5 Luxurious Places To Buy Real Estate in 2019
It’s the year for buying property because the sooner you make your investment, the more capital you will have in the end. Whether you are putting a down payment on a house for oneself, or you are looking at a rental property to make a rental income- these five places are places that will increase in value as the years go on. That being said, the initial cost of the property is higher than other places around the world. If you want luxury, it comes at a pretty penny. Let’s take a look at the 5 luxurious places to buy real estate in 2019:
1. Manhattan, New York
Manhattan, New York is a business capital of the world. The median list price is 25 million USD. The highest sold price in 2017 was 41 million USD and the average price per square foot is $4,885. Manhattan is a place that will always give you your ROI (return on investment.)
2. Los Angeles, California
Los Angeles, California is known for its central location, where many movie stars and celebrities live. The average list price in LA is around 10 million USD, with the highest place sold for 24.15 million in 2017. The price per square foot is around $2000.
3. Maui, Hawaii
Maui is known as a luxurious destination for people all across the globe. Any island, in general, is usually a little more expensive and luxurious. Since Maui is still apart of the United States, many people from the USA travel and live in Maui. Of course, visitors from all over the world would love to own property here and there is a market for it. The highest place sold in 2017 went for 16 million, with the average median list price at 4 million. Per square foot, it is around $969. Maui is a great investment option all around.
4. Sarasota, Florida
Sarasota, Florida is a beautiful destination year-round, with a high tourist rate each year. Sarasota is definitely on the lower budget in terms of our top 5 luxurious places to invest in real estate in 2019. The median list price for a place in Sarasota is around 3.5 million USD. Per square foot, you would be looking at approximately $700 USD. The highest sold price in 2017 was 9 million USD.
5. Aspen, Colorado
Aspen, Colorado is a big tourist spot in the winter due to the mountain range, and it was instituted as a mining camp back during the Colorado Silver Boom. Aspen was called ‘Aspen’ because of all the aspen trees in the location. The average median price for a place in Aspen, Colorado is around 10 million. The highest place sold in 2017 was 30 million. The median price per square foot is around $1600 USD.
According to Wealth-X “The world’s richest people own $2.7 trillion worth of real estate, and they flock to many of the same cities to buy property. The property prices are all based on single-family homes and the statistics came from Coldwell Banker + The Institute for Luxury Home Marketing. To find more properties in the area you are looking for click here!
1. Manhattan, New York
Manhattan, New York is a business capital of the world. The median list price is 25 million USD. The highest sold price in 2017 was 41 million USD and the average price per square foot is $4,885. Manhattan is a place that will always give you your ROI (return on investment.)
2. Los Angeles, California
Los Angeles, California is known for its central location, where many movie stars and celebrities live. The average list price in LA is around 10 million USD, with the highest place sold for 24.15 million in 2017. The price per square foot is around $2000.
3. Maui, Hawaii
Maui is known as a luxurious destination for people all across the globe. Any island, in general, is usually a little more expensive and luxurious. Since Maui is still apart of the United States, many people from the USA travel and live in Maui. Of course, visitors from all over the world would love to own property here and there is a market for it. The highest place sold in 2017 went for 16 million, with the average median list price at 4 million. Per square foot, it is around $969. Maui is a great investment option all around.
4. Sarasota, Florida
Sarasota, Florida is a beautiful destination year-round, with a high tourist rate each year. Sarasota is definitely on the lower budget in terms of our top 5 luxurious places to invest in real estate in 2019. The median list price for a place in Sarasota is around 3.5 million USD. Per square foot, you would be looking at approximately $700 USD. The highest sold price in 2017 was 9 million USD.
5. Aspen, Colorado
Aspen, Colorado is a big tourist spot in the winter due to the mountain range, and it was instituted as a mining camp back during the Colorado Silver Boom. Aspen was called ‘Aspen’ because of all the aspen trees in the location. The average median price for a place in Aspen, Colorado is around 10 million. The highest place sold in 2017 was 30 million. The median price per square foot is around $1600 USD.
According to Wealth-X “The world’s richest people own $2.7 trillion worth of real estate, and they flock to many of the same cities to buy property. The property prices are all based on single-family homes and the statistics came from Coldwell Banker + The Institute for Luxury Home Marketing. To find more properties in the area you are looking for click here!
