Luxury Real Estate Market Report
There was an article in the L.A. Times Real Estate section lately about home sales being flat in the Los Angeles area, according to the Case-Shiller Index. Sales also fell in the San Francisco and San Diego areas as well.
After that article appeared we received a couple phone calls to our office, asking us how this affects sales of luxury real estate. It is an interesting question and one we’d like to briefly address today.
Luxury real estate is, in many ways, a different situation, and what is true for most of the real estate market may not be true when we are talking about properties that cost in the millions. Basically that is because those who can afford luxury markets are not affected as much by market trends, interest rate fluctuations, and other indicators that are so important to the average buyer.
We have seen some great times in the past decade, and we have seen some lean times, but one thing we can say without hesitation: no matter what the market is doing, there is always a market for luxury real estate.
If you are facing athlete relocation, rest assured that there are properties available for you in all of the major cities. That is certainly true in the Los Angeles area. Give us a call at Sportsrelocation.com and we can discuss your options with you. For over ten years now we have had our finger on the heartbeat of the luxury real estate world. We have the contacts and the reputation necessary to make any real estate transaction flow smoothly.
Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.