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ColdwellBankerPreviews_LuxuryMarketReport_Fall2013

ColdwellBankerPreviews_LuxuryMarketReport_Fall2013

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Published by Christophe Choo

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Published by: Christophe Choo on Oct 08, 2013
Copyright:Attribution Non-commercial

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04/24/2014

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Luxury market report | 
fall 2013
 
coldwell banker previews international
®
 // 
Luxury market report
// fall 2013
02
 
 table of
contents
Frewrd
Pi
®
2013 Luury Cnsumer Surey The Preiews Tp 20: ZIP Cdes andCities r Luury Sales and ListinsDmestic Sptliht: AspenDmestic Sptliht: New Yr Internatinal Sptliht: ItalyPreiews by the NumbersDisclaimers
0304071214171921
 
coldwell banker previews international
®
 // 
Luxury market report
// fall 2013
03
foreword
 At
c B Pi Ii
®
 
we are seein tremendus eneryr luury real estate, bth in the United States and abrad. New seller’s maretsand buyer’s marets hae emered in seeral auent strnhlds, while ther citieshae beun t ehibit balanced luury maret undamentals. Recent eedbac rmauent cnsumers als indicates that there is a psitie utl n real estate.
Pi
®
, nw celebratin ur 80th year as a leader in maretin eceptinalhmes, is prud t eamine all  these dynamics in ur latest Luury Maret Reprt. Auent cnsumer cnfdence frst cmes int cus with ur 2013 Luury CnsumerSurey, dne in partnership with the Luury
®
Institute LLC. Accrdin t thissurey  Americans with a minimum rss annual husehld incme  $250,000,the majrity  respndents reprt that they wn at least ne hme and epresscnfdence in the alue  wnin real estate. The surey als reeals a sinifcantcultural shit amn the auent: while lcatin is still the mst imprtant decidinactr in a hme purchase, 24% say that they are nt limited by eraphy and haethe reedm t purchase an ideal prperty that truly fts their liestyle. It appearsmre auent cnsumers are basin their hme purchase decisins n hw theywant t lie as ppsed t where their wrplace is lcated—a reminder t us allthat the ptins are irtually limitless r this increasinly mbile rup! Perhapsthis trend is playin ut in Aspen, where an inu  hih-net-wrth indiiduals arechsin the Rcy Muntain twn as a permanent residence. Their mementhere has helped Aspen mature rm a seasnal destinatin t a year-rund culturalhaen, an elutin we cer in mre depth n Pae 12.Elsewhere, the luury maret has ained mmentum in established metrplitanareas such as Chica, Washintn D.C., Bstn and Atlanta this year. As shwnin ur newly epanded cerae  the tp 20 U.S. cities and ZIP cdes, thesecities hae hih numbers  actie listins priced $1 millin and up, suestin thatseller cnfdence has spread beynd the epected auent htspts  New Yr,Ls Aneles and San Francisc (and their ibrant jb marets). Hweer, New Yr pres that it is still ery much the luury real estate epicenter, as the N. 1 city rbth actie luury listins and clsed sales in the $1 millin and up, $5 millin andup and $10 millin and up cateries. (The fndins are urther supprted in urNew Yr Sptliht n Pae 14). Min acrss the prerbial pnd, we als l atwhat’s happenin in Italy and eplre the questin  whether it is the time t buy nPae 17. As always, the Luury Maret Reprt reeals sme interestin trends driin thehih-end husin sectr. Preiews is hnred t brin them t the attentin  uraents and clients s they can mae mre inrmed decisins. It speas t ur lnhistry  serin the wrld  fne real estate.
Betty Graham
, PRESIDENT CoLDWELL BANkER PREvIEWS INTERNATIoNAL
®
NRT 
BudGe huskey 
, PRESIDENT & CHIEF ExECUTIvE oFFICERCoLDWELL BANkER REAL ESTATE LLC
budge Huskey betty graHam

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