A Certified Luxury Home Specialist and a member of Coldwell Banker Traditions Global Luxury and Lifestyles Team, I have worked with many clients over the past few years on the sale or purchase of a luxury home and am familiar with the lifestyle options and luxury home properties available in the Williamsburg area.
Below is a list of some of the luxury properties I have had the pleasure of selling. If you have specific questions regarding the Williamsburg area luxury market or if you want detailed information for recent home sales in your neighborhood, please contact me at (757) 254-6678 or tevans@cbwilliamsburg.com.
LUXURY & LIFESTYLE PROPERTIES SOLD
Fall Trends from the Institute for Luxury Home Marketing Report (September 2024)
PREFERENCE TRENDS
For homeowners looking to sell this fall, it’s important to recognize that location, customization, innovation, and “the experience” are driving sales in today’s luxury market and are expected to remain constant regardless of external factors.
LOCATION
Luxury buyer preferences have moved towards properties offering privacy, space, and lifestyle amenities. Proximity to nature, high-quality living, and access to exclusive services like golf courses, marinas, and private communities are top priorities, highlighting the need for spacious, multifunctional homes.
Non-urban luxury markets continue to experience a notable shift, with high-net-worth individuals increasingly investing in suburban, rural, and resort areas like beach spots, mountain retreats, and countryside getaways. These buyers prioritize privacy, tranquility, and scenic surroundings, seeking properties that offer both luxury and an escape from city life. The trend reflects a desire for balance and serenity in more remote, picturesque locations.
While these buyers seek space and tranquility, they still want access to luxury amenities like fine dining, shopping, golf courses, and cultural experiences.
Customized and Personalized Homes
Luxury buyers now demand personalized homes with custom features, from tailored layouts and materials like rare stones and hardwoods to unique spaces like wine cellars, theaters, and hobby rooms. These bespoke touches reflect individual tastes and needs.
Custom kitchens and bathrooms are top priorities for affluent buyers, often featuring state-of-the-art appliances, custom cabinetry, and spa-like bathrooms with steam showers, soaking tubs, and heated floors.
Many luxury homes also include recreation spaces such as home theaters, gyms, and bars, designed to entertain homeowners without leaving the property. These spaces are often highly customized to suit client preferences, including tennis and pickleball courts, music rooms, and wine cellars.
Modern developments are blending privacy with community living. Buyers seek secure, exclusive homes with shared spaces like gardens and lounges, allowing for social connectivity while maintaining personal retreats.
INNOVATION
High-end buyers expect integrated smart home systems for lighting, security, and entertainment. These features enhance convenience, security, and energy efficiency, emphasizing luxury through functionality and sustainability.
Luxury homes must balance aesthetics with functionality. Buyers demand multiple utility spaces like laundry rooms and butler’s pantries. Home offices are also essential, especially for high-level executives working remotely, often requiring at least two offices.
Outdoor spaces are now as luxurious as indoor areas, featuring outdoor kitchens, heated pools, and beautifully landscaped gardens. These spaces are designed for relaxation and entertainment, with features like fire pits, bars, and dining areas enhancing the overall experience.
Health and wellness have become central to luxury living, with clients increasingly seeking
If you have specific questions about the information provided or if you would like to learn more about the Coldwell Banker Global Luxury Marketing Program, contact me at (757) 254-6678 or tevans@cbwilliamsburg.com.
