What is happening in the Luxury Market?

In the recent research performed by the American Affluence Center, there were contradictions across the board, but those regarding the housing market were positive. The Fall 2010 report showed declining interest in many luxury markets with the exception of the primary residence.

According to the study, interest in acquiring a primary residence increased to a level unseen since the Fall of 2007. The study represents 11.4 million households with an average primary residence of $1.1 million and an average net worth of $3.1 million. Based on the study potential purchases can be projected to be 353,000 for vacation homes and 673,000 for primary residences.

It is believed that the increase in these numbers is a direct result of plans to build, by those who were a part of the survey. We hope to see a greater transition by the luxury market for custom home building versus the purchase of already built homes which may not be readily available.

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Luxury Custom Home Trends

Looking to build a new custom home? You may want to consider the latest feature trends for the custom built home.

Large kitchens, with an island—Kitchens have evolved from simply a place to cook, to the very center of a home. The kitchen has transitioned into the room where families gather to talk at the end of the day, creating the need for a larger space. A kitchen island can serve as much more than a focal point for the kitchen. Having an island will add an architectural separation to the kitchen, provide a larger work space and give family and friends a place to congregate in the kitchen.

Energy-efficient appliances—Custom home buyers are looking for a larger amount of “green” features, but recycled materials are not at the top of their list. At the present time, custom home buyers are interested mainly in energy efficient appliances for their luxury homes.

Main-floor master suite—Empty-nesters aren’t the only ones interested in a downstairs sleeping arrangement. One benefit created by the main-floor master suite is the distance from the noise created by guests or children. Another reason could be a private deck or patio off the master suite. Whatever your reason is, it is a good idea to consider building the master suite on the main-floor.

Outdoor living room—The outdoor space continues to grow in popularity as people opt to spend more time outdoors. Create a comfortable outdoor living space for your family and friends where they can enjoy good conversation surrounded by nature.

There are many new and exciting trends in the custom home sector and we’d love to discuss them with you. We currently have lots available but can also build on your lot.

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City Profile- Parkland Florida

If your looking to relocate to the South Florida area, Parkland may just be the perfect city for you to call home. This tranquil city nestled in Northwest Broward County is close enough to cities like Miami and Fort Lauderdale to allow for an easy outing yet far enough away that a feeling of community continues to resonate.

This self proclaimed "Environmentally Proud City" boasts numerous bike and walking paths, an equestrian center, and a citizen constructed 7-acre park. The city of Parkland promotes a healthy and enriched lifestyle by sponsoring numerous events that range from free computer and CPR classes to movies in the park and youth groups. All things combined, Parkland is an excellent place where you can find that community feeling in sunny South Florida.

Interested in making the move? The Villa Positano in Parkland Golf and Country Club could be the very dream home you have been envisioning. Just reduced to $3,474,00.00, this newly constructed custom built home is available now for you to enjoy. Check it out!

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