After searching through the latest real estate news I came across an interesting article concerning the increase in people purchasing luxury homes. Interesting due to the fact that I also came across articles discussing the struggling economy and a lack of homes being sold. The article in reference, however, is “Luxury Real Estate Booms in San Antonio,” which points out that luxury real estate in San Antonio appears to be outperforming the rest of the housing market. Custom builders are starting more million-dollar spec homes, those built on speculation before a buyer is in hand. And even within luxury neighborhoods, sometimes it's the most expensive homes that are selling the fastest.
"In every unit, the most expensive stuff sells first," said Charlie Hill, vice president of Cordillera Ranch Development Corp. "It's staggering. The bigger challenge for us is going to be to get the builders going quickly enough."
At Cordillera Ranch in Boerne, 35 homes are under construction, and another 20 have submitted plans for approval, with an average price for just the house - not the lot - at around $1 million, said Hill.
As a realtor in North Carolina, and more specifically Mooresville, I see my fair share of luxurious homes. On top of that is the gorgeous scenery that accompanies the luxurious homes. Lake Norman is just one of the many bonuses about living in Mooresville and being able to have the lake as your everyday scenery makes it feel like you’re on a permanent vacation. With so many of the luxurious homes located on the lake, exteriors such as boat houses, boat lifts, and decks accommodate the waterfront homes. The inside of the homes is just as beautiful, as well.
The difference between North Carolina and San Antonio is the prices of these luxurious homes. While the median home price across San Antonio is up about 2 percent for the year, it's risen 3.3 percent in the $750,000-and-up category, said Jason Glast of Keller Williams Luxury International.
John Flournoy, managing broker with the Phyllis Browning Co., said most people are expecting a strong 2012 for homes priced at $500,000 and up. Sure there are the homes that cost over $1 million in Mooresville, but an average price range for this area is well below the $500,000 mark, and the homes are just as beautiful!
View the video below to see more luxury homes for sale in Mooresville.
View the video below to see more luxury homes for sale in Mooresville.
A listing of the luxurious homes for sale in Mooresville can be found at: http://annstilesrealestate.com/community/area/Mooresville/
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About Ann Stiles
Ann Stiles is a real estate broker for Wilkinson and Associates. She began by selling homes in New York and has over 29 years of experience in real estate. After relocating with her family to North Carolina in 2008 she continued her passion for real estate. She currently resides in the Trump National Golf Club Community in Mooresville, NC with her husband and five children.
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