[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fu1aq5j5iwl49":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},60696,"the-latest-on-the-luxury-home-market","The Latest on the Luxury Home Market","\u003Cp>Luxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240905-The-Latest-on-the-Luxury-Home-Market-original.png","\u003Cp>Luxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle. And if you're in the market for a million-dollar home, now is an excellent time to explore the thriving luxury market. Here's why.\u003C\u002Fp>\u003Ch4>\u003Cstrong>The Number of Luxury Homes Is Growing\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>The top of the market, or luxury homes, can mean different things depending on where you live. But in general, these are homes that are in the top 5% price range in any area. According to a recent \u003Ca href=\"https:\u002F\u002Fwww.wsj.com\u002Freal-estate\u002Fmillion-dollar-homes-in-america-5f2b4f04\" rel=\"noopener noreferrer\" target=\"_blank\">report\u003C\u002Fa> from \u003Cem>Redfin\u003C\u002Fem>, the average value of those homes has risen to over one million dollars:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“The median sale price for U.S. luxury homes, defined as the top 5% of listings, rose 9% year-over-year to a record \u003C\u002Fem>\u003Cstrong>\u003Cem>$1.18 million\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> during the second quarter.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>That same report goes on to show the percentage of homes valued at a million dollars or more has risen to an all-time high (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240905-There-Are-More-Million-Dollar-Homes-than-Ever-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240905-There-Are-More-Million-Dollar-Homes-than-Ever-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>That means, if this is your desired price range, you have options \u003Ca href=\"\u002F2024\u002F08\u002F12\u002Fare-there-more-homes-for-sale-where-you-live\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">to choose from\u003C\u002Fa>, each with different features and styles.\u003C\u002Fp>\u003Cp>Whether you're looking for the latest designs, like modern kitchens with high-end appliances, exclusive amenities, or enhanced privacy and security, the market that fits this lifestyle is growing.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Your Luxury Home Is an Investment\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>In addition, a luxury home could help you build significant long-term wealth.\u003Cem> \u003C\u002Fem>As the \u003Cem>Redfin \u003C\u002Fem>quote mentioned earlier says, luxury home prices are rising. That may be the reason there are a lot of people investing in luxury real estate right now. \u003Ca href=\"https:\u002F\u002Fwww.luxuryhomemarketing.com\u002Fassets\u002FLMR_NorthAmerica.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">According\u003C\u002Fa> to the August \u003Cem>Luxury Market Report\u003C\u002Fem>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“By the end of July, the overall growth in the volume of sales in 2024 stood at 14.82% for single-family homes and 11.35% for attached homes compared to the same period in 2023.”\u003C\u002Fem>\u003C\u002Fblockquote>","\u003Cp>With more million-dollar homes on the market and prices going up, you have luxury options to choose from and a chance to build significant long-term wealth. Want to see the best homes in our area? Let’s \u003Ca href=\"\u002F2024\u002F08\u002F20\u002Fhow-to-choose-a-great-local-real-estate-agent\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">get in touch\u003C\u002Fa> today.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240905-There-Are-More-Million-Dollar-Homes-than-Ever-original.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},52,"Luxury \u002F Vacation","luxury--vacation",{"id":26,"name":27,"slug":28},323,"Buying Tips","buying-tips","2024-09-05T10:30:00Z","2024-09-05T10:30:28Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},60343,"how-the-federal-reserves-next-move-could-impact-the-housing-market","How the Federal Reserve’s Next Move Could Impact the Housing Market","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240830\u002F20240904-How-the-Federal-Reserve-s-Next-Move-Could-Impact-the-Housing-Market-original.png","2024-09-04T10:30:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},60569,"early-forecasts-for-the-2025-housing-market-infographic","Early Forecasts for the 2025 Housing Market Infographic","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240903\u002FEarly-Forecasts-for-the-2025-Housing-Market-KCM-Share-original.jpg","2024-09-06T10:30:00Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[48,52,53,57,61,65,69,73,77,81,85,89,93,97,98,102,106,110,114,118,122,126,130,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":66,"name":67,"slug":68},9,"Home Prices","home-prices",{"id":70,"name":71,"slug":72},11,"First-Time Buyers","first-time-buyers",{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":78,"name":79,"slug":80},35,"Mortgage Rates","mortgage-rates",{"id":82,"name":83,"slug":84},38,"Move-Up","move-up",{"id":86,"name":87,"slug":88},41,"For Sale by Owner","for-sale-by-owner",{"id":90,"name":91,"slug":92},42,"Featured","featured",{"id":94,"name":95,"slug":96},45,"New Construction","new-construction",{"id":22,"name":23,"slug":24},{"id":99,"name":100,"slug":101},53,"Rent vs. Buy","rent-vs-buy",{"id":103,"name":104,"slug":105},80,"Time-sensitive","time-sensitive",{"id":107,"name":108,"slug":109},81,"Outdated","outdated",{"id":111,"name":112,"slug":113},147,"Internal","internal",{"id":115,"name":116,"slug":117},148,"Do Not Autopost","do-not-autopost",{"id":119,"name":120,"slug":121},320,"Inventory","inventory",{"id":123,"name":124,"slug":125},321,"Agent Value","agent-value",{"id":127,"name":128,"slug":129},322,"Affordability","affordability",{"id":26,"name":27,"slug":28},{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]