While luxury home sales overall tumbled nearly 18% from 2021 to 2022, the luxury real estate market in the Napa Valley is still going strong. For some people, buying luxury real estate is fulfilling a lifelong dream, whether it’s their primary residence, a second home, or an investment property.
As any real estate agent specializing in luxury real estate can tell you, properties aren’t considered “luxury” just because they’re expensive. They’re also exclusive, unique, and perceived as superior.
People who buy luxury real estate want the same features all home buyers do, just on a grander scale. They’re looking for:
They also often want premium amenities like chef’s kitchens, infinity pools, expansive outdoor living spaces, and temperature-controlled wine cellars.
You have several paths you can take when investing in luxury real estate, including:
And, of course, you might want to buy a luxury home to live in and raise your family!
As you begin your search, keep these things in mind:
Working with an experienced real estate agent with extensive knowledge of the local market is critical when buying a luxury home. Viewing and making offers on high-end properties can be a little more complex than other real estate transactions, so you want a realtor with expertise in these types of purchases. They’ll also know which houses are available but not yet listed. In fact, many high-end homes never have a “for sale” sign or an online listing. Instead, they’re marketed through other channels, including word-of-mouth.
If you want to learn more about investing in luxury real estate in Napa Valley, talk to one of our agents today so you can be confident you’re buying the right property for the right reasons.