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Harsh warning on US real estate market issued: ‘America needs more housing’

January 7, 2023

by Jerry Schmidt Real Estate News

Licensed affiliate real estate broker Brian Lewis breaks down the condition of the U.S. housing market place as property purchasers sense the ache of sky-higher mortgage prices.

A single genuine estate pro issued a warning to People that the U.S. is struggling from a housing inventory crisis that could further more injury the market place.

“This is the point about The us — we do not have inventory. Fellas, it is limited out there,” genuine estate broker Brian Lewis stated on “The Claman Countdown” on Thursday. “In New York Metropolis, it is really tight. In Richmond, Virginia, it is tight. In some parts of Chicago, it is really tight. My Los Angeles places of work are saying that it truly is tight out there, as well. The customers have way extra electrical power, let us be clear. And there are much less discounts remaining completed.”

Lewis stressed his declare that “The usa demands far more housing” by producing a verbal “note” to builders to “get out there” and “build us some far more housing.”

Nest Seekers International main economist Erin Sykes offers perception into the 2023 true estate sector on ‘The Claman Countdown.’

Lewis added that whilst potential buyers have “way far more ability” than the sellers, they are however suffering from meager housing possibilities.

“The different is leasing, fellas. And the very last time I checked, rents are likely up and up and up,” he additional warned.

Property buy exercise has reduced for the fourth week in a row. (Jeremy Erickson/Bloomberg by using Getty Images / Getty Illustrations or photos / Getty Photographs)

In addition to the load of a “limited” housing inventory, buyers are also attempting fight bigger desire costs.

US Suffering FROM THE Next Most significant Home Value CORRECTION OF THE Put up-WWII Era

“There are some tendencies that we can see now when we go from desire rates of 2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. You ended up chatting a 3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, I have bought a 2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} [interest rate] myself,” Lewis mentioned. “So it is like, wow, which is really hard to get out of your mouth, right? But when you go from there, to 6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, the dollar prices far more. Something’s acquired to give.”

World-wide Serious Estate adviser Jenna Stauffer shares her insight on exactly where she feels the housing current market is headed in 2023 on ‘Maria Bartiromo’s Wall Road.’

New data from the Home loan Bankers Affiliation reveals that home loan application quantity hit its cheapest degree in extra than 20 a long time in the past 7 days of December. Having said that, the individuals who are obtaining homes are now facing an normal 6.52{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} 30-12 months-mounted home loan level, virtually double the normal 3.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} fee at the conclude of 2020.

US Home Price GAINS Drop SHARPLY IN NOVEMBER AS Growing Home loan Rates Great HOUSING Market

“I just acquired off the cell phone with Greg Lewis, my brother in Richmond, Virginia, and he has 3 features on [a property] right now. I’ve got a home proper in this article in New York Town that was underneath the $1.5M mark, we got multiple bids,” Lewis continued. “The issue is, it truly is going to value all those customers more money to get the similar factor they could have acquired a 12 months back for a large amount fewer. So it all will come down to that month to month payment.”

In addition to the load of a “tight” housing inventory, customers are also hoping combat greater fascination fees. (Ting Shen/Xinhua through Getty Photos / Getty Photographs)

Nonetheless, Lewis located some optimism in his evaluation.

“I imagine that housing is a passionate human will need. And that is why I just really feel like, if you can get an possibility, and you happen to be a purchaser, and you happen to be in a current market where you can get a good price tag, you happen to be under no circumstances heading to time the industry, ideal?” he claimed. “Get in there. If it helps make perception for your life, do it.”

Buyer’s Bonanza: The 10 Very Best Cities in America for Home Shoppers Right Now | Real Estate News & Insights

September 21, 2022

by Jerry Schmidt Real Estate News

The housing market’s quick shift into a cooldown has many watching carefully to figure out what’s next. Will the latest uptick in mortgage interest rates bring home prices down? Will sellers be more open to negotiating? Will more homes finally go up for sale?

Trying to gain an advantage in 2022’s real estate market is a bit like trying to game the New York Stock Exchange: full of contradictory signals, dead ends, and lots and lots of guesswork. Home shoppers looking for the right location at the right price can feel overwhelmed trying to piece together which indicator can help guide them in the right direction. Price reductions? Increases in new listings? The time homes spend on the market? Each metric tells only part of the story.

But that’s what we’re for! The ambitious data team at Realtor.com® decided to put together a 2022 housing “theory of everything”—combining several of the most important indicators and metrics into a definitive single list of the best cities in America for homebuyers right now.

To come up with a “buyer’s bonanza” ranking, we analyzed housing data from the nation’s 250 largest cities. We looked at the price per square foot compared with the local median income (to ensure residents can afford to become homeowners); how many days a home spends on the market (to assess how quickly homes are selling and whether sellers might be ready to negotiate); the percentage of sellers cutting prices; and the amount of homes for sale relative to the total number of households in the city. This last metric makes sure bigger cities with more homes for sale given their size don’t skew the rankings.

Finally, we limited our list to just one city per state to ensure geographic diversity.

It turns out shoppers in certain parts of the country don’t need to wait for the national market to sort itself out—new opportunities to buy the right home are opening up fast.

“For some of these markets, it’s a return to balance especially where you saw lots of dramatic demand increases during the past couple of years,” says George Ratiu, manager of economic research for Realtor.com.

The best cities for home buyers aren’t clustered in one part of the country, either. These buyer-friendly markets are spread out, from the sunny Southwest to the Upper Midwest and back to the beaches of Florida.

A home for sale: 5608 Fenway Dr in Midland, TX

(MLS)

Median listing price: $343,730

Midland earned its name for being the middle point between Dallas and El Paso, TX, on a long stretch of railroad. In fact, it was just “Midway Station” before it was ever a city.

But Midland earned its spot atop our “buyer’s bonanza” list because of its low home prices, high relative wages, and an abundance of homes for sale.

While the market in Midland has slowed in recent months, like most places across the country, it’s still moving briskly, says local broker associate Brian Sales, with The Sales Team Realtors.

“We went from about 120 mph down to about 105 mph,” Sales says.

Sales says he can see why Midland made the list. The area is a mecca for the oil and gas industry, and that’s brought lots of high-paying jobs.

“Geologists, engineers, chemists,” Sales rattles off. “These are well-paid scientists and experts.”

While the median household income in Midland is 45{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} above the national average at around $94,000, the price of real estate is about 25{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} below the national average, at around $164 per square foot. That already puts buyers in the area in a more comfortable position.

