Atlanta Luxury Homes
From 1999 to 2004, million-dollar luxury home sales increased almost 500%.
Since 2000, the real estate industry has been the fuel for the economy and the luxury real estate market has been one of the fastest drivers in the real estate segments. The affluent are buying and selling luxury homes in record numbers as property values continue to soar. In 2004, there were 51,000 luxury homes sold for a million dollars or more as compared to about 10,000 US sales in 1999.
One in every one hundred single-family homes in the US is worth a million dollars – at least according to their owners. A new Census Bureau report estimates that in the three years from 2000 to 2003, the number of single family homes worth at least a million dollars virtually doubled, from 0.5% to 1.0%. The Census Bureau’s American Community Survey (ACS) is based on homeowners’ estimates of the value of their homes.
What does this mean for you? Why don't you ask the expert, Chrissy Neumann ....