May 22nd, 2020
A former Masters and British Open championship golfer and a rocker closed on new multimillion-dollar homes in April as the luxury market remains ahead of its 2019 pace despite the slowdown from the COVID-19 pandemic.
Home Builders Research reported there were 82 new-home closings of $1 million and above during the first four months, which was up from 75 during the same period of 2019. In April, when the region was shut down by the coronavirus, there were 26 luxury new-home closings, only one behind the 27 in April 2019. The bigger impact on new luxury home sales should be felt in coming months as closing numbers are recorded, the Las Vegas research firm reported.