Wealthy billionaires are paying millions in Palm Beach real estate frenzy

The ultra-rich community of Palm Beach, Florida, saw prices hit an all-time high in the second quarter as the number of mansions for sale fell to a record low. Palm Beach saw its median price for a single-family home hit a whopping $11.7 million at the end of the quarter. That’s up 38% from one […]

The Most Luxurious New Construction Condo Developments in the U.S. Right Now

Residential construction in the U.S. has slowed a bit in 2019, which isn’t exactly great timing considering housing affordability is at its lowest point in about a decade. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these […]

YouTube influencers helping agents to sell luxury homes

YouTube influencers are shining a spotlight on luxury real estate, with videos that offer a closer look at some of the mansions of the ultra wealthy. This new trend for focusing on high-end properties has improved YouTube’s status as an “important marketing channel for even the most privacy-obsessed home seller”, the Wall Street Journal reported. […]

Luxury homeowners are paying thousands to find that perfect “trophy tree”

The rich and wealthy are paying hundreds of thousands of dollars to find that perfect tree for their home

Beverly Park home sells at auction for record price of $51M

A 28,600-square-foot, Italian-inspired mansion in Beverly Park, Calif., has just gone under the hammer for a whopping $51 million, making it the most expensive home ever sold in a U.S. auction. The buyer of the Villa Firenze also made an additional deal for the home’s furnishings, bringing the total transaction amount to $60 million, the […]

The true cost of luxury homes is much higher than the price tag

Luxury home buyers are racing to snap up supersized homes with extra upgrades and tons of amenities, but many are at risk of going over their budgets as they do, experts say. The danger, according to Mari Adam, a certified financial planner with Mercer Advisors in Boca Raton, Fla., is that people can buy real […]

Luxury home demand rises faster than other sectors

Wealthier Americans are upsizing their homes even though the economy struggles amid a never-ending COVID-19 pandemic. A report in Bloomberg last week revealed that demand for multi-million dollar homes is soaring, with prices rising faster than other segments of the real estate market. Applications for mortgages larger than $766,000 were up 59% year over year […]

Top Locations for Luxury Homes in the US

If you’re in the market for a luxury home, a good way to start is to do some investigation about areas that most appeal to you. There are numerous well-known places you can choose from, and you’ll often find many of them feature a proximity to water. This makes sense when you consider the beautiful […]

Luxury condos are offering access to doctors as an amenity

Some luxury condo developers have found a new hook for buyers with the offer of wellness programs for residents that provide exclusive access to doctors. Wellness has long been a feature of luxury developments, but in recent months with coronavirus on everybody’s lips, it has been given much more focus. Now, the developers of Ritz-Carlton […]

Luxury home sales have doubled in the last 12 months

While home sales have increased in every price bracket since the COVID-19 pandemic began, they’re rising much more quickly at the upper end of the market. Indeed, sales of homes valued at $1 million or more have doubled since last year, causing National Association of Realtors chief economist Lawrence Yun to comment that this is […]