How does the real estate market for super luxury properties in Atlanta work?
Atlanta is a city known for its luxury real estate. In this market, super luxury properties are those with a value of $10 million or more. Here’s how the Atlanta super-luxury real estate market works:
1. Exclusivity
Super luxury properties are very exclusive and in many cases are not listed on the open market. This means that the properties are not published on real estate websites or listed on the MLS (Multi Listing Service). Instead, they are privately sold and only available to buyers who meet certain criteria.
2. The power of the network
The market for super luxury properties in Atlanta is based primarily on networking and personal relationships. Luxury real estate agents maintain a network of potential buyers and sellers of super luxury properties and work closely with them to ensure the successful sale or purchase of a property.
3. Personalization and attention to detail
In the super luxury property market, personalization and attention to detail are very important. From cutting edge architecture to luxurious amenities, super luxury properties are designed to meet the living needs of their potential buyers.
4. Longer duration in the market
Unlike normal properties on the real estate market, super luxury properties often stay on the market for longer periods due to their exclusivity and high sales price. However, when super-luxury properties sell, it is common for them to sell for cash and with a faster closing.
5. Recent changes in the market
In recent years, there has been an increase in the construction of super-luxury properties in Atlanta and the nearby suburbs. Due to this, the market is expected to continue to thrive and create opportunities for buyers and sellers in this real estate sector.
In short, the Atlanta super luxury real estate market is an exclusive and personalized world that relies on networking and attention to detail for successful property sales. With a longer duration on the market and recent changes, the Atlanta super-luxury real estate market is constantly evolving and offering exciting opportunities for buyers and sellers. If you are interested in this real estate sector, remember to work with a trusted luxury real estate agent who has experience in the Atlanta super-luxury property market.