High-end investors and luxury homeowners are smiling right now because they know that at the end of the day, this top tier market is the place to be. Headlines continue to confirm that the luxury real estate market is outperforming all other sectors of the housing market currently.
According to a recent Investors Business Daily news report, several agents are reporting increases in sales prices as a result of shrinking supplies and multiple offers, especially in sought-after areas such as Beverley Hills. Value is returning to mega-mansions in these desirable U.S. neighborhoods, and domestic and foreign buyers who have been patiently waiting are now making their move.
“And consumer confidence, while variable lately, is at least higher than it has been most of the past three years. Against that backdrop, higher-end buyers have started pulling out the checkbook.”
The high-end real estate market is not only seeing more action, it is literally driving the nation’s housing recovery. Buyers and sellers looking to make their own moves can call on the experienced agents at Hurwitz James Company, who specialize in multi-million dollar sales all over the world. Contact the Hurwitz James Company office in Beverley Hills at 888-681-5902.
Even with a price tag of $78.8 million, the Bradbury Estate, currently listed with Hurwitz James Company, is not expected to remain on the market too much longer.