Jan 12

Luxury Housing Market Surges


40% increase in luxury sales in Seattle area

In the Pacific Northwest improvements in the luxury segment (defined as properties priced at $1 million or more) were noteworthy in 2013. A comparison of 2012 and 2013 shows nearly 500 more high-end sales last year to outperform the previous year by nearly 40%.

It is predicted that the luxury market will continue to see an increase in sales activity and home values in 2014 driven both by pent up demand, and, by the owners of trophy properties feeling confident that values have returned to acceptable levels.

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