The affordability crunch just hit luxury real estate.
Upper middle class buyers are up 210 percent since 1979.
Home equity jumped 142 percent since 2020.
Three years of record stock gains created more qualified buyers.
But inventory between $1M and $5M can't keep up.
Anchorage has just 150 homes for sale.
Starting luxury prices jumped from $750K to $1M.
Bend has a 2 month supply at the $2M to $2.5M range.
Marblehead outside Boston has only 9 listings available.
Dallas buyers are flooding Highland Park and University Park.
The lock in effect keeps sellers from listing.
Buyers have more purchasing power than ever before.
Supply is the bottleneck holding the market back.
If you're thinking about buying or selling luxury property in the Phoenix Valley, the window is now.
DM me directly and I'll get back to you within the hour with a personalized market breakdown for your situation.
