A curious fact highlighted on the survey is that luxury property buyers tend to be more optimistic than regular buyers: seven out of 10 were confident the price of their property would increase in a year. And almost all said they would keep the house for a period of ten years, unlike traditional customers who usually keep their property for only six years.
The survey’s data reveals the lifestyle preferences in a state like California, one of the most exclusive destinations for homebuyers. And perhaps it is because the State is a commercial hub that attracts some of the most creative and productive businesses in the U.S. and the world. ■