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Category: Luxury Market

    What To Do with Your Vacation Home as Summer Ends

    By John DeGrood | August 24, 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 vacation this summer, here are... Read More

    Demand for Vacation Homes Is Still Strong

    By John DeGrood | June 24, 2021

    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 into counties with more... Read More

    Why You May Want To Cash in on Your Second Home

    By John DeGrood | June 7, 2021

    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 that sales of... Read More

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

    By John DeGrood | June 3, 2021

    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

    Why This Is a Great Year to Sell Your Vacation Home

    By John DeGrood | April 15, 2021

    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., homes sold to buyers... Read More

    The Luxury Market Is Attracting Buyers in 2021

    By John DeGrood | February 10, 2021

    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 real estate market has... Read More

    How Remote Work Can Power Your Vacation Home Sale

    By John DeGrood | December 7, 2020

    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 home might be someplace other... Read More

    Buyers Are Finding More Space in the Luxury Home Market

    By John DeGrood | October 1, 2020

    A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for... Read More

    Opportunity in the Luxury Market This Year

    By John DeGrood | February 24, 2020

    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

    Depending on the Price, You’re Going to Need Advice

    By John DeGrood | October 22, 2019

      To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each... Read More

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