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If you’ve been searching for a high-end home but haven’t found the perfect fit, you might have paused your search. However, recent data suggests that now could be an ideal time to dive back in. Here’s why:

More Luxury Homes Are Available
Luxury homes, typically valued in the top 5% of any market, are seeing an increase in availability. According to the Institute for Luxury Home Marketing, the inventory of luxury single-family homes has grown significantly compared to last year and even last month. This expanded selection means you have a broader range of top-tier homes to choose from, each offering unique features and styles.

Whether you’re seeking the latest design trends, such as modern kitchens with chef-grade appliances, stunning views, or integrated smart home technology, the increased luxury inventory enhances your chances of finding a home that perfectly matches your taste and lifestyle.

Rising Luxury Home Prices Can Build Wealth
Luxury home prices have been on the rise. HousingWire reports an 8.7% increase in luxury home prices over the past year. As noted:

“People with the means to buy high-end homes are jumping in now because they feel confident prices will continue to rise . . . They’re ready to buy with more optimism and less apprehension.”

Purchasing a luxury home before prices climb higher—and while there’s more inventory available—could be a strategic move. As home prices increase, owning a luxury home could contribute to building generational wealth over time. Conversely, delaying your purchase might result in paying more for the same home as prices continue to rise.

Bottom Line
With an increasing inventory and rising prices, you now have a greater selection of luxury homes to choose from and a prime opportunity to invest. Interested in exploring the high-end homes available in our area? Connect with a local real estate agent today.

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