Luxury Homes Prices

A common question I get is “Are luxury home sellers taking low ball offers because of the pandemic?” From the data we we see that asking prices and the prices that luxury homes (Homes over $1mil) sell has remained fairly constant. Luxury home values have been protected by the lack of supply. There are luxury home owners wanting to make a move. However, many of these potential sellers have postponed making a move. Luxury buyers coming into the valley are finding fewer options to choose from.