The luxury real estate market continues to march to the beat of its own drum.When stocks tanked in March, U.S. luxury home prices were still up a little more than 1% over the prior year, and they’ve only grown since. As of June, the most recent figures show the median price for the top 5% of luxury real estate had appreciated 3% from the start of the year despite high unemployment and prevailing economic uncertainty.
In an effort to generate greater customer satisfaction, especially during a virtual world, e-commerce applications have seen that conducting live online shopping events and consultations can boost sales of a certain luxury product by up to 400 percent.
Of the 60 billionaires in China under the age of 40, 14 of them joined the club for the first time in 2020, as a tech-fueled stock market grew and a slew of IPOs paved the way for wealth growth amid the coronavirus downturn.
In the world of luxury real estate, the Hamptons market traditionally flourishes in summer months and experiences a slight chill in the autumn. This year however, activity on the East End is a year-round affair as top-of-the-market buyers are attracted to some of the nation’s most desirable properties and the unique lifestyle the area offers, as indicated by sales volume spiking 341% from this time last year.
235 Middle Neck Rd Sands Point, NY 11050 Notable Sands Point estate that celebrates the best of waterfront living for the 21st century. Represented by Alana Mitnick Benjamin. 14 Beds | 8 Baths | 1 Half Bath $12,900,000