Did you know that, internationally, home values have risen 8.4% in the last year? That’s the highest global home value increase since 1995 according to the Knight Frank Global House Price Index. More affluent individuals are looking for places to buy luxury property in the United States than ever before, and according to “The 20 Hottest Real Estate Spots in the World,” an article in the New York Post, the South Bay is one of the top most desired global luxury locations for investors of high net worth.
With so few properties on the market in the South Bay, builders have had to ramp up the luxury home building to accommodate the appetites of investors. In fact, homes are being buil;t before buyers are ever found because builders are so confident that there are buyers ready and willing to take luxury property off of their hands in the South Bay, according to Forbes.com (“With Inventory Tight, Speculative Luxury Homebuilding Heats Up).
Perhaps you’ve been sitting on your luxury property, reluctant to list it because you were unsure of the market. We can assure you that there is no lack of potential buyers for your luxury property. We’re now in a seller’s market and luxury property owners in the South Bay are in a very good position when it comes to putting their home on the market. If you have any questions about listing your South Bay luxury home, we’d be happy to lend you our expertise.