In these times of low unemployment, it’s hard to find good (any) help. For the wealthy, it’s also hard to find the right manse with an equally tight luxury real estate market. Recently, Christies published their sixth annual look at the global luxury real estate market. For those buyers, sellers, and real estate professionals, it’s an interesting view into the high-dollar niche world of luxury real estate (with surprisingly few eye-rollingly “woe is me” moments).
Let’s hit a few high points.
Christie’s defines a luxury home as one costing 3.4 times the cost of an average home in a given area. They further note that on average, the highest-priced home in a given area is 39 times the cost of the average home.
How does Dallas fit?