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Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty)

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Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Kevin J. May Luxury is in the 'eye of the beholder' not a dollar figure. For a single parent, working two jobs it is a luxury to be able to afford a home in any market.

Jan 09, 2018 09:22 AM
Rainmaker
1,844,171
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I would say 1M in  my area & it's not that big of a deal when you get inside lol.

Ask @corrine guest.

Jan 09, 2018 11:57 AM
Ambassador
2,061,096
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Anything higher than I own.

Jan 09, 2018 11:56 AM
Ambassador
2,178,433
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

I think anything over $500K is considered high end.  I couldn't find anything listed over $850,000 and that was a 3 bed / 3 bath home on 5 acres with a 3-car garage plus a 40 x 60 shop.  Anything over $700K is lumped together in market statistics.  There is a 7 month supply in that range.  The highest volume and fastest selling range is $250 - 300K, with a 1 month supply.   I don't know how you define luxury so I can't speak to that.

Jan 09, 2018 09:19 AM
Rainmaker
953,617
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

It's all on how one defines "luxury". Some may consider my place luxurious (low 7 figure value-amazing location, though not really stylish) that I rent, I consider the homes nearby in the $7-$9 million range and higher that are stylish with modern amenities "luxury" homes.

 

Jan 09, 2018 09:15 AM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

$1,000,001

Jan 09, 2018 01:17 PM
Rainmaker
2,240,938
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

We don't have luxury homes in small town Northern Maine! Everything low cost and you could buy who small townships for 5 million! Here's an example of how cheaply priced real estate is. Maine house for $27,500! 62 acres of surveyed Maine land with a view $25,000! Every real estate market rock and rolls so so differently.

Jan 09, 2018 12:54 PM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Probably close to $800,00000 here is when Luxury starts to show.

Jan 09, 2018 12:50 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on the area, in my hood of S.F. Valley it is all above 1 mln.

Jan 09, 2018 12:45 PM
Rainmaker
5,215,848
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I would say $2 million plus as a starting point!

Jan 09, 2018 12:38 PM
Ambassador
2,435,649
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

$650K would be my guess.

Jan 09, 2018 12:29 PM
Rainer
117,135
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

 1000000 i would say. That could get someone everything they want.

Jan 09, 2018 10:46 AM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It is a luxury to find a home in my market. Even more so if an offer is accepted. 

My sense is $5,000,000+

Jan 09, 2018 09:10 AM
Rainmaker
711,752
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

For us, $1,000,000.

Jan 09, 2018 09:01 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Oh wow... in Charlotte it would be way closer to low one millions.

Jan 09, 2018 02:26 PM
Rainer
2,420
Deana Reiboldt
The Schneider Realty Group - Kennewick, WA
Realtor/broker serving the Tri-Cities

People can buy a very nice, custom built home in the Tri-Cities for a minimum of $500,000.

 

Jan 09, 2018 01:54 PM
Rainer
417,071
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

A single-family home with minimum 180 views and four million as lowest price point.

Jan 09, 2018 01:20 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

One million.

Jan 09, 2018 11:50 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kevin,

I would guess here it would be close to 2 million.  A

Jan 09, 2018 09:43 AM
Rainmaker
7,835,266
Roy Kelley
Retired - Gaithersburg, MD

Above $1,000,000.

Jan 09, 2018 09:12 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

$900,000 is the entry price of the luxury homes in my town...and you can count them on two hands!!!!

Jan 09, 2018 09:12 AM
Rainmaker
1,052,056
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

500k+  . . .

Jan 09, 2018 09:11 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Tough definition that varies, but I think for us it starts at about $500,000.

Jan 09, 2018 09:09 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

$1,000,000.00 

Jan 10, 2018 05:09 AM
Ambassador
5,229,296
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

In Charlotte, it's in the high $400K's. I have to do this exercise for the Institute for Luxury Home Marketing, who requires that we 'round up' to $500K in our area.

The threshold for the luxury market is determined by the sold price (MINIMUM VALUE) of the TOP 10% of residential sales in said market. Again, Charlotte would be considered $500K by their definition/criteria.

 

Jan 09, 2018 06:14 PM
Rainer
109,535
Paul Weese
The Group - Steamboat Springs, CO
Steamboat Springs Broker and Outdoor Enthusiast

"Average" luxury homes in my market are $2m-3m for an in town home.  Outside of town, the market grows in value with nice homes having acreage and big mountain views.

Jan 09, 2018 05:43 PM
Rainmaker
547,327
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Kevin in Maui it is really all over the place.

Jan 09, 2018 04:50 PM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Home pricing in Toronto has soared in the last few years.. The AVERAGE price is close to $1M.. so I would say anything over $3-4M would be considered luxury..

Jan 09, 2018 03:29 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

$500,000 can get you something pretty luxurious in Clarksville TN.

Jan 09, 2018 03:17 PM
Rainmaker
1,502,858
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The luxury areas start at 1.5m and go up to 40m.  The "Lake Sherwood" area where Tiger Woods has his golf tournament starts at 3.5 and goes up to 11 right now.  Down the road there have been some ranches for 40m and maybe even higher.

 

This is the most expensive listing in our MLS right now... $27,000,000

The commission on that is over half a million!  I'll be happy to write the contract up!

 

Jan 09, 2018 02:48 PM
Rainmaker
4,882,349
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would say 3 million

Jan 09, 2018 11:58 AM
Rainmaker
2,781,013
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

million dollar says a lot around here

Jan 09, 2018 09:46 AM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

 $1M.

Jan 09, 2018 09:10 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Actually I had a discussion about this recently and find that even among people who live here the term LUXURY seems to mean different things. I personally think there are LUXURY homes here starting at about $1.25-1.5 MM however others seem to think its higher starting above $2 MM

Jan 22, 2018 08:12 PM
Rainmaker
901,187
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

We tend to sell in multiple towns/cities that vary . In some, I'd say $500k is the starting. In others, I'd say $650k - $700k.

Jan 14, 2018 07:53 AM
Rainmaker
5,868,372
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I would say in Denver it would be over $1 million, but even in parts of the City that won't get you much.

Jan 11, 2018 02:03 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think that luxury is about $25,000 more than you can afford.

Jan 10, 2018 02:45 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Top 10% of the market

Jan 10, 2018 05:15 AM
Ambassador
6,392,899
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I generally think of them as around 300k or more.

Jan 09, 2018 11:11 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

It depends on the market. In some of the towns here, it is over $1,000,000 and in few towns even $600K is Luxury home.

Jan 09, 2018 09:43 PM
Ambassador
3,164,119
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I'd say people tend to think that about their homes north of half a million here.  But it's subjective.

Jan 09, 2018 08:22 PM
Rainmaker
900,008
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

If it's a direct waterfront, it could be over a million and not be exactly "luxury".

Jan 09, 2018 05:52 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

That is hard because some of our more exensive properties are farms with a large amount of land and an old house.

Jan 09, 2018 04:13 PM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I want to thank you all for the great response. Interesting variations around the Country. Have an excellent weekend everyone!

Jan 12, 2018 08:56 AM