With homes no longer selling almost immediately, Sales says buyers have time to weigh their options.

“There’s definitely more of an attitude for buyers, like, ‘Hey, we have some time, we can think about it, we can absorb what we’re seeing, we can pray over it,’” he says. “Whereas a year ago, if you took the time to say a prayer over it, you might just lose it.”

A home for sale: 7608 Thorndale Dr in Cedar Rapids, IA

(MLS)

Median listing price: $232,450

Cedar Rapids straddles the Cedar River about two hours east of the state’s second-largest city, Des Moines. It’s known for its strong manufacturing and food-processing industries, especially corn.

It ranked so highly on this list because home prices are low while local incomes are relatively high. At just $133 per square foot, median home prices are 40{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} below the national average. Meanwhile, incomes are about 8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} above the national average.

Buyers in the city can still find a three-bedroom, one-bathroom house with a new wooden deck for under $100,000. Those with larger budgets looking for more space can nab this three-bedroom, 2.5-bath house with a deck, patio, and finished basement for $245,000.

A home for sale: 2059 Taylor St in Detroit, MI

(MLS)

Median listing price: $79,700

The Motor City, once an automotive powerhouse, has struggled over the past few decades as plants have closed and workforces have dwindled. As more people left the city, there weren’t enough new ones moving in to keep the housing market strong. That’s resulted in Detroit having some of the most affordable real estate in the country.

Right now, the median price per square foot in Detroit is $72—that’s just one-third the national average. And, like the other top contenders on this list, the city has a median income at around the national average, giving Motown buyers lots of affordable options.

The current inventory in Detroit is higher than it’s been for most of the past five years, except for a few months in late 2019. This provides buyers with plenty of choices—and they don’t have to rush to make a decision.

Another standout factor in Detroit is the median length of time listings have been on the market: a little under two months.

Buyers who don’t mind putting in some elbow grease can find a three-bedroom, two-bathroom bungalow with a garage for just $69,000. Those who prefer a move-in ready residence can check out this newly renovated, three-bedroom, two-bathroom, brick house for $149,000.

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Watch: America’s Hottest ZIP Codes for Real Estate in 2022

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A home for sale: 369 Hillridge Dr in Lawrenceville, GA

(MLS)

Median listing price: $402,000

Lawrenceville is a relatively small town (population of 31,000) about 30 minutes northeast of Atlanta. The artsy suburb is known for its parks, the Aurora Theatre—which hosts hundreds of performances a year—as well as the School of the Arts at Central Gwinnet High School, which offers a conservatory and fellows program.

It made our list thanks to its relatively high local wages and relatively low home prices per square feet. However, what really stands out about Lawrenceville is the share of listings that have had their price reduced—a steep 42{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}—along with the bounce back in inventory. The number of homes for sale is back up to nearly normal levels for the area, after dipping in 2021 to less than a quarter of what’s available now.

Buyers can snag a 3,000-square-foot, brick fixer-upper for $350,000. Or they can opt for this three-bedroom, two-bathroom Cape Cod with a patio for $300,000.

A home for sale: 10207 Tulsa Ct in Jacksonville, FL

(MLS)

Median listing price: $341,000

Florida has many banner cities, but Jacksonville is the most populous—and the largest geographically. The city, at the eastern tip of the state, became especially hot during the COVID-19 pandemic as out-of-state buyers looking to soak up some sunshine descended, buying up local properties.

The area’s close proximity to the coast (the city sits on the St. John River where it empties into the Atlantic Ocean) and moderate climate made it an ideal location for those looking to escape the busy metropolitan hustle and take advantage of the new work-from-home lifestyle.

Jacksonville’s inventory still hasn’t reached a pre-pandemic normal, but it’s gotten close.

Prices in Jacksonville have been coming down since June, but are still well above anything before the pandemic began.

Buyers can find a cute, three-bedroom, one-bathroom house with a front porch for $225,575. They can also splurge on a renovated, 3,000-square-foot brick ranch with a lanai and pool in the backyard for $675,000.

A home for sale: 9662 W Arnold Rd in Boise, ID

(MLS)

Median listing price: $564,945

Boise, like Jacksonville, was a popular destination for buyers during the pandemic. Its below-average prices and abundant active and outdoor lifestyle put it at the top of the list for shoppers who wanted someplace that has year-round quality of life, at a low cost. It was especially appealing to Californians seeking a more affordable lifestyle.

The influx of new residents led prices to soar—and builders to go on a local construction spree. The latter has helped to boost inventory at a time when there are fewer buyers in the market. The result is that more than half of all current listings have had their price reduced—more than any other city on this list.

“The combination of some inventory growth and some price reductions has caused buyers to pull back,” says Andrea Pettitt, a real estate agent at The Boise Group at Silvercreek Realty.

It’s worked out well for at least one of Pettitt’s clients, who she says is emblematic of buyers right now.

“The seller listed it in May of this year at $699,000. My client just closed on it for $524,000,” Pettitt says of a 20-something engineer who didn’t think he could buy recently. “And this is after he was trying to buy a year ago and was making offers at $590,000 that were getting beat by $25,000 or $30,000.”

Patience appeared to have paid off. Pettitt’s client waited and was able to get a home in his price range—and he was able to pick from several on the market, instead of competing against other buyers.

Ratiu cautions that, while the market has taken a turn toward buyers, things could be getting even better for buyers in the coming months.

“A relative bargain in Boise might need an asterisk. There may be more room in those markets to have prices come down a bit,” he says.

A home for sale: 1080 Del Webb Pkwy W in Reno, NV

(MLS)

Median listing price: $621,995

Reno, sitting just on the east side of the California-Nevada border and less than an hour from the beautiful Lake Tahoe and all the boating, hiking, and skiing the area offers, was another pandemic hot spot.

In the past few months, though, Reno has had a lot of new homes come on the market and lots of price reductions.

Its appeal to pandemic-era buyers may have reached its end, putting it closer to where it was in 2018 and 2019.

“Reno saw a lot of inflow during the pandemic,” Ratiu says, “especially [San Francisco] Bay Area buyers dealing with social distancing requirements, and who were interested in the great outdoors and an almost vacation-like lifestyle.”

This two-bedroom, one-bathroom condo in a community with a pool is on the market for $245,000. Those looking for a single-family home can score this four-bedroom, three-bathroom house for $549,000.

