. Affluent investors coming from countries with political and financial uncertainty still find North America to be a highly desirable destination although demand … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2277"}],"collection":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/comments?post=2277"}],"version-history":[{"count":4,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2277\/revisions"}],"predecessor-version":[{"id":2323,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2277\/revisions\/2323"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=2277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=2277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=2277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}