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

Top 10 Luxury Home Markets To Watch for Price5. Austin, Texas. A strong real estate market
Increases  or  Reductionsthat saw record gains in 2006, the reputable
University of Texas, the scenic lakes and the
The Unique Homes Magazine has listed 25great music attracts buyers to this hill
luxury home markets to watch in 2007 in itscountry.
January issue. According to the Unique Homes
report the 25 luxury markets will indicate6. Bellevue/Medina, Washington. With prices
where the luxury real estate market isgoing up at 28 percent, the market has still
heading to. These markets along with featuresnot peaked and several upscale neighborhoods
that make them stand out from the rest areare available at a lower price range when
worth  watching  out  for.compared  to  other  markets.
The following is a brief report on the top 107. Beverly Hills, California. One of the top
luxury home markets to watch for priceranked luxury markets that is perpetually in
increases  or  reductions  in  2007.demand, Beverly Hills continues to be
untarnished and idolized as the Mecca for
1. Annapolis, Maryland. The waterfront cityluxury. Hollywood Hills is currently a hot
located on Chesapeake Bay offers excellentmarket  for  buyers.
boating and affordable prices compared to
Washington's luxury enclaves. With Washington8. Idaho. The growing resort markets in the
and Baltimore within reasonable commute, thisstate garner attention for the state that is
city  is  highly  desirable.making its presence felt in the luxury home
market.
2. Asheville, North Carolina. An eclectic
ambiance and low-key lifestyle attracts9. Jupiter, Florida. The boom has arrived
people to Asheville which continues to remainhere after Tiger Woods' purchase of a 10-acre
one of the hottest places for luxury homeestate for $38 m. The market continues to
buyers.surge  on  this  exclusive  island.
3. Aspen, Colorado. From a ski enclave this10. Manhattan Uptown, downtown, midtown. The
luxury market has grown into a platinumluxury market is upbeat with record sales of
location. With its four-season appeal andmore than $5 m in 2006 accelerated by Wall
restrictive zoning policies, Aspen is still aStreeters. Co-ops and town houses are
highly-sought  after  destination.favorites  among  buyers  here.
4. Atlanta, Georgia. The city offers severalIf you are interested in buying or selling a
new upscale communities, numerous lifestylehome, condo or any other type of real estate
amenities, retreats and much sought afterin any of these markets, be sure to seek out
waterfront  luxury  homes.the services of a real estate agent to advise
you about current local market conditions.



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