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Writer's pictureRicardo Lavariega

2024 Mid-Year Luxury Outlook

Updated: Jul 29


Luxury home on the beach

The Sotheby’s International Realty® 2024 Luxury Outlook report was released last Monday and it offered insight on the high-end market for the first half of the year and what to expect for the remainder of 2024. The first quarter of 2024 saw high-end listings outperform the market and demand for luxury properties remained strong. From the United States to the regions outside of the country, several high-volume sales proved the appeal of luxury homes to buyers all over the world. Read the full report for more details about the state of the housing market and the economics taking place for buyers in and outside of the United States.



Sotheby’s International Realty is growing its global presence and expanding its dominance as the world’s chosen luxury brand. High-end sales continued through the post-pandemic downturn with record breaking sales. Although rates have not lowered as expected, the stock and equity markets have performed well which have a larger impact on luxury buyer’s purchasing decisions. Rural and suburban areas have seen an increase in demand for buyers migrating from cities since the pandemic but post-pandemic that trend may diminish. Countries in Europe, the Caribbean, Latin America, Asia, and many other countries are all seeing growth and appeal for buyers. Luxury real estate will continue to be a great investment for buyers.


Feel free to connect with me for more information on the luxury market at the international, national, state, and local levels.



Text that says "Ricardo Lavariega"


I am a local real estate agent residing and working out of Lake Geneva, WI. Growing up in Walworth and working in residential construction on and around Geneva Lake I developed a diverse skill set that allowed me to help guide people through the real estate market in Walworth County.


I am a strong advocate for homeownership. Today, home affordability has reached the lowest levels in recent history. It is more affordable to rent than to own a home in an increasing number of areas in the United States. I will work hard to help you maneuver the current real estate market so that you can own property, build wealth, and gain freedom; so I can help you achieve The American Dream.



ON THE MARKET



RECENTLY CLOSED (May 28, 2024)

N1684 Williams Plaza, Linn, WI 53147 | $700,000



262.215.5296


223 Cook St, Suite J

Lake Geneva, WI 53147




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