October 26, 2020

Isrealli

Home Improvement

Despite rapid growth, these 3 US cities have deals for hopeful buyers

  • The pandemic has been a driver of rising home prices across the US as buyers compete for single-family homes and sellers remain reluctant to list.
  • Mansion Global reports that some luxe markets with big upticks in demand are still within reach for prospective homebuyers. 
  • Homebuyers and investors looking for property in Charleston, Park City, and San Francisco’s East Bay should act fast if they’re looking for a deal. 

The pandemic has been a driver of rising home prices across the US, as buyers compete for single-family homes and sellers remain reluctant to list amid volatility.

Luxury sales had been on a steady upswing dating from last October to this March, before they quickly went into reverse, according to a Redfin report. But the national median home price still set a new high this summer, as demand outstripped overall market supply, and the recent sentiment in major cities like New York is that the luxury market may be on its way back.

That said, some luxury markets still have deals on the offer, sitting in the sweet spot between just still affordable and with room for a return on investment. Mansion Global highlights three markets that have seen big upticks in demand. 

The takeaway is that investors looking for property in Charleston, Park City, and San Francisco’s East Bay should act fast if they’re looking for a deal. Read on to see why those markets stand out.

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