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Luxury Homes Are In High Demand
Jan 26, 2023
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.
According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:
“. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has . . . consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.”
If you own a luxury home, it could be a great time to list your house today while demand is so high. But first, let’s understand where the demand is coming from.
What’s Driving the Heightened Buyer Demand for High-End Homes?
The same report says more people have reached a certain net-worth threshold, and that’s contributing to the increased interest in luxury housing:
“In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%. This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.”
So, if you’re looking to make changes to your real estate portfolio or are looking to sell your current house, it may be a great time to list and benefit from the high demand for luxury homes today.
Bottom Line
If you own a luxury home and want to know how strong demand is in your area, let's connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.
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In the fast-paced world of real estate, staying ahead of the curve is essential for success. As a testament to our commitment to innovation and seamless customer experiences, we are thrilled to announce the launch of our brand-new website! This milestone marks a significant leap forward for our property management firm, and we are excited to share the exciting features and improvements that our clients can now enjoy. Modern Design, Intuitive Navigation: Our revamped website boasts a sleek and modern design, providing visitors with a visually appealing and user-friendly interface. The intuitive navigation ensures that users can effortlessly explore the array of property management services we offer, from residential and commercial properties to vacation rentals. Enhanced User Experience: We understand the importance of a smooth and efficient user experience. Our website is designed with you in mind, ensuring that you can easily find the information you need, whether you're a property owner seeking management services or a tenant looking for the perfect rental property. Streamlined processes and clear calls-to-action make it easier than ever to connect with us. Comprehensive Property Listings: One of the standout features of our new website is the comprehensive property listings section. Property owners can showcase their listings with rich visuals, detailed descriptions, and virtual tours, providing potential tenants with an immersive preview of available properties. This feature not only simplifies the search process but also enhances transparency and engagement. Interactive Tenant and Owner Portals: To further improve communication and streamline operations, our new website introduces interactive tenant and owner portals. These portals empower property owners to access real-time financial reports, property performance analytics, and maintenance updates. Tenants can conveniently submit maintenance requests, view lease agreements, and make rent payments online, creating a more efficient and transparent property management experience for all parties involved. Educational Resources and Blog: We believe in empowering our clients with knowledge. The website features a dedicated section for educational resources and a blog where we share valuable insights, industry trends, and expert tips on property management. Whether you're a seasoned property owner or a first-time landlord, our goal is to provide you with the information you need to make informed decisions. Responsive Design for Mobile Accessibility: Recognizing the prevalence of mobile browsing, our website is built with a responsive design, ensuring a seamless experience across various devices. Whether you're accessing our site from a desktop, tablet, or smartphone, you can enjoy the same high-quality experience and access our services on the go. The launch of our new website represents a significant milestone for our property management firm. We are confident that the enhanced features and improved functionality will not only meet but exceed the expectations of our clients. As we continue to evolve with the ever-changing real estate landscape, our commitment to excellence remains unwavering. Explore our new website today and discover how we are redefining property management for the modern era! For interviews or a personalized walk-through of the new website, please contact us at (903) 716-6381 or info@phpropertymanagement.org.
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Lauren Callaway, the Broker/Owner of PH Realty, has recently been endorsed by Barbara Corcoran, one of the judges from the popular TV show "Shark Tank." The endorsement was facilitated by Radio & Television Experts - a consulting group specializing in helping top industry agents. According to Lauren, Radio & Television Experts contacted her and presented her with the opportunity to work with Barbara. After examining Lauren's sales, offerings, and work, Barbara agreed to endorse her. Lauren was one of the few agents nationwide that was selected for this endorsement. Lauren had the chance to meet Barbara in New York this month, which she described as an exhilarating experience. She is eagerly looking forward to the commercial airing in a few months. Visit www.barbaracorcoran.com for more information.
Lauren Callaway, the Broker/Owner with PH Realty, has received an endorsement from Sean Hannity as the "go-to" listing agent for Texarkana and surrounding areas. Hannity is known for expressing his opinions, and it's great to see him recognize PH Realty's unique approach to real estate. We've captured one of the six endorsement ads below. In today's fast-paced digital world, information flows rapidly across every device you own. This means that the marketing of a home for sale can no longer be "list it and forget it. It's something that must be done every day. "There is no way other agents can get the exposure for your home that PH Realty delivers.," says Lauren. "In fact, we spend more on marketing our real estate listings each month than most agents earn in a year. That is why we have the kind of results that earn us endorsements from people like Sean Hannity, Gary Levox, and even Barbara Corcoran from Shark Tank!" What other listing agent in the Texarkana Metro can show you the same kind of endorsements? None that we have seen! If you are considering moving, send us a message, and we'll deliver the same enthusiasm, teamwork, and five-star service that earned us this endorsement. Listen Now: Sean Hannity endorses Lauren Callaway with PH Realty
We are delighted to present our latest addition to the PH Realty team, Quinn Addington, a licensed REALTOR® who has recently joined our organization. Quinn is a distinguished individual and a consummate professional with an unwavering commitment to assisting clients in achieving their real estate objectives. His expertise in navigating the market is unparalleled, and he is equipped to serve both seasoned investors and novices in real estate. Quinn extends his services to the entirety of Texas and may be reached directly at 903-949-5772. Kindly view his introduction video below for further insight into his professional background. At PH Realty, a distinguished boutique real estate firm headquartered in Texarkana, we are passionate about providing our clients with exceptional service. Our area of specialization is in luxury properties, and we are devoted to supporting you in achieving your real estate aspirations. Whether you are interested in purchasing, selling, or leasing a property, we have you covered. Please visit our website at www.phrealty.org and do not hesitate to contact us with any inquiries or assistance. We are eager to hear from you! Watch Here: Introducing Quinn Addington
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