December 25, 2024 - 12:20
Recent insights into the luxury real estate market indicate that a significant portion of million-dollar homebuyers are not local residents. While approximately 60% of these buyers hail from the area, it is noteworthy that over 20% come from outside the region, highlighting a trend of external investment in high-end properties.
This influx of non-local buyers can be attributed to various factors, including the search for vacation homes, relocation for work, or investment opportunities. Many affluent individuals are drawn to areas with desirable amenities, strong school systems, and promising economic prospects.
The presence of out-of-state buyers can drive competition in the luxury market, often resulting in bidding wars and escalating property values. As remote work becomes more common, buyers are increasingly willing to invest in locations that offer a high quality of life, regardless of their current residence.
Understanding the dynamics of these transactions is crucial for real estate professionals navigating this competitive landscape.
July 30, 2025 - 09:45
Real Estate Transactions in Lucas County: July 18-24, 2025In the week spanning July 18 to July 24, 2025, several notable real estate transactions took place in Lucas County, highlighting the ongoing activity in the local property market. One significant...
July 29, 2025 - 22:02
Record-Breaking Sale: Dr. Nicole Martin's Waterfront Mansion Sold for $40 MillionIn a stunning real estate transaction, Dr. Nicole Martin`s luxurious waterfront mansion in Coral Gables has been sold for an astounding $40 million. This sale marks a new record for the area,...
July 29, 2025 - 02:07
Positive Changes on the Horizon for Real Estate AppraisersIn a significant shift for the real estate appraisal industry, professionals who have long faced challenges and abuse are beginning to see a glimmer of hope for improvement. The landscape for...
July 28, 2025 - 08:18
Groundbreaking Ceremony for New 312-Unit Residential Development in Lexington, MALEXINGTON, Mass.— A significant milestone has been reached as construction has officially commenced on a new residential project featuring 312 mixed-income units at 17 Hartwell Avenue. This...