Friday, June 23, 2006

Selling Luxury Homes

In recent months there has been a noticeable presence of large residential homes for sale in Adelaide. As many would know Toop&Toop set the record price of 5.3 million dollars in January with the settlement of “Springwood Park” and subsequently followed up in April with the sale of the “The Myrtles” in Medindie at 5.2 million dollars.
At present we have “Clifton Manor” a large estate like property situated in the eastern suburbs of Adelaide and “Arbury Park” at Stirling which are both icon residential properties in South Australia. As can be seen with the 2006 record prices, the luxury market in Adelaide is alive and well and demand has never been better.
Historically homes in the multi million dollar price range would take years not weeks to sell, at present these properties have been selling within 3 months of release to the market. For those who are looking for an anecdotal type comparison to previous markets the best rule of thumb is that the 1 million dollar sale in 1990 would have secured a home with similar features that today is equivalent to the 4 million dollar sale.
Finding homes in the top end of the market, or for that matter pretty well any part of the market, the web stands head and shoulders above all other information sources so go to to have a really good look at what we have to offer. You will also find us on the major websites including Australia’s largest sites and If it’s only luxury you want, then have a snoop on the international level where you will find us (and other premium agencies from around the world) on
Happy house hunting!

Anthony Toop, Managing Director.

© Toop Real Estate Group

1 comment:

Anonymous said...

I completely agree. Websites are definitely the easiest way to find real estate these days.