Removing the property tax deduction might slow down
luxury home price increases in high - cost areas but I doubt it would have an impact nationally.
The heyday of
luxury home prices increasing at par with middle class homes seems to be over, according to latest research from Zillow as reported on Forbes.com.
The heyday of
luxury home prices increasing at par with middle class homes seems to be over, according to latest research from Zillow as
Not exact matches
Rising
home prices and
increased demand for high - end real estate has effectively raised the threshold of
luxury to at least $ 5 million.
The Greater Montreal Area posted the country's biggest
increase in detached
luxury home prices in the first quarter, with the median
price climbing more than nine per cent to $ 1,569,515 from the same period in 2017, according to a Royal LePage report released Thursday.
Pricing challenges for
luxury homes also
increase as the
luxury home increases in dollar value and / or in situations where they happen to be located in unique areas with very few other
luxury homes.
For
luxury homes priced above $ 4 million, the expected market time dramatically
increased from 349 to 515 days.
For
luxury homes priced between $ 1.25 million and $ 1.5 million, the expected market time
increased from 88 days to 95.
For
luxury homes priced between $ 2 million and $ 4 million, the expected market time
increased from 181 days to 246 days.