Main Content

2021 Luxury Housing Market Predictions

Residential real estate has proven to be a reliable investment for the affluent. As reported by Luxury Portfolio International, “spending on luxury goods and services has declined this past year, while spending on the home has increased as people reimagine their living space.” As we look towards the future of luxury real estate, experts predict 2021 will continue to see a trend of people moving to the Suburbs form the city, an even greater uptick in 2nd home purchases, and private amenities continuing to be in high demand.

The second-home market is predicted to continue seeing an influx of buyers going into 2021. Luxury consumers will continue to realign their priorities to spend more on real estate that gives them and their families a sense of security, health safety, and privacy in a cocoon all of their own, as reported by Forbes.

As home spaces are being repurposed to fit the tasks of working from home and distance learning there is a greater need for more personal space in the home. Co-home offices, dens, and other home amenities are more important now than ever. Luxury Portfolio International reported that when asked, Luxury Property Home Owners said their home offices, gyms/fitness rooms, and swimming pools all tied for first as the amenity that has improved satisfaction in their home the most this past year.

Other luxury home amenities that are in high demand and are predicted to stay trending in 2021 include home theaters, wine & tasting rooms, and indoor-outdoor living spaces including outdoor kitchens. As detailed in the Great Wellness Surge paper, homeowners are using wellness practices to combat the stress of life at home nearly 24/7 leading to wellness rooms becoming more coveted. Families are looking for homes with game rooms and bonus rooms and of course complete connectivity smart homes.

The COVID-19 lockdown has led people to making permanent changes to their daily habits and the way they are living at home. The housing market is as hot as ever for luxury residences and long-term trends are stable as luxury spending is morphing into personal luxury investment. Stay tuned in for more market trends!

About US

Meet Robin Allen #1 Producing Agent and Luxury Properties Specialist in the Brookline/Chestnut Hill office of William Raveis Real Estate. With over 20 years of experience in the industry, she has developed a keen understanding and in-depth knowledge of the local real estate market and trends, making her one of the most sought after agents to work with in Brookline and Newton.

Testimonials

"Robin was fantastic and able to find us our first house which we absolutely love! In a competitive market, she was able to find us the best properties the moment they came to market, which...

- Adam Newton

"Robin is very knowledgeable and responsible in guiding us to buy our first house. She always keeps in great touch with seller agent, and communicates every house detail we'd like to learn more. With Robin's...

- Zhe, Sharron

"Robin sold my condo over the weekend! She is extremely knowledgeable about the real estate market in Brookline. She guided me through the process with a graceful and easy manner, but she is very focused....

- Deborah, Brookline

"Robin is extremely professional, and her advice is based on years of experience and substantiated by factual information and examples. No question is too small or a bother. She knows the entire market! We have...

- Theresa, Newton

"When we decided to sell our family home, we looked for the agent that has local knowledge for our type of house. After interviewing several local agents, we felt that Robin and Sheri Flagler were...

- Sean, Brookline

"Robin is a straight shooter and always gave us a fair and honest assessment on how to best sell our house. She always was willing to listen to my input and taking my input into...

- Peter, Chestnut Hill

"Robin has been a wonderful agent for us. She was always highly professional, thoughtful, energetic and reliable. She helped us sell three properties.   All of them were sold above asking price."...

- Uvon, Chestnut Hill

"Robin Allen was our RE agent in 2016, when we purchased our first home in Newton, MA. In a competitive market, we went through a lot in order to get this house. Robin expertly helped...

- Laura, Auburndale

"We worked with Robin to sell our home and buy a new one. She exceeded all expectations. She negotiated the price we wanted for the home we bought and got us above asking on the...

- Jacqueline, Newton

"Robin has it all. Very professional, easy to work with and makes the whole home buying experience very smooth and seamless. We did not have a realtor when we started doing some open houses and...

- Benjamin, Chestnut Hill
Contact Me
Logo

191 Grove Street,
Chestnut Hill, MA 02467