Originally published on January 10, 2022 | Extraordinary Living Blog
The Sotheby’s International Realty® 2022 Luxury Outlook report is an ambitious exploration into high-end residential markets across the globe. With demand reaching record levels, inventory generally not keeping up, and people caring more than ever about their homes, this year has been a busy one. In this report, we follow the trends that are likely to shape the coming months across the world's prime housing markets, from the resurgence of urban cities to the return of the international buyer.
"More than ever—for buyers and sellers—working with a knowledgeable agent who truly understands the local market is of utmost importance. A great agent scours the market for deals where there is minimized inventory and can advise on the strongest secondary markets and areas of highest potential growth." - Philip A. White Jr., president and chief executive officer, Sotheby’s International Realty®
View the report below:
16-18 Bald Head Cliff Road South, Cape Neddick - sold by Anne Erwin Sotheby's International Realty - was 2021's highest sale in York, Maine.
2021 vs 2020 Local Statistics:
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Originally published on February 1, 2021 | Extraordinary Living Blog
Sotheby’s International Realty is pleased to announce the release of its inaugural 2021 Luxury Outlook report which examines high-end residential markets across the globe in the wake of the Covid-19 pandemic. The comprehensive report provides insight into the world’s top primary and secondary markets and the anticipated wealth trends that will drive discretionary investment in the coming months. The report reveals that global wealth is forecasted to grow and pandemic trends are expected to persist in the year ahead. With priorities shifting toward larger homes with special amenities, including "Zoom rooms," multiple offices and workspaces, and an increased interest in sustainable homes with wellness and technology features, the Luxury Outlook highlights new spending habits and homebuying trends.
"As a leader in luxury real estate, it was important for us to analyze trends emerging from the most unparalleled year in modern history," said Bradley Nelson, chief marketing officer for Sotheby’s International Realty. "The pandemic recalibrated interest in larger, greener properties, secondary cities, and geographies with favorable tax and emigration policies. These preferences are likely here to stay for the foreseeable future, and it was important for us to provide a resource to those looking to navigate the months ahead."
4 Bayberry Lane, Cape Neddick - listed and sold by Anne Erwin Sotheby's International Realty - was 2020's highest sale in York, Maine.
See Bloomberg's coverage of the report, "Millennials Are Changing the Luxury Real Estate Market."
