Learn the California Luxury Home Market

 


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Trying to sell homes in the luxury market? Selling homes in the California luxury market is unlike any other real estate market. It caters to some of the most wealthy; those with high pay scales who want top-end amenities, and plenty of them!

People investing in luxury homes are, predominantly, not affected by the rising interest rates-something other home buyers will be considering. As a matter of fact, the luxury home market is doing very well and there has only been a slight lowering of sales on the lower end luxury market.

People buying luxury homes are looking for something a cut above, and they want the amenities in the home to reflect the leisurely lifestyle they are living. These buyers have specific requirements in the homes they buy, such as elaborate security systems, gourmet or designer kitchens, home theaters which seat six or more and even wine cellars. They also are willing to do extensive remodels on their current homes and property to raise the value. They want furniture and décor to match their lavish lifestyles and in addition they own expensive cars and jewelry.

The families moving into high-end luxury homes are looking for comforts that reflect a lifestyle of wealth and leisure. They are looking for exclusivity and want homes with private country club access, golf course or tennis clubs. Since buyers in this market are traditionally families with incomes upwards of $500,000 per year, they are more likely to pay attention to lifestyles which afford them personal attention and provide recreational priorities.

Many have traveled internationally and a large percentage of those will have traveled first class or by private jet. They desire shopping in boutiques which accommodate the homeowner who has everything.

Those buying in the luxury home market are also likely to be looking for or may already own a second home. Second or vacation homes are a priority for this market. They desire homes in Aspen or Taos and want to reside in a community spells culture and refinement.

Million dollar home owners are often younger baby boomers who work for large companies and earn around $500,000 per year or more. They care about health and recreation and many treat themselves to spa visits regularly.

Rising interest rates and top dollar prices are not deterrents for luxury home buyers. They want the best and are willing to pay for luxurious amentities for the unique home they desire.

Alexis Hunter is the Marketing Director for The Morel Group which specializes in Fine Rancho Cucamonga Homes . The Morel Team Marketing Experts spare no expense in showcasing your property and bringing focus to the uniqueness and beauty of your home.

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