A home for sale: 8904 Kingcrest Pkwy in Baton Rouge, LA

(MLS)

Median listing price: $335,000

Baton Rouge, an inland city about an hour and 15 minutes northwest of New Orleans, is home to Louisiana State University and is known for its Cajun and Creole culture and views of the Mississippi River.

Louisiana’s state capital is also a place where buyers can still find bargains. The city still has prices 25{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} below the national average, with incomes just below the national average.

Recently, it’s seen more inventory and price reductions for nearly 1 in every 3 homes currently listed.

A classic three-bedroom, two-bathroom, midcentury home, sitting on several acres of land with a barn/workshop, can still be snagged for $450,000 in this Southern city.

A home for sale: 616 Bathurst Dr in Myrtle Beach, SC

(MLS)

Median listing price: $339,950

This longtime tourist destination and retiree favorite became even more popular during the pandemic as remote workers rushed to buy up homes near the beach. The coastal city, which Realtor.com recently named one of America’s most affordable beach towns, has golf courses, a boardwalk, an amusement park, and plenty of other activities.

However, it’s not just baby boomers buying up homes in Myrtle Beach, says Ratiu.

“We’ve also seen younger buyers, millennials who now have kids, and they’re looking for family-friendly places to settle,” he says.

The expansion of Myrtle Beach’s port in recent years has opened the area up for new business, Ratiu adds, which has led to an overall economic boom there.

“Myrtle Beach has a strong economy that’s quite diversified,” Ratiu says. “It’s strong for transit, trucking, ports, logistics.”

The beachside community offers buyers an abundance of single-family homes over 2,000 square feet that are walking distance to the Atlantic Ocean, for under $500,000. For example, this three-bedroom, two-bathroom house is on the market for $390,000.

A home for sale: 5720 E Marilyn Rd in Scottsdale, AZ 85254

(MLS)

Median listing price: $934,500

Scottsdale, one of the state’s most popular golf and resort destinations also favored by retirees, made the list after the market largely returned to what local experts describe as “normal.”

“Buyers are definitely in a better position than six months ago,” says Tiffany Carlson-Richison, an associate broker with Realty One Group in Scottsdale. “There’s more opportunities, and it’s kind of the pick of the litter right now.”

Carlson-Richison says she was selling three houses per month just a few months ago, but now she’s back to around one per month.

Joseph Callaway, the owner of Callaway Realty in Scottsdale, says he prefers the market as it is now: “It’s more balanced.”

The early part of 2022 was like a fast run-up, he says, with prices up $80 per square foot in just a few months. But things have slowed down, and that’s good for buyers. Scottsdale’s prices have dropped 7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} since the high in April, but inventory is still not back up to pre-pandemic levels.

“If you want to buy,” Callaway says, “you can look around. You can negotiate.”

The No. 1 emerging real-estate market in America is also the RV capital of the world

July 27, 2022

by Jerry Schmidt Real Estate News

The pandemic spurred hundreds of thousands of Us residents to abandon metropolis existence, fleeing to the ‘burbs. A new report highlights a novel place for would-be owners to consider: The R.V. capital of the planet.

The Wall Road Journal/Real estate agent.com Rising Housing Marketplaces Index, introduced Tuesday, ranked Elkhart-Goshen, Ind., as the top housing market.

(Real estate agent.com is owned by the same parent enterprise as MarketWatch.)

The northern Indiana town is recognized to develop as considerably as 80{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of recreational vehicles globally, with makers headquartered in the metropolis. These incorporate providers like Jayco, Keystone, and additional. The metro place has a person of the least expensive unemployment charges compared to others on the index, at 1.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, the report claimed.

“The median list rate for a dwelling in Elkhart-Goshen was $279,450 in June, which was up 17.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the earlier calendar year.”

The median list rate for a household in Elkhart-Goshen was $279,450 in June, which was up 17.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the earlier year, according to Realtor.com.

The index analyzes the 300 greatest metropolitan regions across the place in an energy to emphasize housing markets that are poised to reward householders and investors alike.

Every single housing sector is evaluated based on a selection of things similar to genuine estate, economic vitality and quality of daily life. The prime emerging marketplaces stand for locations where by household-value expansion is anticipated to be stellar, even though also owning other desirable amenities.

“The top rated rising markets symbolize spots in which home-price growth is expected to be stellar, whilst also possessing other desirable amenities.”

This quarter, the northern Indiana spot of Elkhart-Goshen took the leading spot, adopted by Burlington, N.C., Johnson City, Tenn., and Fort Wayne, Ind.

The report spotlights mid-sized towns as terrific rising locations to obtain a house. 9 of the prime 20 metropolitan areas have populations beneath 250,000.

Here’s the total listing:

Elkhart-Goshen, Ind.
Burlington, N.C.
Johnson City, Tenn.
Fort Wayne, Ind.
Billings, Mont.
Raleigh, N.C.
Quick City, S.D.
North Port-Sarasota-Bradenton, Fla.
Topeka, Kan.
Visalia-Porterville, Calif.
Fort Collins, Colo.
Durham-Chapel Hill, N.C.
Santa Cruz-Watsonville, Calif.
Boulder, Colo.
Huntsville, Ala.
Vallejo-Fairfield, Calif.
Eureka-Arcata-Fortuna, Calif.
Jefferson City, Mo.
Elizabethtown-Fort Knox, Ky.
Colorado Springs, Colo.

Generate to MarketWatch reporter Aarthi Swaminathan at aarthi@marketwatch.com.

Top 35 home decor stores in America to revamp your home

June 2, 2022

by Jerry Schmidt Home Decoration

Home decoration is an art, and with great home decor stores available everywhere, it has now become really easy to get creative aesthetic decoration ideas and redecorate your home. A home is considered a temple as we live there with our loved ones, enjoying each and every moment. Even if we get to live in a 5-star hotel for 10 days, we feel great and comfortable only after coming back to our home. There are many home decor stores in America that will give you all the items to give an attractive and aesthetic look to your house.

Nothing beats a home refresh. When it comes to decorating a house, it is all about the details. From the rugs to the table lamps, every minute detail counts. Many people think that decorating/revamping the house would cost a fortune, but it doesn’t have to be that way. There are many home decor stores from luxury to reasonable ones wherein you can find everything that you are looking for, and create a place that evokes a happy, cozy, and calm energy. Let us now take a look at some of the best stores for home decor.

