As the year of 2021 begins, real estate markets across North America are feeling the effects of 2020 with strong sellers market conditions and relocation trends continuing across the nations.
Home to some of the world’s most amazing real estate, the California Luxury Real Estate Market is finishing the year off strong, especially in some of LA’s most luxurious neighborhoods.
Digital. Virtual. Global.
VANCOUVER, BC (October 20, 2020) – RESAAS Services Inc. (TSX-V: RSS, OTCQB: RSASF), a technology platform for the real estate industry, is pleased to announce it has signed a subscription agreement with LuxuryHomes.com, a leading real estate search portal focused exclusively on luxury listings over $1,000,000.
O‘ahu Single-Family Home Market Drives Activity Breaking Two Records
Single-family home market marks new record and steady recovery, while condos continue to trail 2019 activity.
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.
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.
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.
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 of 2020, according to the latest statistics from Realogics Sotheby’s International Realty.
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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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.
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.
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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