Institute for Luxury Home Marketing Report for 2020

Institute for Luxury Home Marketing Report for 2020

In a snapshot of 2020, despite the devastating effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’ predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the pandemic.

However, by the end of the 2nd quarter, demand had rapidly changed with luxury homeowners purchasing properties in suburban and exurbia communities that afforded them privacy, security and space which was true for Napa and Sonoma. This change was as immense as it was rapid – turning many locations into seller’s markets for certain price points.

https://www.luxuryhomemarketing.com/assets/LMR_NorthAmerica.pdf

 




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