Also decreased was the number of withdrawn listings
(21%) and expired listings (19%).
Expired
and withdrawn listings accounted for 35% of luxury homes listed in Q2/12, down
from 47% in the same period 2011.
However, closings are up 25% compared to Q2/11 with
25 of them being over $1 million. A 19%
increase to the same period 2011. New
home inventory of luxury homes is down and accounts for only 10% of the
segment, compared to 2007 where it accounted for 51%.
This is good news for sellers of luxury resale luxury homes! There is still quite a bit of competition in
this market segment, so sellers really have to be strategic about pricing,
showing condition and marketing strategies.
Take a look at current Active listings in your area to see
how your home compares. If you would
like a detailed market analysis give us a call at the Don Johnson RealEstate Team to learn more about our Luxury Home Marketing Services. 919-473-3578
Take a look at the current inventory of luxury homes
in the Triangle area.
Chapel Hill Luxury Homes for Sale
No comments:
Post a Comment