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Luxury Market on the Rebound: The Carlyle Residences Lead the Way

August 27th, 2009 Categories: Real Estate Tools

Los Angeles Real Estate on the Rise

The affluent consumer market is on the rise. The Luxury Consumption Index (LCI) shows that consumer confidence is increasing, as the average dollars spent on luxury goods is up year to date and from first quarter to second quarter of this year. Buyers, brokers and developers alike express optimism, forecasting that the more than two-year decline in homes sales is over and that the consumer market is emerging from the recession, putting purchasing power back on the market. Marked by August posting a third consecutive month-to-month gain in Los Angeles home prices, the real estate market is gearing up for a bright fall with brisk sales.

According to Valerie Fitzgerald, luxury real estate broker and head of sales at The Carlyle Residences – “Buyers are back – but expectations are higher. No longer in a wait-and-see position, they are ready to buy but want better quality and a stronger investment value, which has forced the marketplace to re-evaluate, adjust and deliver on its promises. In real estate, true luxury stems from a combination of Location, Space and Finishes. Properties that can deliver on all three are seeing buyers returning, ready to make a purchase.”

Read the rest of the story at The Valerie Fitzgerald Group.

The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.

This entry was posted on Thursday, August 27th, 2009 at 8:33 am and is filed under Real Estate Tools. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Comment »

Ryan Thomas said:

t is probably the best time to get into real estate and invest while the prices are still low. Signs of life in the recently booming California Real Estate market has been seen by real estate experts. With property prices low, California is more affordable right now than ever and this is excellent news for those of you who are looking to pay less for a property or considering to invest in real estate. Using the right metrics based on the regular analysis gives an exact picture which can help make better Home buying decisions. Identifying the right market & finding the best property holds the key to success. In fact there is a tool through which you can research, compare & identify best places to invest. Look into http://www.smartzip.com/s/sz/info/offer for more information.

# 28 August 2009 at 3:03 am