Top 15 home decor stores in America to redecorate your house

1. Nickey Kehoe

Located in Los Angeles, United States, this is one of the best home decor stores that offer a unique selection of vintage and contemporary home furnishings and home decor accessories. Amy Kehoe and Todd Nickey are the masterminds behind this popular store. Nickey comes from a retail design background, and Kehoe’s background is steeped in hospitality design.

They have worked together to complete various residential and hotel projects in Southern California. Their unique blend of modernity and simplicity keeps their aesthetic timeless, fresh, and vibrant.

They formed Nickey · Kehoe, Inc. in 2004 and since then, there has been no looking back for them. They share a great vision of making every home look beautiful, and their selection of handpicked goods such as furniture and accessories reflect elegance, modernity, simplicity, attention to detail, and design rigor.

The famous Nickey Kehoe collection includes a modern sofa, curved sofa, spindle back viewing settee, curved bed, tufted ottoman, table lamps, and so on.

They have everything in great design for bedrooms, outdoor space, living hall, kitchen, garden, and so on.

You can shop all the items at their website https://nickeykehoe.com/

Address: 7266 Beverly Blvd, Los Angeles, CA 90036, United States

Contact No: +1 323-954-9300

Website: https://nickeykehoe.com/

2. Sue Fisher King

If you have great ideas for home decor and want those ideas to come to life, then you must visit Sue Fisher King once. It gives a wonderful shopping experience to everyone and has been a landmark in San Francisco, US, for 40 years.

Sue Fisher King believes in discovering artisanal and crafted work from around the globe to provide the best items to people. Their collection is a reflection of beauty, modernity, levity, and curiosity.

It is owned by Sue King who is driven by curiosity and loves delighting the customers by providing them with the best shopping experience. She loves traveling the world to discover beautiful and functional items. Everything that she and her team members select has beauty and a story hidden inside.

The collection at the store reflects passion and creativity, and its goal is to provide a true shopping experience to everyone. Sue Fisher King is considered “the only place to shop” for home decor items by many people.

They have a range of home decor items in their showroom such as tabletop, pillows, vases, cachepots, furniture, and so on. You can visit the store to have a look at these great items or shop online at https://www.suefisherking.com/

Address: 3067 Sacramento St, San Francisco, CA 94115, United States

Contact No: +1 888-811-7276

Website: https://www.suefisherking.com/

3. KRB NYC

KRB was opened by Kate Rheinstein Brodsky in 2014. The store offers a unique curated selection of home accessories, antiques, vintage furniture, lamps, rugs, pillows, and so on. Located on 74th Street in New York, KRB brings a fresh perspective to fresh, vintage, and timeless designs.

You can do in-store shopping or also inquire about the purchase at their website https://krbnyc.com/

Address: 138 E 74th St, New York, NY 10021, United States

Contact No: +1 212-288-2221

Website: https://krbnyc.com/

4. Copper Beech

This is one of the best home decor stores in the United States of America. It is a joint venture between designers Dan Fink and Thomas O’Brien. They have great taste in home accessories and so, they have filled their shop with unique, refined, and beautiful items. Right from kitchen crockery to furniture, this is a ‘one-stop destination for all your home decor needs.

You can visit the store to do the shopping or get the necessary items on their website.

Address: 133 S Country Rd, Bellport, NY 11713, United States

Contact No: +1 631-286-0202

Website: https://copperbeechbythesea.com/

5. Garde

Garde is a marvelous home decor store that was founded by Scotti Sitz, and John Davidson in 2012. Both of them possess great enthusiasm to create something new, and due to their love and compassion for aesthetics and design, Garde was created.

Their vision is to bring together talented designers, furniture makers, artists, and ceramicists from around the world to create beautiful designs that will make everybody’s jaw drop.

If you are looking for a unique piece item made by talented artists and designers to redecorate your home, then Garde is a place for you.

There are so many categories to explore at Garde including accessories, textiles, lighting, jewelry, and so on.

It is an in-store shopping store, so if you are in LA, do visit the store or explore their website to have a peek at their products.

Address: 7410 Beverly Blvd, Los Angeles, CA 90036, United States

Contact No: +1 323-424-4667

Website: https://gardeshop.com/

6. Mitchell Black Home Décor

If you wish to get gorgeous wall coverings in any style, then you must go to Mitchell Black Home Decor once. Their wallpapers are made to order at a Chicago-based art studio. One can order customized wallpaper and get a free design consultation on colors, designs, and patterns.

You can also specify statement-making floor mats or wall murals. But, make sure to get an appointment first before visiting the store.

Address: 1802 W Berteau Ave, Chicago, IL 60613, United States

Contact No: +1 312-667-4477

Website: https://mitchellblack.com/

7. Obsolete

Obsolete is one of the best home decor stores in Los Angeles. It isn’t just any normal home decor store, because it contains a vast array of antiquities and home decor items that have a classic look. The store has a wide variety of options for you to buy home decor items such as clocks, sofas, rugs, garden planters, etc. to make your house look ravishing.

You can go through their website and check out all the products there, or you can also visit the store and get everything you want.

Address: 11270 Washington Blvd, Culver City, CA 90230, United States

Contact No: +1 310-399-0024

Website: https://www.obsoleteinc.com/

8. HOUSEWRIGHT Gallery

Housewright Gallery is in Seattle and was established by architect Steve Hoedemaker and designer Tim Pfeiffer. Both of them had a passion for creating and designing homes in an impeccable way, and that is how they created the idea of the Housewright Gallery.

The gallery showcases a curated collection of home aesthetics.

The showroom features an eclectic range of artwork, textiles, furniture, lamps, lighting, and other objects. They cover different types of styles like new and vintage from around the world which makes this store unique and wholesome. You can visit the store for in-store shopping or also go through their website once to see what kind of products they have.

Address: 1224 S Bailey St, Seattle, WA 98108, United States

Contact No: +1 206-566-6117

Website: https://housewrightgallery.com/

9. Lars Bolander

Lars Bolander is known for introducing Gustavian vintage designs to the audience and is a highly popular home decor store in America. Lars Bolander was a famous Swedish interior designer who has been featured in House Beautiful, World of Interiors, The Robb Report, Architectural Digest, The Wall Street Journal, Chinese Residence, and Elle Decor.

During his education at the Stockholm School of Art, he discovered his love for art and interiors. Today, you can find his stores in New York City at different places. He had a unique taste in interiors that resulted in the most ravishing antiques and accessories.

Over the years, Lars Bolander’s store developed fame of its own, owing to the great home decor items at the store, that are highly appealing to the eyes. You must visit this store once for a great in-store shopping experience.

