Different Markets: The entry market is HOT while luxury is not.
A nicely upgraded detached home comes on the market in mint condition listed FOR SALE at $650,000. During the initial weekend, the open house is a total success with buyers bumping into each other to see the home. By Monday morning, the listing agent is sorting through five offers to purchase the home. By the week’s end, the seller is able to come to an agreement and accepts a full price offer that closes in 30-days.
A beautiful upgraded luxury homes comes on the market with an entertainer’s yard listed FOR SALE at $1.6 million. Seven different buyers tour the home in the initial week. Quite a few people come through the weekend open house. The first week’s activity is solid, yet there are