Luxury Market Archives - Let's Talk Real Estate

Luxury Market

What To Do with Your Vacation Home as Summer Ends

August 25, 2021

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last...Read More

For Sellers, Luxury Market, Move-Up Buyers

Demand for Vacation Homes Is Still Strong

June 25, 2021

by Mark Sincavage

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The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and...Read More

For Sellers, Luxury Market, Pricing, Selling Myths

Why You May Want To Cash in on Your Second Home

June 8, 2021

by Mark Sincavage

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When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported...Read More

For Sellers, Luxury Market, Pricing, Selling Myths

Dreaming of a Bigger Home? Why Not Buy It This Year?

June 4, 2021

by Mark Sincavage

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Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their...Read More

For Buyers, For Sellers, Interest Rates, Luxury Market, Move-Up Buyers, Pricing

Why This Is a Great Year to Sell Your Vacation Home

April 16, 2021

by Mark Sincavage

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As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports: “Second homes (i.e.,...Read More

For Sellers, Housing Market Updates, Luxury Market

The Luxury Market Is Attracting Buyers in 2021

February 11, 2021

by Mark Sincavage

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As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury...Read More

For Buyers, Housing Market Updates, Interest Rates, Luxury Market, Move-Up Buyers

How Remote Work Can Power Your Vacation Home Sale

December 13, 2020

by Mark Sincavage

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This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from...Read More

For Sellers, Housing Market Updates, Luxury Market

Opportunity in the Luxury Market This Year

February 25, 2020

by Mark Sincavage

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Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from...Read More

For Buyers, Housing Market Updates, Luxury Market, Move-Up Buyers

2020 Luxury Market Forecast

January 14, 2020

by Mark Sincavage

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By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is...Read More

For Buyers, Luxury Market, Move-Up Buyers