Can U.S. Luxury Real Estate Markets Sustain Home Prices?

Top 10 Luxury Home Markets To Watch forthat saw record gains in 2006, the reputable
Price Increases or ReductionsUniversity of Texas, the scenic lakes and the
The Unique Homes Magazine has listed 25 luxurygreat music attracts buyers to this hill country.
home markets to watch in 2007 in its January6. Bellevue/Medina, Washington. With prices going
issue. According to the Unique Homes report theup at 28 percent, the market has still not peaked
25 luxury markets will indicate where the luxuryand several upscale neighborhoods are available at
real estate market is heading to. These marketsa lower price range when compared to other
along with features that make them stand outmarkets.
from the rest are worth watching out for.7. Beverly Hills, California. One of the top ranked
The following is a brief report on the top 10luxury markets that is perpetually in demand,
luxury home markets to watch for priceBeverly Hills continues to be untarnished and
increases or reductions in 2007.idolized as the Mecca for luxury. Hollywood Hills is
1. Annapolis, Maryland. The waterfront city locatedcurrently a hot market for buyers.
on Chesapeake Bay offers excellent boating and8. Idaho. The growing resort markets in the state
affordable prices compared to Washington'sgarner attention for the state that is making its
luxury enclaves. With Washington and Baltimorepresence felt in the luxury home market.
within reasonable commute, this city is highly9. Jupiter, Florida. The boom has arrived here
desirable.after Tiger Woods' purchase of a 10-acre estate
2. Asheville, North Carolina. An eclectic ambiancefor $38 m. The market continues to surge on this
and low-key lifestyle attracts people to Ashevilleexclusive island.
which continues to remain one of the hottest10. Manhattan Uptown, downtown, midtown. The
places for luxury home buyers.luxury market is upbeat with record sales of
3. Aspen, Colorado. From a ski enclave this luxurymore than $5 m in 2006 accelerated by Wall
market has grown into a platinum location. With itsStreeters. Co-ops and town houses are favorites
four-season appeal and restrictive zoning policies,among buyers here.
Aspen is still a highly-sought after destination.If you are interested in buying or selling a home,
4. Atlanta, Georgia. The city offers several newcondo or any other type of real estate in any of
upscale communities, numerous lifestyle amenities,these markets, be sure to seek out the services
retreats and much sought after waterfront luxuryof a real estate agent to advise you about
homes.current local market conditions.
5. Austin, Texas. A strong real estate market