Pinecrest Florida Real Estate and More...: Luxury Home Seller - Luxury Home Buyer

Luxury Home Seller - Luxury Home Buyer

 

Today I attended the Coldwell Banker Previews Luxury Symposium; a training and educational event for the luxury property specialists.  I thought the following profiles were interesting.

The Luxury Home Seller

  • They’ve owned their current home for 8.8 years vs. 6 years.
  • The majority are under 55 and 89% are married.
  • Often self-made (6% inherited 20% or more of their net worth).
  • Most are top executives, self-employed or business owners.
  • They are keenly aware of what it takes to be successful and are typically hands-on with strong viewpoints.
  • They trust their own instincts, are driven to succeed.
  • They maintain a middle-class outlook and are pragmatic toward money and investments.

The Luxury Home Buyer

  • 31% are cash buyers
  • 35% are retired (Millionaires)
  • 36% are business owners (Millionaires)
  • 67% are 35-55
  • 88% are married
  • Their most important home feature is a “Designer Kitchen”

In Miami-Dade County, a luxury home is a property over one million dollars; last year 34% of the sales in Pinecrest Florida were for over $1,000,000.

 


 

Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 21st Year in Real Estate

Coldwell Banker 

12651 South Dixie Hwy

Pinecrest (Miami), FL 33156

305-776-0010

Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

Comment balloon 1 commentMarie Story • August 20 2010 03:58PM

Comments

Marie, great statistics. It is interesting to see stats about certain segments of the population. Thanks for sharing.

Posted by Shar Sitter, Home Staging and Redesign Minneapolis/ St. Paul, M (Rooms With Style) almost 8 years ago

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