Most experts agree that a luxury home or luxury real estate is generally defined as a property priced within the top 5-10% of a given real estate market.
After extensive research and discussion with Natick homeowners, I have determined that most people consider any home in Natick that is valued at $800,000 and up as "luxury real estate".
Traditionally, South Natick is the neighborhood that is associated with larger and more expensive homes, but today, there are many street and neighborhoods that certainly fall into the category of high-end real estate. Some of these properties are one-of-a-kind. Many of these top-tier homes are in family neighborhoods and while you may not consider yourself a luxury homeowner, I assure you that in Natick, I consider you to be – and so will buyers!
Valuation Is Only One Part of the Overall Picture
Every home is unique in its, location, design, and finishes. The art and science of pricing a luxury property takes into account many criteria, including but not limited to:
- Surrounding homes
- Amenities, both of the property and the town
- Exceptional views
- Customizations of the home
- Historic or architectural significance.
- Other comparable relevant properties for sale and recently sold
- Experience and local knowledge of the agent representing your home
Bottom line – valuing and marketing a luxury home should not be left to simply listing with a neighbor, friend, or agent selected at random!