Learn More About Luxury Homes 

Whether you’re seeking a change in scenery, a more elegant atmosphere or to reside in a destination neighborhood, buying a luxury home should be a memorable and exciting experience. Regardless of whether you’re currently in the market for a new house, browsing luxury homes for sale can capture your attention for hours on end. These high-end properties possess stunning views, palatial scales, magnificent finishes and astonishing amenities.

What Classifies as a Luxury Home? 

A luxury home is a property whose value is within the top 10% of properties of the subject market. These homes tend to be considerable in size, located in superior areas, constructed and finished with high-end materials and designed with unique architectural details and amenities.

Determining if a Luxury Home is For You 

If you are looking to expand into the luxury real estate market, understand that luxury or High-end properties require more patience to sell and buy, they tend to stay on the market longer than average-priced homes depending on the area. They are not a neccesity for all consumers, hence making them harder to sell due to the smaller buyer pool that finds these properties appelaing to their lifestyle’s wants and needs. needs to be targeted to sell such homes that fit the buyers wants and needs.

The benefit for Luxury Homes is that they are located in highest-end neighborhoods making them a safe investment and hold a higher resale value being the top percentage of homes that are availabe in the subject market. Of course, this is subject to market conditions and the condition of the home when it it sold.

In today’s world, the demand for luxurious houses has increased exponentially whether it be because of the increase in overall wealth or the increase of standard of living. 

New Jersey Luxury Threshold

Use the map below to select the Market Area (County) that you live in to see the Luxury Threshold Price for that area.