LUXURY REAL ESTATE MARKET COMING OF AGE WITH YOUNGER BUYERS

There is an emerging trend in the luxury real estate market place.  It is a kind of “coming of age”, as in the age is coming down.

A new survey by the Luxury Institute finds that wealthy younger buyers are driving the luxury real estate market and are paving the way in a changing market place.  And, the bonus for luxury home sellers is that they are willing to pay more than similar wealthy buyers age 55 and older.

 

According to the survey of Americans age 21 or older with a minimum gross annual household income of $250,000, 43% of younger wealthy consumers are considering the purchase of residential property in the next 12 months, compared to 21% of those age 55 and older.

On average, these younger wealthy consumers spent more than $2.1 million on their most recent purchase of residential property, approximately twice the average amount spent by older and similarly wealthy luxury buyers, which was $1.1 million.

 

These young luxury buyers are leading a change in desired home amenities, whether they have young families or are single without children…they are looking for homes that fit their active and unique lifestyle.  Younger buyers are significantly more likely to want homes with amenities such as a pool, outdoor kitchen, home gym, home theater, wine cellar, and three or more garage spaces.

For the majority of luxury buyers, location is the most important factor when considering the purchase of resident property.  However, nearly one in four have the freedom to choose a property anywhere.  The Young luxury buyers have more freedom to choose a residence that truly fits their lifestyle and will not limit their search based on location.

  

4 Most Expensive Homes For Sale In St. Charles County MO

Check out these four most expensive homes currently on the market in St. Charles County, along with the luxurious amenities they have to offer.  

For more information and to view more pictures of the interior and exterior of these properties, just click on the addresses.

Naturally, when you're ready to personally tour any of the homes, just call JUDY WROZIER at (314) 348-4033.  But, be prepared....you'll have to prove you can afford it, just to enter the door!

1938 Hepperman Rd. - Wentzville - $770,000

Just over one year old, this farmhouse ranch sits on 3 acres in unincorporated St. Charles County.  With 4 bedrooms, 3.5 bathrooms, and a 3-car garage, this home features a shiplapped fireplace and fabulous custom master closet with access to laundry.  More living space in the finished walkout lower level.  (Listed by Berkshire Hathaway)

******************************************************

1020 Sycamore Creek Dr. - New Melle - $800,000

Need lots of garage space?  This 5 bedroom, 4.5 bath two story home has 6 garage spaces!  This home, on a 1 acre lot, offers so much living space with a finished walkout lower level.  The primary suite is located on the main level.  (Listed by CopperKey)

******************************************************

40 Windcastle Place - St. Charles 63304 - $1,495,000

This elegant, traditional 1.5 story home has over 7,000 square feet of living space!  With 6 bedrooms, 4 full baths, and 2 half baths this home features all kinds of amenities for entertaining.  Don't miss the newer inground pool.  (Listed by Coldwell Banker-Gundaker)

*******************************************************

7 Hillside Ct. - Wentzville - $20,000,000

This property has it all...and comes with a price!  With almost 16,000 square feet of living space, this English Country Estate sits on 20 acres and features stables, a sports field, playground, a pool with a lazy river and swim-up bar, and a waterfall grotto.  The home features 7 bedrooms (two primary suites), 10 full baths and 3 half baths.  You can never have too many fireplaces...and this home has 8!  There are way too many features to list here.  Truly the ultimate in luxury homes!  (Listed by Coldwell Banker-Gundaker)