While the rest of the real estate market is distinctly geared towards sellers—high demand and low inventory make for ever-increasing home prices—this section of the market doesn’t apply towards luxury or premium properties. In fact, the luxury home market (homes priced at $1 million and up) is a buyer’s market.
Over recent years, an influx of first-time home buyers and those seeking affordable properties has dominated the market. The demand for luxury properties is far lower.
What Does this Mean for Home Buyers?
If you’ve been wanting to upgrade your home—trade it in for something in the luxury market—now is the time to do so! In fact, if you negotiate correctly, you stand to make an amazing deal on a luxury home.
The truth is that demand for luxury homes has grown very slowly over the years. This isn’t to say that the market is taking a downturn—if anything, it is simply returning to normal.
What’s the Best Way to Upgrade My Home in the Triangle?
It all depends on what exactly you’re searching for! Raleigh, NC and the greater Triangle area are full of stunning luxury homes and premium properties. Whether you’re looking for a new construction paradise with acres of land to roam, or a unique estate-style home in a sought-after neighborhood like Five Points, Raleigh has something for you.
The real estate market here is as diverse as the population! Here at Linda Craft & Team REALTORS®, we have the resources you need to find exactly what you’re looking for.
Plus, at the end of the day, the best way to upgrade your home is to listen to your heart. What home features have you been dreaming of? What kind of home—location, amenities, design—will get you on the path to living your very best life?
These are the questions you need to answer, and our team would love to be there to help you along.
Let’s Work Together to Upgrade Your Lifestyle
Raleigh is full of opportunity. Let’s explore it together! Use our home-search tool and our free buyer resources to become better acquainted with the Raleigh real estate market–and discover your dream home today.
Have any questions? We’re just a phone call away.