A Look into Luxury - March 16th, 2024
This week witnessed a modest pace in the luxury real estate market, with only 9 homes priced at $3 million or above sold, and notably, no sales exceeding $10 million. The inventory of such homes experienced a slight increase to 719. However, a significant development was observed in the number of homes priced at $3 million or higher that are currently under contract, which saw an increase of 20, bringing the total to 180. This trend suggests a robust luxury selling season during the prime months of March and April.
No major shifts were noted in the market for homes over $10 million, which maintains an inventory of 85 homes for sale and 7 under contract. Similarly, the segment for homes priced over $14 million showed an increase to 50 homes for sale and 4 under contract. Both price points indicate a substantial supply of inventory that could last for years.
For further details, please refer to our updated chart attached.
Happy Saint Patrick's Day
The Hankerson Team Luxury Amenity of the week
This week, the Hankerson Team is thrilled to feature the newly opened Cottages at Mountain House Lodge in Sereno Canyon as our luxury amenity highlight. I had the opportunity to visit on Wednesday night for a tour and filmed a quick 90-second tour of both the Mountain House Lodge and the Cottages.
Here’s what impressed us:
- The Cottages offer 1 to 2 bedrooms, with living spaces ranging from 770 to 1,520 square feet.
- Each Cottage boasts breathtaking views.
- Residents of Sereno Canyon and guests staying at the Cottages have full access to the Lodge, including the swimming pool.
- Amenities include everything from a state-of-the-art gym to resort-style pools and tranquil spa services.
- Plus, you can dine at Alterra, where traditional American cuisine meets international cooking techniques.
Price: Seasonal
For a closer look, check out our 90-Second Tour of the Mountain House Lodge and Cottages:
