Recent Blog Post
Luxury Homes Are in High Demand
Recent Blog Post
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.
According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:
“. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has . . . consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.”
If you own a luxury home in the Bay Area, it could be a great time to list your house today while demand is so high. But first, let’s understand where the demand is coming from.
The same report says more people have reached a certain net-worth threshold, and that’s contributing to the increased interest in luxury housing:
“In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%.
This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.”
So, if you’re looking to make changes to your real estate portfolio or are looking to sell your current house in San Jose, it may be a great time to list and benefit from the high demand for luxury homes today.
If you own a luxury home in the Bay Area and want to know how strong demand is in your area, let's connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.
Buyer Tips
Why ADUs are one of the strongest value-add moves for San Jose homeowners in 2026.
Seller Tips
The 5 Must-Haves: Positioning your home for move-in ready condition, flexible work space, and modern efficiency.
Seller Tips
Sharpen Your Strategy: How to achieve strong results even when buyers are cautious and inventory is rising.
Seller Tips
The Real Cost of Overpricing: Why your list price is costing you momentum and money.
Seller Tips
How video marketing helps Cambrian and Willow Glen sellers reach qualified buyers already interested in San Jose real estate.
Buyer Tips
Three proven strategies for Cambrian and Willow Glen homeowners navigating a same-time move with less stress and better timing.
Market Strategy
A proven, ROI-focused framework for Cambrian and Willow Glen sellers who want above-asking results; without overspending before closing.
Market Updates
The data from April tells a story most sellers in this zip code haven't heard yet.
Relocating to San Jose
Here's What Willow Glen and Cambrian Feel Like to Actually Live In
We believe the process of buying or selling your home should be enjoyable as well as rewarding. Our commitment to our clients is to work hard and provide them with a hassle-free, fun experience. We know how to make this stressful time much easier with our professional expertise, marketplace knowledge, high-tech marketing strategies as well as our enthusiastic team spirit.