Photo by Daniel Salcius on Unsplash
If you're looking for that second home in the vacation paradise of your dreams, these five locations have just turned the corner from luxury sellers' market to luxury buyers' market:
Maui, Hawaii
Tennis clubs, golf resorts and views of white sand beaches and pristine blue water top the reasons why Maui has become a top-five hot luxury market. After experiencing a surge in vacation home prices over the past few years, the market here is now beginning to level out. This is good news for homebuyers seeking refuge on Hawaii's second-largest island. If you're in the mood for a tropical island paradise that won't cost a millionaire's fortune, Maui could be the solution.
Palm Beach, Fla.
Forty-seven miles of beaches and the absence of state income tax are only two of the draws for those looking to buy a luxury home in Palm Beach. Now becoming a strong market for buyers, this highly populated area of the United States features exotic nightlife and culture for days. There's always something to do and someone to do it with in Palm Beach, including buying a luxury home.
Washington, D.C.
It's mostly young millennial couples who are buying up the luxury homes in and around Washington, D.C., including the area of Arlington, VA. High-paying jobs enjoyed by highly educated workers make this a hot spot for the upwardly mobile among us and the hottest commodities right now are new constructions or homes that have been renovated in the last five years.
Kauai, Hawaii
Kauai, the northern-most island of the Hawaiian chain, has always been a magnet for the wealthiest home seekers. Privacy, lush green spaces and a quiet, unconventional lifestyle factor among the reasons for Kauai's popularity. Not known for it's sizzling nightlife, this area is prized for just the opposite -- as a private, respectful place to settle in and kick-back on vacation, spectacular views included.
Brooklyn, N.Y
Surprisingly, Brooklyn -- with its population of over 2.5 million people -- has recently become a luxury buyer's paradise. Once all but forgotten in the shadow of nearby Manhattan, the new construction of luxury condos, coupled with the old-time charm of the traditional brownstone, has rocketed Brooklyn to the forefront of choice places to live in the U.S. For luxury home buyers who enjoy the hustle and glamour of city living, Brooklyn is holding its own.
If you're looking to buy a luxury home in an area that may have been previously unaffordable, make one of these five luxury hot spots your new jumping-off point.
About the Author
Sheida Rezazadeh
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Our philosophy is simple: clients come first. We pledge to be in constant communication with our clients, keeping them fully informed throughout the entire buying or selling process. We believe that if you’re not left with an amazing experience, we haven’t done our job. We don’t measure success through achievements or awards, but through the satisfaction of our clients.
About Me:
With over two decades of experience in the real estate industry, I derive immense satisfaction from assisting clients in realizing their real estate aspirations. My journey in this field commenced with personal investments and the management of multiple properties, providing invaluable insights into the dynamics of the real estate market. Over the years, I have refined my negotiation skills, accumulating extensive knowledge and experience that empower me to deliver exceptional service to my clients.
As a seasoned professional, I specialize in residential, luxury, multi-unit, and commercial real estate. I possess the acumen to secure top dollar for sellers and the best possible prices for buyers. Recognizing the significance of creating a home sanctuary as a mother and wife, I understand the security that real estate investments can bring. It's not just a transaction; it's a life-changing experience, and I am dedicated to guiding my clients through every step of the process.
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As a trusted resource in the complex world of real estate, I am devoted to providing the best and most timely information to my clients. My team and I stay up-to-date with the latest trends and developments in the industry, utilizing this knowledge to help our clients make informed decisions. It's not just about buying or selling a home; it's about building a better future for you and your family, and I am honored to be a part of that journey.