The definition of a “luxury” home depends on the market you’re in. Therefore, a $1 million home in Beverly Hills, CA isn’t a luxury home. This is because there are so many homes valued in the multi-million-dollar price range. But price isn’t the only thing that defines luxury.
When we talk about what luxury home buyers want, we first define what a luxury home is in a particular market. Many realtors believe the term “luxury” is overused. However, most people do agree on a few things. A widely accepted idea is that luxury homes refer to large, unique, and high-priced homes with features most homes don’t have.
Luxury Depends on These Things…
Luxury real estate is defined differently across different markets. The parameters used are property values, median resident income, and area development, as these vary widely depending on the market.
Consequently, knowing how your market defines high-end properties will help determine the category of home you want. It also helps you to express your needs accurately to your local realtor.
What Luxury Home Buyers Want…in Palm Coast
One of my areas of expertise as a realtor is helping clients buy and sell luxury homes. These luxury homes are typically large (many over 4000 square feet). Most are listed at about $1 million and above.
Some additional properties of the luxury homes here in Palm Coast are that they are located in “country club” communities and usually gated. Hammock Beach and Ocean Hammock are two popular luxury communities.
Private country club memberships are optional, but a privilege offered to homeowners living in these communities. Typically, these communities have private, championship golf courses. Additionally, they often have fitness facilities, pools, tennis courts, and exclusive restaurants – for members only.
Finally, don’t forget the water! Several homes in Palm Coast are located directly on the Intracoastal or the Atlantic. Most of these are high-priced homes in country club communities. They are often larger homes with custom and high-end features.
Let’s Talk Luxury!
Are you looking for a luxury home in Palm Coast? Are you familiar with the features of a luxury home in Palm Coast?
Or, maybe you’re ready to sell your current home and would like to know how your luxury home compares to others in the area.
Contact me to schedule a discussion about Palm Coast luxury homes! Whether buying or selling, it’s extremely beneficial to understand the luxury home market from a realtor who lives in a luxury home in Palm Coast, and also is an expert realtor in the Palm Coast luxury home market.
Consequently, I know what luxury home buyers want, and also look forward to hearing more about what you’re looking for!