Point2, Saskatoon, Saskatchewan, released an analysis finding that five of the top 10 cities with the highest shares of luxury houses for rent are in California
Tag: Luxury Housing Market
Luxury Home Prices Hit New High; Record Share of High-End Buyers Pay Cash: Redfin
The typical U.S. luxury home sold for a record $1.17 million in the fourth quarter, up 8.8% from a year earlier, according to Redfin, Seattle.
Housing Market Report: Sellers Retreat; Million-Dollar Homes, Affordable Homes Decrease
In today’s housing market reports, Black Knight, Jacksonville, Fla., said sellers continue to back away amid rising interest rates; and Redfin, Seattle, said inventory of homes at both ends of the spectrum have become less available.
Housing Market Roundup: Luxury Home Sales Plummet; Buyers Get Some Leverage Back
Here’s a summary of housing market reports that came across the MBA NewsLink desk over the holidays:
Luxury Home Purchases Plummet 28%
Redfin, Seattle, reported sales of high-end U.S. homes fell 28.1% year-over-year during the three months ending Aug. 31.
Luxury Home Sales See Biggest Decline Since Start of Pandemic
Redfin, Seattle, said sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market.
Record 8% of U.S. Homes Worth at Least $1 Million
Redfin, Seattle, reported a record 8.2% of U.S. homes—six million—valued at $1 million or more in February, up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic.
Late-Summer Home Activity ‘Unseasonably Hot;’ Luxury Home Prices Bounce Back
Redfin, Seattle, said median home prices for the four-week period ending Aug. 9 jumped by 10 percent from a year ago to a record-high $314,000 as the spring home-buying season extended well into late summer.
Homes Sold Above List Price Fall to 3-Year Low; Luxury Homes Pick Up
Zillow, Seattle, said the share of U.S. homes that sold for more than their list price in 2019 fell to 19.9%, the lowest annually since 2016.
Luxury Housing Market Stabilizes in 3Q After Weak First Half
Redfin, Seattle, said average sale prices for luxury homes nationwide rose by 0.3 percent year over year to $1.6 million in the third quarter, marking the first time luxury prices did not drop after three straight quarters of declines.