Luxury Homes in San Luis Obispo County on the upswing?
Don’t give up on the luxury homes market, they still do sell. Market statistics for the affluent show there is a marked improvement in their plans to make major expenditures for a new auto, a cruise, and a vacation or home.
According to the Institute for Luxury Home Marketing, “(a)bout 10% of the affluent say they will seriously consider acquiring access to a vacation home during the next 12 months. Plans to make an acquisition increase as age declines, income increases, and net worth increases. About 2.9% are considering two types of vacation home acquisition. Wholly-owned homes are the most favored type of vacation home access. Wholly-owned homes used primarily on a seasonal basis are more popular than those used frequently throughout the year. The only exceptions are the 50 to 59 age group, the under $200K income group, and the lowest net worth group.”
So, if you happen to fall into the category of someone who wants to purchase a luxury vacation home over the next year, take a look at what we have to offer in San Luis Obispo County. It’s like living in paradise!
