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Previews® Luxury Market Report Fall 2013

As Coldwell Banker Previews International® enters the final quarter of 2013, the word "vibrant" comes to mind.  The latest Previews® Luxury Market Report has shown that there is tremendous energy for luxury real estate, both in the United States and abroad.  Here are some of the highlights of what's inside the report:

  • Luxury Consumer Survey – Released early, a survey conducted by Previews® and the Luxury Institute found that most affluent consumers today own at least one home and express confidence in the value of owning real estate. While location is still the most important deciding factor in a home purchase, one in five affluent consumers also said that they are not limited by geography and have the freedom to purchase a property that truly fits their lifestyle.
  • Previews Top 20: ZIP Codes and Cities for Luxury Sales and Listings – This year, Previews expanded coverage of the top cities and ZIP codes for the highest number of active luxury home listings and closed sales in three price points: $1,000,000+, $5,000,000+ and $10,000,000+. No surprise—New York ranked No. 1 among cities for both active luxury listings and closed sales in all three price categories. However, established metropolises Chicago, Washington D.C., Boston and Atlanta gained momentum this year in the luxury sector.
  • Domestic Spotlights – The Luxury Market Report took a closer look at two top luxury markets: Aspen and New York. Today, Aspen ranks consistently among the top U.S. markets for property sales and listings valued at $5,000,000+. The mountain town also ended up ranking No. 4 in the U.S. for closed units over $10,000,000 on the Previews Top 20—showing Aspen’s maturation as a year-round affluent cultural destination. In New York, the Manhattan marketplace continues to be bullish. Robust sales activity, price increases and a shift in the balance of market power to sellers are all a part of the dynamics at play here this year. Clearly, affluent buyers are still very much in a New York state of mind!
  • International Spotlight: Italy – Moving across the pond to one of the most romantic destinations in the world just became even more appealing; Italy experienced a decrease in home prices this year. The combination of lower prices and what appears to be the start of a gradual price correction has created a window of opportunity.  But then again—how much of a window does one really need to live la vita bella?

There is much more to explore in the Fall 2013 Luxury Market Report...download it below.  

Comments

October 7, 2013 @ 7:55 am
Thanks you
October 7, 2013 @ 8:59 am
Thank you!99988588
October 7, 2013 @ 9:15 am
I love to know about what is the top cities
October 7, 2013 @ 11:37 am
The report is great!
October 8, 2013 @ 6:52 am
Great information.
bob
October 9, 2013 @ 8:57 am
wow
October 9, 2013 @ 9:20 am
I love to know about the top 20 luxury cities
October 9, 2013 @ 9:15 pm
Some things have changed. California was once worth much more. I wonder if these luxury neighborhoods will seem so rich in five years. Heck, in five years will any of us recognize this place? Sorry to tell you, but the recession continues my friend. Lots of people that once were rich are now just middle class. And the middle class... How will it all end?
October 10, 2013 @ 4:57 am
love to have your report
October 10, 2013 @ 4:34 pm
Thought provoking Report with interesting Stats--Merci!
October 10, 2013 @ 6:09 pm
Commenting Monsieur's Kuluani's comments-----Inspite of waning Super Power Status, there are still more billionaires and millionaires here than any country in the world--Moreover, the recent economic report indicated, that the affluent class was getting richer, while the middle class was getting poorer------The Affluent class is impregnable to all the economic calamities, thus DEMAND FOR PREVIEW MARKET WILL CONTINUE TO BE HIGH@
October 15, 2013 @ 2:22 pm
Not sure how I got on this list but I am glad I was. Interesting to see the swing in affluent buyers that want more technology in their homes. I knew it was coming but it's already here. Great to see that! Thanks, Dawnmarie
October 27, 2013 @ 5:30 pm
What other company does this...? None. Again, top marks Coldwell Banker! The Stats and Stories locally, national and internationally are a big A+. Whether you are in the industry or a consumer --- this is priceless.

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