Wanted: Your Home for Today’s Eager BuyerMarch 22, 2021
March 2020 there was much concern and uncertainty about home sales. Flash forward one year, and the luxury housing market favors today’s sellers in record-setting ways.
- Homes are selling very fast
- Buyers are paying a premium
- More homes are selling in bidding wars
- Homes go under contract with few-to-no contingencies
The moment to sell your home is here.
Luxury home sellers have the upper hand. If you or someone you know has been thinking about selling, now is the time to gain a financial advantage.
Home supply is very low, demand is high, and buyers act fast when new listings appear.
The sales data is remarkable:
- 71% of homes sold in January 2021 were on the market for less than a month.
- Properties typically remained on the market for 21 days in January, down from 43 days a year prior.
- Existing home sales rose 23.7% compared to a year ago.
- Sales of homes priced above $1 million grew 77% compared with last January.
Why are Fort Lauderdale luxury homes selling quickly and at a premium? Luxury buyers from across the country and the globe want what they cannot find locally:
- Miles of Atlantic Ocean coastline
- Private waterfront and deep waterways for boating
- Generous indoor and outdoor spaces, including pools
- Year-round warm weather for the beach, golfing, tennis, and more
- World-class restaurants, shopping, theaters, museums, and nightlife
- Numerous Florida tax advantages
There are not many places in the world where you can have it all without compromise. In Fort Lauderdale, all of the needs and wants of luxury home buyers are met.
The tables will eventually turn, so do not wait.
When selling your home, timing influences how long it will take and for what price. As time goes on, the circumstances will inevitably change. Interest rates are still low but on the rise. As the pandemic eases, inventory will increase.
The bottom line.
Every home sale is unique. To take full financial advantage of today’s market, preparing, positioning, and promoting your home to attract the right buyers is paramount.
Our Experience Defines Us. Our Results Move You. Is Your Home Next?
We look forward to helping your home be our next selling success story.