Nancy Kogevinas

Luxury Collection Director


DRE: 01209514

Berkshire Hathaway

HomeServices California Properties

1255 Coast Village Road 102C

Montecito, CA 93108

DRE: 01317331

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©2020 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

What are the Luxury Buyers Looking for?

At a recent Luxury Real Estate conference, Jim Dalrymple of Inman gave insight into the latest buyer trends. He noted that "today's affluent buyers are looking for a 'turnkey lifestyle' and are buying luxury condos and smaller, high-luxury homes as opposed to large estates." Preference for housing with more amenities and less hands-on maintenance is also a dominant trend in the luxury market.

Luxury buyers today are "pairing down the size for an easier, fun lifestyle" says Nikki Field, a team leader at Sotheby's International Realty in New York. Realtors around the globe have been making similar observations about this trend, saying simplicity, luxury and lifestyle amenities like access to pools, shopping, fitness and restaurants are dominating buyers' wish lists.

If you find yourself to be in this new buyer trend, be sure to check out Montecito Properties for the best listings with more amenities and less hands-on maintenance.