Address: 1300 Post Rd E, Westport, CT 06880, United States

Contact No: +1 203-292-6886

Website: http://www.larsbolander.com/

10. Larger Cross – Life in the Country

Larger Cross was founded by Alice Minnich who has spent 11 years in interior design. Larger Cross is one of the most popular stores for home decor in America and features an amazing blend of country house essentials, antique English furniture, Chinese blue-and-white porcelain, candles, and French willow baskets. Most of the products at Larger Cross – Life in the Country are inspired by nature and changing seasons.

All in all, it is a great store to get home decor ideas and change the complete look of your house.

Address: 39 Old Turnpike Rd, Oldwick, NJ 08858, United States

Website: https://largercross.com/

11. March

March is one of the best stores to shop for the kitchen, pantry, and home. It is located in the Pacific Heights in San Francisco and is known for its one-of-a-kind collection of handcrafted home decor items and furniture.

March includes a lot of products across various categories including decor, tabletop, furniture, cookware, pantry, and so on.

Address: 3075 Sacramento St, San Francisco, CA 94115, United States

Contact No: +1 415-931-7433

Website: https://marchsf.com/

12. Watson Kennedy Fine Home

If you want to refurbish your house with a vintage look, then this is the store you should go to. It features classic vintage and new furniture, bath products, houseware and linens, and so on.

The store is owned by Watson Kennedy and he has won Northwest Design Award for interior design. He aims to create designs that are rich in experience, and style, and are timeless. This is the reason why every product that you see at Watson Kennedy Fine Home will give an aesthetic vibe to you.

The store includes a variety of products in categories like home decor, paper goods, and vintage items. apothecary, pantry, and so on.

Address: 1022 1st Ave, Seattle, WA 98104, United States

Contact No: +1 206-652-8350

Website: https://watsonkennedy.com/

13. Il Buco Vita

Il Buco Vita is in New York City and is considered one of the best home decor stores for antique Italian collections. In their shop, you will find a classic curation of homewares and antiques made by local designers and artists.

The front of the shophouses is a small cafe that is known for offering coffee, snacks, house-made pastries, and artisan pantry products.

In a nutshell, this is a great home decor store to get new and antique Italian housewares, pottery, candles, and more.

Address: 4 E 2nd St Fl. 1, New York, NY 10003, United States

Contact No: +1 917-261-2248

Website: https://ilbuco.com/

14. The Flat

The Flat is a one-stop destination to shop for art, antiques, design, lighting, furniture, and so on. It opened up in 2016 and was set up like a flat that had lots of vintage products, art, objects, accessories, tabletops, and other home decor items. Becky Gross curated an epic mix of products to give customers everything that they need for home decor.

Address: 66 Fort Point St, Norwalk, CT 06855, United States

Contact No: +1 203-557-6854

Website: https://www.theflatwestport.com/

15. Yowie

Yowie is a great store for buying home goods. It is known for creating in-house products that put forward the best work of artisans. The products are designed in a way that will give you joy, fun, and a bit of nostalgia. You can buy lamps, towels, linens, and many more products from here.

Address: 716 S 4th St, Philadelphia, PA 19147, United States

Contact: You can contact them at their email id hello@shopyowie.com

Website: https://www.shopyowie.com/

If you don’t want to get into the hassle of visiting a store and buying home décor items, then don’t worry at all. These days, everything is available online, so you can decorate your house and give it a great look from the comfort of your home with online home décor sites. Simply, scroll down these websites, purchase whatever you want, and the item will be delivered to you. So, simple right? You also have the advantage to compare the prices and knowing customer ratings before buying the product on online platforms. So, now that we have covered in-store shopping home décor stores, let us have a look at some of the great online home decor stores in America.

Top 20 online home decor stores in America for home aesthetics:

1. Wayfair

If you don’t want to burn a hole in your pocket while shopping for home decor items, then it is a great idea to shop on Wayfair. They have a massive range of products, from holiday decor to rugs, they have everything that you could possibly be searching for to give an attractive look to your house. Also, the prices are reasonable here and you can get an idea about the product by looking at the customer reviews.

Wayfair was founded in 2002 and was formerly known as CSN stores. They have an online platform where they offer 14 million items. They operate five retail websites namely, Joss & Main, Birch Lane, Perigold, the main Wayfair site, and AllModern.

Website: https://www.wayfair.com/

2. Walmart

If you are confused about where to start shopping for your home, then Walmart is the best site to go to. It is a popular and very simple website that is easy to navigate. Although, Walmart is not the first choice for many people to get home decor items, however, you can get some pretty good deals at the website.

There are vases, curtains, decorative storage items, rugs, candles, and so many other decorative items for the home at Walmart. So, what are you waiting for? Shop now!

Website: https://www.walmart.com/

3. West Elm

If you want to create a stylish space with elegant and sober home accessories, then you must visit the website of West Elm once. It provides home decor and modern furniture filled with vibrant designs and colors. Their furniture pieces are not too weighty and look stylish. The sofas too are elegant-looking with modern designs.

Website: https://www.westelm.com/

4. Pottery Barn

If you are a fan of the famous American sitcom show ‘Friends’ then there is no way you haven’t heard about Pottery Barn. It is a great upscale home furnishing store chain with retail stores in Canada, Australia, Mexico, and the United States.

This is a one-stop destination for timeless kitchenware, furniture, lamps, rugs, bedsheets, and so on. You will find everything that you need for home decor at this place. Browse their indoor and outdoor furniture, accessories, rugs, decor, and more. Also, you can get all the products at decent prices.

Website: https://www.potterybarn.com/

5. The Nopo

To get top-notch quality products, you must visit the website of The Nopo. It was founded by Kelly Breakstone Roth and Shanny Harel, who love traveling and wanted to inspire people to create something beyond their cultural boundaries.

The Nopo connects online shoppers with artists and tries to bridge language and geographical barriers by facilitating safe payment, promoting fair trade, and providing reliable and timely shipping services.

The prices at The Nopo are a bit high, but the artisans are worth the investment. All in all, it is a great place to shop if you want to get premium-quality products.

Website: https://www.thenopo.com/

6. High Fashion Home

High Fashion Home gives the freedom to the customers to choose from a huge selection of high-design products at reasonable prices without compromising quality and value.

The website allows you to scroll down and see many products for home decor and get ideas for living rooms, dining rooms, offices, bedrooms, gardens, and so on.

