Buyers, you can finally take a breath! Sales in Q3 have not slowed down, however there has been a 74% increase in inventory since the first of the year. Home prices are expected to stabilize with fewer bidding wars as we head into the new year.
Read on for all of the latest details!
What's Ahead for Luxury Sales:
- The luxury real estate industry is poised for a strong finish to 2022.
- Luxury Portfolio International member firms are cautious in the face of the many factors affecting the luxury markets that are out of our control. But even with economic worries, buyers are still interested in purchasing luxury homes and still have a high level of confidence in their personal finances.
- The international buyer segments are slowly returning.
- Growth now and in the future will rely on a strong business community, an influx of affluent populations, and a reputable government that invests in its infrastructure.
2022 Sales Summary
*16 of which are Parc Forêt build-to-suit new construction.
These figures represent sales from 1/1/22 - 10/26/22. Thank you to every single client that has worked with us!