September 2020 Boca Raton Area Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing
Posted by Jean-Luc Andriot on Tuesday, September 22nd, 2020 at 11:36am.
As I am a member of The Institute for Luxury Marketing, I thought I would share with you their Boca Raton - Delray Beach September 2020 report.
It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.
Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.
In September 2019 we reported that demand for large luxury estate properties had reduced significantly over the previous few years. At that time, home purchase decisions by the affluent were based on diversifying portfolios, prioritizing quality over space, and the inclusion of resort-like amenities.
A year later, and the restrictions of the coronavirus pandemic have changed both the preferences and lifestyle requirements of the affluent. In fact, the last six months have seen a resurgence in the buying of mega mansions and estate size homes – specifically properties that offer space, both inside and outside, separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.