what is the stae of the luxury real estate market?
The luxury real estate market is back, but did it ever go away? The pandemic put a damper on things but in Beverly Hills and the surrounding areas, the luxury real estate market is always present.
As more and more people are continuing to see a change in their daily lifestyle needs and how their home works for them in this new lifestyle since the pandemic, more and more people are looking to the luxury real estate market with a new eye. Right now people want more space and higher quality features so they can be comfortable and enjoy spending long periods of time at home.
The Institute for Luxury Home Marketing (ILHM) recently put together a Luxury Real Estate Market Report, in that report, they stated the luxury market in 2020 saw its strongest year since 2008.