Southern Georgian Bay's Luxury Property Market

Welcome to my newest blog, Southern Georgian Bay Carriage Trade Homes.  With upper end, luxury properties becoming an increasingly important segment of the local real estate market, I decided it was time to share with you, the distinctive aspects of luxury home ownership.  Whether you currently own a luxury, upper end property, are intending to purchase one or just like dream,  I will try to offer something here for everyone. 
  What constitutes a luxury property? From a monetary perspective we typically consider anything that falls in the top 10% of the market as being as being an upper end luxury property.  In the southern Georgian Bay area that is any home or condo that is valued over $750,000.  But value alone does not necessarily make a property worthy of a luxury home Carriage Trade designation.  
  The accompanying graph illustrates southern Georgian Bay luxury home and condo sales during the past 5 years.  Just like the overall real estate market in general, this segment of the market took a downturn during the 2008 recession by has bounced back significantly since then. 
  In future postings I will  share with you what today's luxury property buyers are looking for.