Technology is becoming an increasingly prevalent and important feature with today’s luxury home buyers. Recent reports indicate that luxury home buyers are looking more at smaller homes but with the very latest in technology from elaborate home entertainment and security systems to the multi-function ability to control heating and cooling, lighting and other aspects of the home even remotely from afar.
As they say, "beauty is in the eyes of the beholder," and while we do have some luxurious properties listed for sale in our market, we also have some where the requisite qualities fall well short of what a luxury home buyer(s) demands. This in part explains why we have over a four year inventory of homes listed for sale in our market above the luxury price threshold.
I'll talk more about price in my next post.