Sonoma County Luxury Real Estate
November 4th, 2009 categories: Buyer Resource, Coastal Sonoma, Fountaingrove, Petaluma
Sonoma County Luxury Properties come in all shapes and sizes. I suppose Luxury is somewhat of a relative term, depending upon who you are talking to, and what you are talking about. Even though there may be different types of luxury, I think that people know luxury when they see it. Luxury, in my opinion, has to do with excess, and excess in style. For most people, tile countertops will work, however others need to have granite, or IceStone Countertops. Even with that, I have seen some really bad granite work (too many people trying to copy something they saw on Flip That House). I think a part of luxury is not just about materials, but also it has to incorporate quality workmanship as well.
Luxury Real Estate, as defined by Wikipedia, is a niche of Real Estate dedicated to the highest economic group of property buyers. I suppose I cannot argue with that definition, however, when I tend to think of Luxury Real Estate, I think of the durable good itself (luxury homes) and not necessarily the economic group of those who purchase it. After all, I know many people who are in the top 1% of all American wage earners who are currently buying up entry levels homes, duplexes, and fourplexes as diversified investment vehicles. They have noted that one can purchase a property, rent it out for more than the mortgage would be, and cash flow each month. Some will “get paid to wait” until prices return, sell the properties for a gain, and then buy bonds…as you know, you do not buy bonds to get rich, you buy them to stay rich. Anyway…the fact that high wage earners can by any type of properties, is the reason why I tend to think of the homes themselves when thinking of Luxury Real Estate. Going with that thought, I usually associate the term luxury with home of at least $500,000, and much higher in some areas.
Sonoma County Luxury Real Estate comes in all shapes and sizes. Whatever your view of Luxury Real Estate is, we are sure that Sonoma County offers it. Whether it is a hilltop estate in the Fountaingrove hills, a luxury golf course home at the Tuscan inspired Mayacama Country Club, a gated home, maybe a French style villa, on acreage away from neighbors, a Petaluma farmhouse with plenty of land, an estate with land for a small vineyard, or a contemporary Bodega Bay Home overlooking the Sonoma Coast, Sonoma County really does offer it all.
When buyers talk to us about Luxury Real Estate, they usually speak about one of the scenarios above, and I will talk about each in limited detail….In Tomorrow’s Article!
