One of the highest ranked of these niches is high-end luxury properties. Of course, as with all niches, what makes a property an “elite” one also varies widely by locale.
In Los Angeles, for example, the median price for a luxurious home is in the high seven figures, which is about four to five times that of a house in rural California. For luxury homes, income levels tend to be very high, with many people making six figures. In fact, according to a recent survey by the National Association of Realtors, many high-end homes are owned by millionaires, with many more renters paying thousands of dollars a month. In contrast, a typical “ranch” in rural California will go for around three hundred thousand dollars and is usually rented by middle-class families.
The luxury and high-end market is very well represented by a variety of different kinds of properties, from mansions and castles to ranches and country estates. Some of these have been in place for several centuries; others are newer. Many high-end homes and properties, of course, have features unique to them, including pools and fireplaces, which are very important to many people.
There are two main types of luxury and high-end real estate, which are top level homes and vacation homes. Top level homes, of course, are the ones that will appeal to those who would want to live in a large, fully furnished and gated community. This type of property is a good choice for those who want to invest in an investment property but do not have a lot of money to spend.
Another type of luxury and high-end real estate is called a vacation home, and is a great choice for someone who wants the comfort of a home away from home while still being able to have some access to recreational activities such as golf, tennis or horseback riding. These homes are typically small homes with all the comforts of home but also the conveniences of a vacation resort or hotel, such as a pool, spa, and internet. A luxury vacation home will usually be owned by a couple or family, who vacation in the summer and use it year-round as a way to make money for their next vacation.
Luxury properties are very attractive to investors because they come at a low cost to purchase and can increase in value quite rapidly. One of the reasons for this is that many of these properties are very sought after by tourists and vacationers. This market is one that is well suited to investment, since many vacation homes and luxury homes attract people looking for lower-cost housing options. If you’re interested in investing, a savvy real estate investor will target this market to find the right real estate that suits his needs and tastes.