The Institute for Luxury Home Marketing includes a standard for all major north american real estate markets. In some cities, Luxury Homes are those which sell at over $1,000,000 while other markets have lower bars.
In Winnipeg for example, any house or condo which sells for $500,000 or more is considered a Luxury Home.Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube