There have been several articles recently stating the luxury marketing is starting to come back.  Let’s look at some stats I gathered from the Triad MLS:

There were 14 sales in the last 6 months between $1,050,000 and $2,950,000.

The previous 6 months there were 9 sales between $1,013,000 and $1,075,000.

The same time frame in 2010 there were 10 sales between $1,100,000 and $1,625,000.

So, the numbers don’t lie…there have been definite improvements in the luxury price point in number of sales and sales price.  This is good news, are you sensing a “BUT” in here?

In 2005 in this same time frame there were 22 sales between $1,001,659 and $5,912.500.

I know, way to be a Debbie Downer Heather.  I only give you this information because I love you my readers.

While we are seeing improvements in the luxury market, I don’t think it is fair to anyone to call it a comeback.  There are a lot of sellers out there in the luxury market that are getting their hopes up.  It is still a very difficult market given the very small pool of buyers in this price range right now.

It has been predicted that we will never see sales the way we did in 2005, so as LL COOL J would say, “Don’t call it a come back.”  Let’s instead call it a very welcome improvement that we hope to see more of!