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“Jeremy was wonderful through the whole house buying process. He was there to answer any questions we had. He listened to every comment and concern we had. He used our conversation to help us find the perfect home. He worked with us on meeting since our schedules are very difficult. Jeremy never made us feel like he was pressuring or talking us into buying a home, but rather helping us find our perfect home. Jeremy was fantastic to work with and I would recommend him to anyone needing help finding their forever home!! ”
Matthew & Kitty Jefson, July 2020


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Woodland Developments & Realty Recent News

What's Happening In The Luxury Home Market?

Posted: August 11, 2020

Luxury can mean different things to different people. So when you're talking about the luxury home market, it's good to define the parameters. After all, a $1 million home in Los Angeles isn't the same as a $1 million home in Kansas City. Generally speaking, though, the luxury market is categorized as homes in the top 5-to-10 percent based on home value. And naturally, the high end of the market doesn't always behave the same as other tiers do. So what's been happening in the luxury market lately? Well, according to one recent analysis, the median home price in luxury markets has fallen 2.3 percent in recent weeks - at the same time the overall market has seen prices go up. Part of the reason for this is that the typical home buyer plans to live in the home they buy for many years, giving them some protection against temporary economic turmoil. Luxury buyers, on the other hand, may be more reluctant to make a large investment in times of uncertainty. Because of this, the ratio of available homes to interested buyers is different in high-end markets and can cause prices to move independent from the overall trend. (source)