September’s Highlights for Luxury Market Report

• The report is a guide to the luxury real estate market in North America. It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States.
   
• This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
   
• In a continuation of last month’s report, we take a deeper dive into the upcoming trends for the rest of 2023 and early 2024, especially as the market has seemingly settled into a new norm.  
   
• We review the demand, sales and price changes that have occurred over the last 18 months to understand how the market has shifted and why expectations for the luxury real estate market during the rest of 2023 and into 2024 are, for the most part, positive.
   
• Investigating pricing trends, we recognize that inventory is still a major player in helping to maintain current pricing and sales consistency.
   
• However, as we explore demand trends, we are seeing a greater diversification as individual luxury markets become less influenced by national impacts, and more affected by local nuances.
   
• We discover architectural designs set to impact how homes are built and what influences are the driving forces behind these decisions.
   
• We reveal key trends in interior design and how they parallel architectural decisions.
   
• Finally, we share some key trends in smart home technology and how they could improve the quality of our lifestyles.
   
• It is important to understand that the art of selling and buying should always include an analytical approach to truly appreciate the realities, rather than just listening to the market rhetoric.
   
• For homeowners looking to sell or buy their luxury home in today’s market we recommend working with a realtor who can provide you with critical knowledge about your local market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.  

 

As always, if you have any questions don't hesitate to reach out! 
 804-350-0879 | chris@smallre.net | chrissmallgroup.com

------

It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at chris@smallre.net.

If you are looking to begin a home search, visit my website to get started!