Also, High Fashion Home is in a partnership with Arbor Day Foundation, so with every piece of furniture that you purchase, they are committed to planting one tree.

Website: https://www.highfashionhome.com/

7. CB2

CB2 is the younger sibling of Crate & Barrel and is more affordable than the original. This is the store where you will get all the products with high design and style. Also, the home decor items are made with a proper focus on shape, material, and unique design. You will find many things here such as barware, furniture, lighting, bath linens, and so on at reasonable prices.

Website: https://www.cb2.com/

8. One Kings Lane

One Kinga Lane is one of the best luxury online home decor stores that was founded by Susan Feldman and Ali Pincus in March 2009. It features home accessories and furniture to give a lively feeling to your home.

Website: https://www.onekingslane.com/

9. Article

It is true that Article doesn’t have a huge selection online for home decor items, however, it does have beautiful couches, furniture, tables, nightstands, and chairs, that are worth browsing. Just check out their website to get great deals on the products.

Website: https://www.article.com/

10. Design Within Reach

Design Within Reach is an online store wherein you will get all the high-end home decor items such as cool furniture, home accessories, beautiful chairs, and so on. An important thing to note is that all of these come from top brands and designers like HAY, Herman Miller, Florence Knoll, and so on.

Website: https://www.dwr.com/

11. HomeGoods

This is a great place to shop for cute rags, throw pillows, candles, and other home decor items. You will get striking deals at their website online on every product. So, go and check it out now.

Website: https://www.homegoods.com/international.html

12. Michaels

Michaels is the go-to destination to find great home decor items. It has a plethora of home decor items such as accent furniture, candles, frames, kitchenware, rugs, and so on at reasonable prices.

Website: https://www.michaels.com/

13. Nordstrom Rack

It is one of the best online home decor stores that have an array of products such as kitchenware, art & wall decor, bedding, rugs & doormats, and so on. Just scroll through the website and choose your favorite item to decorate your house.

Website: https://www.nordstromrack.com/

14. Target

If you want to get a wide range of beautiful products at a budget-friendly cost, then you should go to Target for your shopping. You will find everything here for home decor such as curtains, furniture, throw pillows, wall decor, and so on.

Website: https://www.target.com/

15. Society6

The collection of Society 6 features products made by different independent artists. Whether you want wallpaper or a bar stool, this is a go-to place if you want to shop at a reasonable price.

Website: https://society6.com/

16. Dot & Bo

Dot & Bo is one of the best online home decor stores wherein you can get recurrent deals on art, furniture, decor & pillows. This is a great website to get all the items for your house such as tables, armchairs, rugs, blankets, outdoor seating, bathroom linens, and so on. It is an excellent source for shopping for renters, students, and first-time homeowners.

Website: https://www.dotandbo.com/

17. Amazon

When we are talking about online shopping sites for home decor, how can we forget Amazon, isn’t it? One must be living under a rock if they haven’t heard about Amazon. This website is hugely popular worldwide and sells products in different categories such as books, clothes, home decor, accessories, and so on.

Website: https://www.amazon.com/

18. Chairish

Do you want to give a vintage look to your place? If yes, then Chairish is the store for you. They have products across different categories such as furniture, art, lighting, decor, bed+ bath, rugs, outdoor, and so on. You can get these products at discounted rates and refurbish your house.

Website: https://www.chairish.com/

19. Hayneedle

Hayneedle is a great online home decor store to accessorize your house. It includes a lot of products not just for adults but also for kids.

Also, they offer discounts on some products, so browse the website now to get a curated collection of home accessories and furniture.

Website: https://www.hayneedle.com/

20. McGee & Co

Get the best furniture, accessories, and home decor items designed by Dream Home Makeover’s Shea McGee & Co Team. This is one of the best home decor stores you can find online wherein you can get all the things for your home at affordable prices.

Website: https://www.mcgeeandco.com/

What should you look for while getting home decor items:

1. Affordability

One can’t deny that price plays a significant role when it comes to purchasing anything. The prices of home decor items can vary from store to store. In some cases, they can be expensive, while some stores can offer you good products at a reasonable price. When it comes to decorating/redecorating your home, you should always plan a budget and then go shopping. If you have a tight budget, then you should shop at places where you can get good discounts.

2. Need-basis purchase

When it comes to home decor, sometimes, less is more. Many times, when we visit a store, we think we might need a certain item when we don’t really need it. So, make a list beforehand of what items you need to revamp your house and shop accordingly. If you find a product that is not on your list but compliments your house, then go for it. But do not overdo it, or else it will do more harm than good. Planning for a budget and what items you need for home decor is always necessary before going shopping.

3. Material

There are many different types of materials that are used to make home decor items such as plastic, glass, fiber, and so on. If you have young children at your house, you can opt for pieces that are not so fragile and break easily. If you are firm that you will be able to take good care of your home decor items, then you can opt for a beautiful delicate sculpture or vase.

4. Shipping time

While it is true that patience is a great virtue to have, however, when it comes to decorating our homes, we kind of start losing our patience sometimes because we want everything on time.

There are many online home decor stores that can ship furniture and other household items within a few days, while others may need several weeks. So, make up your mind on how fast you need your items, even if they are not essentials. If you are not a fan of online purchasing, you can simply go to the nearby home decor store and get essential items from there.

5. Style

Do you prefer vintage style or glam accents? Are you a maximalist or a minimalist? These questions will help you determine how to decorate your home. Your house is a reflection of you too, so you should always have a clear sense of what kind of aesthetic and look you want to give to your home and shop accordingly. Otherwise, you will end up wasting a lot of money on items that you don’t really need.

The crux is that revamping your home is a huge deal, so make sure you make a well-detailed plan before shopping for home decor items.

Conclusion

Revamping your home is one of the most creative things to do. How you decorate your kitchen, what plants you have in your garden, and what type of furniture you have in your living room, as it all defines the uniqueness inside you. The home decor stores mentioned in this article will help you make your house into a beautiful home with luxury and elegance.

Also Read: Easy decor tips to babyproof your kid’s bedroom

Realsee and Obras-YA reach a strategic cooperation to accelerate the rollout of digital space solutions in Latin America |

June 1, 2022

by Jerry Schmidt Home Decoration

The Hottest Luxury Real Estate Markets in America

February 23, 2022

by Jerry Schmidt Real Estate News

Wouldn’t it be incredible to wake up each morning and sink your toes into sandy, white beaches, look out your window at picture-perfect sunsets, and fall asleep to the sound of waves lapping the shore? For more and more Americans with unlimited (or at least jumbo) bank accounts, this is their life. The overall real estate business may be going through challenges lately, but make no mistake: The high-end luxury market is booming.

