WHAT IS A LUXURY HOME?
Luxury Home Definition
A luxury home or luxury real estate is generally defined as a property priced within the top 5-10% of closing price of a given real estate market. In most markets that is a home of value of more then one million dollars ($2-3 million in a few select markets) and/or a home that may have a unique quality or distinct feature that makes it stand out in the luxury home and luxury real estate marketing arena.
A luxury home or luxury real estate is generally defined as a property priced within the top 5-10% of closing price of a given real estate market. In most markets that is a home of value of more then one million dollars ($2-3 million in a few select markets) and/or a home that may have a unique quality or distinct feature that makes it stand out in the luxury home and luxury real estate marketing arena.