luxury home market remains strong

Despite a downturn in the US housing market, the luxury home market remains strong in Cary NC and throughout the US. A record breaking $175 million real estate sale in Colorado breaks a new national record for the highest value home ever sold.While the overall U. S. housing market has taken a downturn, wealthy home buyers continue to invest in homes at the very top of the market. Evidence of the strength of the luxury home segment was revealed in late November with the sale of the Trinchera Ranch in Colorado for a record-setting $175 million. This sale breaks the U.S. residential sales record of $103 million set earlier this year in New York’s Hamptons.