During the COVID-19 pandemic, demand for luxury homes in popular vacation areas, particularly along the coasts, has surged. The newfound ability of many of these wealthiest buyers to work remotely, more baby boomers retiring earlier into their forever homes, and cheap mortgages fueled the rush into some of the most naturally beautiful communities across the nation. A fear of the cities coupled with the desire to spend more time outside as COVID-19 raged on also gave these markets a push.

So what are the hottest luxury real estate markets in the country with some of the most extravagant homes? The Realtor.com data team set out to find them. The most expensive 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale nationally had a median $5.5 million price tag in January—and that was up 16.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year over year.

“We’ve seen a lot of demand in vacation and second-home spots—particularly on the coastlines, on the beach, lakes, and in the mountains,” says Frank Nothaft, chief economist at CoreLogic, a real estate data firm. He’s seen many affluent Gen Xers and baby boomers buy up real estate in these areas.

“Those who have been very successful, who kept their jobs, and [who] saw the stock market go through the roof cashed out their gains to use that as their down payments to buy a second home,” adds Nothaft.

Over the past two years, many buyers have sought out larger homes with offices and areas for their children to attend school remotely. These homes often cost more than smaller residences, and buyers found they were more willing to move once they weren’t tethered to a physical office.

“People explored these new areas and found they liked them,” says Jenny Lenz, managing director of Dolly Lenz Real Estate, a luxury real estate firm that does business across the country. “Houses are always preferable to condos, especially after COVID. You don’t have to share an elevator or a gym or anything. … [And] water views are always much more desirable than landlocked homes.”

Rock-bottom mortgage interest rates also helped to make luxury home purchases more appealing.

Worth noting: The concept of luxury real estate is somewhat in the eye of the beholder—and the marketplace. A high-end home in parts of the Southeast or Midwest might barely make it as a starter home in the priciest areas of the coasts.

To come up with its rankings, the Realtor.com data team took a look at the nation’s luxury real estate market in January—as well as some of the most mind-blowing properties for sale. Markets were ranked by the number of unique viewers looking at home listings as well as how long properties were on the market. (The faster homes move, the hotter the market.) Only the most expensive 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes in these markets were considered in this ranking, and only prices for this small fraction of homes were provided in the story. Markets typically include the main city and surrounding towns and cities.

So where are the hottest luxury real estate markets with the most jaw-dropping views this year?

The 10 hottest luxury real estate markets

(Realtor.com)

7505 Makena Rd, Kihei, HI

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $23.9 million*

Luxury starts around $1.6 million for low-rise condos and single-family homes with the price tag going well up from there, says real estate agent Michael Fish, of eXp Realty.

There is oceanfront real estate—and then there is beachfront real estate on the tropical Hawaiian island of Maui. Kahului is considered the industrial hub of the island, home to the main airport as well as some commercial shopping areas. But just south of the small city lies some of the most exquisite real estate anywhere.

The pandemic gave the market a boost with more folks who could suddenly work remotely moving in as well as vacation buyers and retirees. Locals also got in on the action, fearing they would be locked out of the market if they didn’t move fast. Investors also scouted properties to use as vacation and full-time rentals.

The seaside town of Kihei is popular with luxury buyers on a budget, with newly constructed, two-bedroom condos near the beach going for just over $1 million.

Nearby, Wailea is considered a step up—where celebs such as Clint Eastwood and Aerosmith‘s Steven Tyler have purchased homes—and then there is Makena, just south of Wailea, where homes can easily set buyers back $20 million. Amazon’s Jeff Bezos recently purchased a 14-acre estate not far away on Maui’s South Shore for about $78 million last year.

But Fish warns the market is competitive with a lack of homes for sale leading to bidding wars and offers over the asking price.

“If you can work anywhere in the world, why not Maui?” he asks. “The prices are rising, and who knows when it’s going to stop?”

7292 Exotic Garden Dr, Cambria, CA

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $40 million

If money is no object, there is a $40 million gated estate on 78.5 acres in Cambria, CA, on the market that’s fit for royalty. The 12,000-square-foot mansion comes with a guesthouse, apartments for staff, and two event halls. There’s a helipad for easy access, equestrian facilities for horseback riders, and miles of trails for nature lovers. Bonus: The home comes with a 6-acre, pinot noir vineyard.

It’s not hard to figure out why the outdoorsy oasis of San Luis Obispo made the list. San Luis Obispo County, nestled between San Francisco and Los Angeles, boasts roughly 80 miles of beaches, multiple wine regions, plenty of golf courses, and a lively downtown in its eponymously named county seat. Luxury homes in this community founded by the Spanish in the 18th century often have ocean or foothill views.

Buyers with a little less cash to burn can check out this 3,300-square-foot Craftsman with views of the Piedras Blancas Lighthouse on nearly 1.4 acres in Cambria. The five-bedroom, five-bathroom home has two primary suites, double decks, and a guest cottage. It’s listed at $2.9 million.

181 Ocean Beach Trl, Vero Beach, FL

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $6.2 million

In Sebastian, buyers can choose from condos with all of the latest amenities that don’t require them to worry about maintenance. Sebastian may not be a household name, but the area is home to some stunning waterfront real estate. The city, on the eastern coast of Central Florida and across the state from Tampa, is near Vero Beach and Palm Bay.

This soon-to-be constructed five-bedroom, 4.5-bathroom unit in Vero Beach will feature a wraparound terrace, ocean views, private beach access, and a zero-edge pool. In addition, the new owners will be able to access their apartment through an elevator that opens directly into the unit. It’s listed at just under $4.5 million.

Despite a tight housing market, there are also multimillion-dollar, single-family homes with views of the Atlantic Ocean that buyers can compete over. This 8,000-square-foot mansion, listed for about $10 million, has both a pool and ocean access.

47 Brams Point Cir, Hilton Head Island, SC

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $5.5 million

The lack of homes for sale isn’t dissuading wealthy buyers in Hilton Head, an island off the South Carolina coast. If their dream home isn’t available, they’re snapping up older homes in desirable locations and either completely remodeling them or tearing them down to put up new residences, says local real estate broker Wendy Corbitt, of Sea Pines Real Estate at the Beach Club.

