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September 2023 Luxury Market Report

Sunday, September 17, 2023   /   by Annie Junker

September 2023 Luxury Market Report


The latest news from The Chris Small Group...
Don't have time to read the message? Click the photo above for the report!

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

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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!

UNDER CONTRACT!  
2600 East Grace Street #2
Church Hill
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ACTIVE!  
2412 Kensington Avenue
Open 9/17, 1-4 pm
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ACTIVE!  
1021 Park Avenue

Fan District
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SOLD!  
640 Walsing Drive

Mooreland Landing
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Additional resources
 
We are select partners with REALM and Leverage Global Partners. What does this mean for you as our client? If you are looking to relocate or buy a second home in an entirely different city (or on a different continent!), Small and Associates has you covered. As a member of these exclusive networks, we work with other like-minded agents and to put you in touch with the right REALTOR® outside of the Central Virginia area. If you or someone you know has been considering a unique move, let us be your guide.
 
To learn more, click the links below:
 
In addition to being a partner to two exclusive global networks, I am a proud member of the Institute for Luxury Home Marketing and am a Certified Luxury Home Marketing Specialist. This means that I will market your property to the highest standards with access to the latest trends in the industry. I am the only Real Estate professional in the Central Virginia area with this designation!
Are you interested in buying a second home but, aren't ready to fully commit to another property? As a part of our partnership with REALM, we can direct you to properties all over the world with Pacaso. Pacaso is Luxury Co-Ownership where you have the ability to  own a second house for 1/8 of the cost. Click here to learn more and to start shopping!
Are you looking for your own slice of "La Dolce Vita"? Small and Associates has the connections to make it happen. We have personal contacts with firms in Italy and would be happy to help with your home search and make an introduction!
Client Testimonial: Click the link below to hear from Sarah Merriman, a client of Chris Small. Thank you for your kind words Sarah! It's always been an honor to help you with your Real Estate goals.
Client Testimonial from Sarah Merriman
The Chris Small Group at Small and Associates
At The Chris Small Group, we embrace today's dynamic Real Estate market with fresh and strategic approaches to deliver optimal results. Our mission is to craft customized marketing plans that align precisely with the current market landscape. We commit to delivering exceptional outcomes that resonate with trends and buyer preferences. With our unmatched understanding of market dynamics, we ensure our clients' homes stand out and captivate potential buyers. Trust our expertise to maximize your property's exposure and generate genuine interest. Choose The Chris Small Group and experience the transformative power of our innovative and market-savvy approach in today's evolving real estate landscape.
A Story of a Sale: 1107 Grove Avenue
Chris Small, Broker | Owner
Luxury Real Estate Specialist

804-350-0879 | chris@smallre.net
chris.findahomerichmond.com
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3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

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