CORE Quarterly Q1 2018

CORE Quarterly // Apr 02, 2018

The New Year always marks new perspective, especially when it comes to luxury residential sales. The first quarter of 2018 was brisker than the last quarter of 2017. Buyers preferred new development homes and were paying twice as much for these than resale homes. Weary buyers expected discounts of up to 10% and sellers had to adjust prices downwards in order to sell their homes; especially in the 3 bedroom market. The market might have reset, but with a small glut of expensive homes on the market, buyers are still in the driver’s seat.