Many of the buyers have vacationed in the area and hope to retire there. So they’re buying properties and renting them out when they’re not in town, says Corbitt. However, she’s also seeing many families moving to the area full time as well. Her buyers are primarily from the Northeast, particularly New York, as well as Atlanta and Ohio.

“We had quite an influx of people from cities who wanted to work from home because of the pandemic. They made the decision, ‘Why not go to my vacation home?’” she says. “You can be outside so many months of the year, and there’s lots of stuff to do.”

In-demand communities for those who can afford them include Sea Pines Resort, which skews more toward single-family homes, and Palmetto Dunes, which has single-family homes as well as high-rise condos.

“Other than living on or near the water, neighborhoods that offer high-end amenities like golf, tennis, bike trails, marinas/access to water, clubhouses, fitness centers, garden plots, and security gates are very high in demand,” says local real estate agent Becky Herman, of Charter One Realty.

8204 Bald Eagle Ln, Wilmington, NC

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $3.8 million

Last year was the best year on record for the luxury housing market in the port city of Wilmington, about 90 minutes north of Myrtle Beach. Buyers have been drawn to the area’s beaches, boardwalk, and surplus of family fun.

The Riverwalk, a nearly 2-mile stretch along the Cape Fear River downtown, is popular with locals and visitors who can pop in for dinner at one of the restaurants or check out the art galleries and get in some shopping.

Those heading to the area will find a mix of newly constructed apartment and condo buildings as well as sprawling, single-family homes of all ages.

This grand house on the water is on the market for $4.8 million. The 6,100-square-foot beauty overlooking the Intracoastal Waterway comes with a guest wing with its own bedroom, kitchen, and garage. A bonus for buyers is the private pier and boatlift.

835 Sea View Ave, Barnstable, MA

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $15.9 million

Barnstable, part of the Cape Cod metro area, has long been known as a primo summer playground and popular retirement destination for wealthy Bostonians and New Yorkers who want stately homes on the water. The combination of picturesque villages, scenic lighthouses, and lobster rolls—plus all those white-sand beaches—made the hook-shaped peninsula a particularly attractive destination during the pandemic.

While there are deals to be found in some of the less desirable communities, those who want a seaside oasis should be prepared to pay for it.

The biggest ballers can splurge on this seven-bedroom, 9.5-bathroom mansion spanning more than 15,000 square feet on just over 3.5 acres—with its own private beach on the Nantucket Sound—for $30 million. This listing boasts ocean views in nearly every room, a “resort-style” swimming pool, terrace, and summer kitchen along with a 5,000-bottle wine cellar, golf simulator, and massage room. There’s also a guesthouse and separate house for the staff.

4511 Island Cv, Austin, TX

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $5 million

Not every luxury market offers ocean views. Some have benefited from the overwhelming demand for housing overall.

Before the pandemic, local real estate broker Brad Pauly considered luxury anything above $1 million. Now it’s $2 million-plus as tech and other workers are continuing to move in, he says.

The state capital of Texas, known for its “Keep Austin Weird” slogan, emerged as the real estate darling of the pandemic, drawing big companies like Tesla and seemingly everyone else as well. This resulted in prices skyrocketing as buyers battled for a paltry supply of homes on the market. In January, the median price tag in the metro area was up 28{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for homes of all price tiers.

“There’s a lot of new Austin residents who can afford luxury property. They’re coming from the coasts and, in a lot of cases, they still see Austin as a deal,” says Pauly, of Pauly Presley Real Estate. That’s partly because there is no income tax in the state.

The neighborhoods the wealthiest buyers are looking in are South Congress, Barton Hills, and the close-in suburb of West Lake Hills. The problem is the lack of homes for sale, which is preventing buyers from being too choosy.

“Have you ever driven around with a buyer who has an unlimited budget and can’t find anything? I have,” says Pauly. “They’re looking for whatever they can get their hands on, and if it’s not what they want, they’ll make it what they want.”

74 Diamond Shore Rd, Portland, ME

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $4.9 million

This coastal Maine city exploded in popularity during the pandemic as more folks who could work remotely relocated. Many were drawn to the city’s bustling, artsy downtown on the water filled with trendy restaurants, breweries, and boutiques. It gave the overall housing market a big boost, and the high-end luxury market went along for the ride.

Prices for the most expensive 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes in the market were up 27{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in January, according to Realtor.com data.

Buyers can choose from fancy condos, including this two-bedroom, two-bathroom unit on the market $2.7 million. The listing promises panoramic views of the water and private roof decks. Building amenities include a dog-washing station, shared Tesla and bikes, a clubroom, and courtyards.

Those seeking a bit more privacy can check out this two-cottage compound on three-quarters of an acre on Great Diamond Island off of Portland. The compound, which the listing notes is “prime for restoration,” is listed at $1.4 million.

2388 E Oakhill Dr, Salt Lake City, UT

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $4.2 million

Over the past few years, tech workers have flocked to the Salt Lake City area, dubbed “Silicon Slopes,” helping the city snag a spot on the Realtor.com list of the hottest markets of 2022. Those highly paid workers plus the uptick in Californians and other remote workers heading to the region attracted to the outdoorsy lifestyle with fewer COVID-19 restrictions than some other states have given the local luxury market a lift.

And there’s more luxury housing on the way. The Astra Tower, which will have nearly 400 units of upscale housing, broke ground last month in downtown Salt Lake City. It will be Utah’s tallest building when it’s completed in 2024.

The communities in high demand from well-heeled buyers include downtown Salt Lake City, around the Mormon Temple, as well as the suburbs of Park City and Holladay.

3350 Bar Circle A Rd, Prescott, AZ

(Realtor.com)

Median list price for top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes for sale: $5.7 million

Prescott, about two hours north of Phoenix, has a rep as an upscale haven for retirees. It’s particularly popular with Californians seeking forever homes. Multiple publications have named it one of the best places in the nation to retire thanks to its warm weather, a large population of seniors, and an abundance of golf courses.

Luxury buyers want homes where they can comfortably age in place with mountain views of the Thumb Butte and the Prescott National Forest, where outdoorsy individuals can hike or go mountain biking.

“Everybody wants the single-level home with great views and a three-car garage,” says local real estate broker Len McGee, of Coldwell Banker Realty. “They want to be able to drive in their garage and walk-in with their groceries and then go into their master suite.”

Popular, pricey communities include Hassayampa and Talking Rock, two private golf course communities in central and northern Prescott, along with American Ranch, a high-end community with an equestrian center.

* Prices are for the most expensive 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of homes in each individual market.