COASTAL MARKET FORECAST

Ultra Luxe Market Analysis

Despite a flattening of the upward trend, the past three years have seen a historic spike in luxury transactions, both in the $1 million - $1.99 million and $2 million+ ranges.

As we embark upon the beginning of the coast’s busier selling season, we are certainly light on inventory and expect sell through numbers to remain very high Interest rates will play an important role in the next 3-6 months, particularly in the $1m and under price category.

Rising home prices have expanded the luxury market and the demand for luxury homes has steadily increased. High end real estate has become more a prominent portfolio diversification tool and the current interest rate volatility does not seem to be effecting trends in the upper end of the market. The limited inventory in high demand areas will also contribute to a period of price stability.

These results are similar to what is happening elsewhere in North Carolina Financial markets continue to see levels that are three times greater than ten years ago, and luxury real estate continues to not only remain a stable investment, but one in which owners have multiple options in the case of secondary and investment properties

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