Thinking of Moving Up Into a Luxury Home? Now Might Be the Time

If you’re looking to move up into a luxury home, now might be the perfect time to make your move. I have the numbers to explain why.

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If you live in a house that’s valued in the $150,000 to $400,000 price point and you’re considering moving up into a luxury home, you might be looking at a golden opportunity in our market, and I have the numbers to prove it. According to the latest statistics, if your home is located in any one of the counties surrounding the DFW metroplex, it has appreciated in value about 10% in the last year. In that same time span, the supply of inventory in the $150,000 to $400,000 price point has held steady between two and 2.75 months. That’s practically no inventory for this time of year when demand is usually the highest. This combination of factors puts your current house in a strong seller’s market.

If you act now, you’d be selling in a hot seller’s market and buying in a strong buyer’s market.

In the $401,000 to $900,000 price point, which is considered a luxury price range, home appreciation has basically stayed flat. The supply of inventory in this price point has also been much higher, from six to eight months. That’s a lot of inventory, which makes this price point much more buyer friendly.
As you can see, by moving up into a luxury home, you’d be selling in a red-hot seller’s market and moving into a strong buyer's market. In other words, you might sell your current home over list price and get a great deal on the luxury home you intend to buy. If you have any questions about this topic, please call, text, or email me. I would love to hear from you.