Lavish. Affluent. High-end. Exclusive. Those are just a few of the words that people who responded to Inman’s survey about luxury home buying and selling listed as preferable alternatives to “luxury,” a term that tends to raise hackles in certain circles.
- The most commonly cited starting price point for luxury properties was $2 million to $5 million.
- What motivates luxury homebuyers? Most survey respondents said "location" was most important to their luxury buyers.
- Most respondents also noted that luxury homebuyers are not more skilled at negotiating than any other buyer.