Opportunity in the Luxury Market This Year

Opportunity in the Luxury Market This Year

Home and Art Magazine is a lifestyle publication dedicated to the intersection of beautiful living, thoughtful design, and creative expression. It celebrates the idea that a home is more than just a place to live—it is a reflection of personal style, cultural influence, and artistic vision. With a focus on interiors, architecture, art, travel, and inspired living, the magazine serves readers who value both aesthetics and meaning in the spaces they create.

At its heart, Home and Art Magazine explores how design shapes everyday life. From cozy apartments to expansive estates, from modern minimalism to timeless traditional spaces, the magazine showcases homes that tell stories. Each feature highlights not only the visual impact of a space, but also the people, ideas, and craftsmanship behind it. Readers are invited to look beyond trends and discover interiors that balance beauty, comfort, and functionality.

Art plays an equally important role in the magazine’s identity. Home and Art Magazine believes that art should not be confined to galleries—it belongs in living rooms, kitchens, hallways, and gardens. Through artist spotlights, collector features, and coverage of creative movements, the magazine connects fine art, decorative art, and everyday design. It encourages readers to see their homes as living canvases, where personal taste and creative expression can coexist freely.

In addition to interiors and art, the magazine offers rich lifestyle content that reflects how people truly live today. Travel features explore destinations through the lens of architecture, culture, and design. Editorials on sustainability, craftsmanship, and mindful living highlight the growing desire for homes that are not only beautiful, but also responsible and enduring. Food, entertaining, and home culture pieces round out the experience, creating a well-balanced portrait of modern living.

Home and Art Magazine is also a platform for professionals and creatives. Designers, architects, artists, builders, and makers are given space to share their work and their stories. The publication values authenticity and originality, spotlighting both established names and emerging voices who are shaping the future of home and design. In doing so, it becomes not just a source of inspiration, but a community where creativity and entrepreneurship meet.

What truly sets Home and Art Magazine apart is its belief that style should be personal, not intimidating. The magazine speaks to readers who want their homes to feel lived-in, meaningful, and reflective of who they are—not just perfectly staged. Whether someone is renovating a house, decorating a single room, collecting art, or simply dreaming about their next project, the magazine offers ideas that feel both aspirational and attainable.

Ultimately, Home and Art Magazine is about living beautifully and intentionally. It honors the spaces we inhabit, the art we love, and the stories we tell through design. By blending inspiration, practicality, and creativity, it invites readers to see their homes not just as places to stay—but as places to truly belong.

Opportunity in the Luxury Market This Year | MyKCM

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from first-time buyers looking for starter homes. It looks like buyer activity, however, is starting to show a shift in this segment.

According to the January Luxury Report from the Institute for Luxury Home Marketing (ILHM):

“In a snapshot of 2019, despite pessimism at the start of the year, the last quarter showcased a strengthening, with an upswing in the luxury market for sales in both the single family and condo markets.”

Momentum is growing, and those looking to enter the luxury market are poised for success in 2020 as well. With more inventory available at the upper-end, historically low interest rates, and increasing average wages, the stage is set for buyers with an interest in this tier to embrace the perfect move-up opportunity.

The report highlights the increase in buyer activity in this segment, resulting in growing sales toward the end of 2019:

“According to reports from many luxury real estate professionals, the significant increase in number of properties bought at the end of 2019 versus 2018 is reflective of an early 2019 holding pattern.

Many of early 2019’s prospective luxury buyers held off while waiting to see how prices would react to new tax regulations and other policy changes. Buyer confidence returned in late spring and compared to 2018, above average sales were reported in the final quarter of 2019.”

With evidence of strong buyer confidence, this is great news, as more homeowners are building equity and growing their net worth throughout the country:

“Many homeowners are now diversifying their wealth, owning several properties rather than a single mega mansion. In addition, there have been an increase number of home purchases taking place in smaller cities, reflecting the rising number of people relocating from major metropolises. Their property equity wealth or ability to pay high rental costs have afforded them the opportunity to purchase luxury properties in…secondary cities throughout North America.”

With a strong economy and a backdrop set for moving up this year, it’s a great time to explore the luxury market. Keep in mind, luxury can mean different things to different people, too. To one person, luxury is a secluded home with plenty of property and privacy. To another, it is a penthouse at the center of a bustling city. Knowing what characteristics mean luxury to you will help your agent understand what you’re after as you define the scope and location for the home of your dreams.

Bottom Line

If you’re thinking about upgrading your current house to a luxury home, or adding an additional property to your portfolio, let’s get together to determine if you’re ready to make your move.