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Market Update: Phoenix AZ

Looking at the latest luxury real estate market report for Phoenix Arizona, it is evident that the summer months have seen an increase in activity since this time last year, with no summer slow-down! In fact, it is quite the opposite.

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Market Update: Northern California

Areaa Global’s most recent Market Update featuring Northern California takes a look at the current real estate trends within each center, focusing on San Francisco and including Silicon Valley, Central Valley, Sacramento, and Lake Tahoe.
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Market Update: Toronto, ON

Looking at the latest luxury real estate market report for Toronto, Ontario, it is evident that July has seen an increase in numbers across the board in comparison to this time last year.

According to the latest statistics by the Toronto Regional Real Estate Board, there has been a definite increase in the average selling prices, number of transactions, and new listings on the market since July 2019. A strong “Seller’s market” is at play, with plenty of buyers and limited inventory.

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Market Update: Colorado

The latest “Mid-Year 2020” Micro Market Reports released by LIV Sotheby’s International Realty outline Colorado’s main luxury real estate markets from January through June 2020. Looking at the latest luxury real estate market reports across Colorado, it is evident that COVID-19 restrictions and distancing guidelines have affected markets in varying levels across the state. 

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Market Update: Santa Barbara & Montecito, CA

Looking at the latest luxury real estate market report for the area of Santa Barbara and Montecito California, it is evident that the number of days on market has decreased since the last quarter. 

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Market Update: Seattle, WA

Looking at the latest luxury real estate market report for the Seattle Washington area it appears to be an overall seller’s market throughout the 2nd quarter, according to the latest statistics from Realogics Sotheby’s International Realty

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Market Update: Vancouver, BC

Looking at the latest luxury real estate market report for Vancouver, BC, it is evident that a steady increase in home sales and listing activity continued through the month of June, according to the Real Estate Board of Greater Vancouver.

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A New EXCLUSIVE Advertising Opportunity For Agents and Brokers

Looking to Gain Exclusivity? We are offering only one Agent the exclusive marketing rights in your market area on our NEW sister site, LuxuryRealty.com. This is your opportunity to become the geographic exclusive partner on LR and showcase yourself, your listings, and the market you are the expert in.

By joining our network of luxury associates you gain exclusive marketing rights to your area. We feature only one Agent or Broker per area to ensure exclusivity and give you the competitive advantage you’re looking for.

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The Era Of Virtual Selling Has Begun

Selling virtually is the new normal. We are here to help. The team at Luxury Homes Digital (LHD) has developed a new application for presenting your listings, virtually. A recent survey from Matterport shows the ability to supply virtual touring options to sellers and buyers is necessary.  A notable 55% of respondents would be willing to purchase a home sight unseen if a 3D tour was present. Even more important, almost 80% of respondents said they would even switch realtors to one that offers 3D touring services as a sales tool.

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Coronavirus Impacts on Luxury Real Estate

While various industries across the globe come to a halt amid the recent coronavirus outbreak, the world of luxury real estate goes on. Impacts can start to be felt in luxury real estate, with sevarities varying from region to region. Real estate markets worldwide attempt to anticipate and brace for glooming economic impacts of the ongoing pandemic on the industry. And agents look to adapt to changing client behavior and government regulations. In these uncertain times it is hard to say what the future impacts of the coronavirus will bring on the world of luxury real estate, but rest assured market analysts are watching closely to keep us informed.

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Market Update: Edmonton, Alberta

(288 52327 Rge Rd 233 Edmonton, Alberta)

Edmonton, Alberta’s first quarter market report was a positive start to 2020. March began with overall residential unit sales up by 8.3% in comparison to this time last year according to a recent report by the Realtors Association of Edmonton, and the amount of new on market listings was up 4.21%.

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Undeveloped Caribbean Island For Sale

Calling all island daydreamers and daring developers! Has your life long dream been to own and transform your own Caribbean beach escape? Situated perfectly among the British Virgin Islands, a serene island haven of glimmering turquoise waters, soft white-sand beaches, and gently swaying palm trees is awaiting its next owners. 

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Villa Vista – Port Royal Estate

Named after stunning unobstructed ocean views, Villa Vista is nothing short of breathtaking! Situated perfectly along Florida’s Gulf of Mexico, this one of a kind Naples estate offers over 300 feet of white sand beaches and stunning west facing ocean views. Listen to the lap of sparkling turquoise waters, embrace the misting sea breezing in from off the ocean and watch the palms sway among landscaped gardens. Debuting for its very first time ever on the market at $65,000,000 USD, this world-class Gordon Drive estate is not one to be missed.

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Paris, Berlin & Miami Predicted to see Biggest Price Growth in 2020

Anticipated by supply, demand, sales trends, and economic and social indicators, Knight Frank’s latest Prime Global Forecast outlines the estimated real estate market outlook for 2020. Drawing knowledge from this, real estate in Paris, Berlin and Miami can be expected to experience the largest price growth over the next year, compared to other top performing cities across the globe.

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Market Update: The Woodlands, TX

(39 Grand Regency Circle – The Woodlands, TX)

While taking a look into the 4th quarter Real Estate Market Report for The Woodlands, TX, it seems that prospective buyers may be in favor as we progress through the later winter months. Prospective buyers from across the state, country, and world could expect a drop in current market prices, as well as plenty of selection while browsing homes within the area. The Woodlands long-term economy is also predicted to grow, creating an even bigger incentive to purchase within the already desirable community.

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The Hotel Georgia Penthouse, Vancouver BC

Incomparable to anything across the entire Pacific Northwest, the Hotel Georgia Residences penthouse offers the ultimate in sophisticated urban living. Currently listed at $29,800,000 CND, this world-class residence is conveniently located in the center of Downtown Vancouver just steps from several distinguished restaurants and exclusive fashion boutiques, and with several options for exceptional entertainment. If you’re not already sold, prepare to be in awe once inside this exclusive and rare 5-star living experience.

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Market Update: Tyler, TX

(16911 CR 122, Tyler TX)

Taking a look into the 4th quarter Real Estate Market Report for the Tyler, Texas, there is a consistently high demand for single-floor condominiums. This is good news for sellers looking to sell their luxury condos, as the best condominiums on the market are currently tending to sell very quickly. In addition, slightly lower inventory rates for this time of year create narrower options for those wishing to buy a property within the area. Most units are averaging a total of 60-90 days on the market before being sold to a prospective buyer.

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Market Update: Mississauga, ON

Looking at the 3rd quarter luxury real estate market report for South Mississauga ON, it is evident that there has been an increase in the average market price for single-family luxury homes and a decrease for luxury condominiums. While the average price of luxury single-family homes increased about 0.25% from the last quarter ($2,647,783 to $2,654,135), the average price for luxury condominiums decreased a total of 2.7% (from $1,202,356 to $1,169,722).

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