excerpted from SEPTEMBER LUXURY MARKET REPORT SUMMARY: LUXURY BUYER TRENDS FOR FALL 2020 on LuxuryHomeMarketing.com
This month’s Luxury Market Report shows a stark contrast in luxury buyer trends to what was in demand this time last year.
Fall of 2019 was the height of a luxury condo boom, when we saw luxury buyer trends leaning heavily towards small spaces in urban areas where buyers could be close to entertainment and nightlife.
With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.
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