Dreaming of a Luxury Cape Cod Home? Now’s May be the Time!

If your planning on buying a luxury home, now is a great time to do so!

Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country, including on Cape Cod. This means that homes are often staying on the market longer or can be found at a discount.

 

A recent Bloomberg article gave some insight into what many millennials are choosing to do:

“A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding ‘the rise of the new aristocracy.’”

Bottom Line
The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.

Posted on March 21, 2018 at 4:24 pm
Gene Petraglia | Category: Uncategorized

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