Will Rising Interest Rates Impact Luxury Real Estate?

Will Rising Interest Rates Impact Luxury Real Estate?

  • Alissa Christie
  • 06/17/22

Will Rising Interest Rates Impact the Luxury Real Estate Market?

After much anticipation, the Fed raised the mortgage rates this week by three-quarters of a percentage point, the highest rate hike in 28 years! Coupled with increasing home prices, the rise in interest rates will impact what prospective home buyers can afford.

Will rising interest rates impact the luxury market, where there are typically more buyers who pay cash? 

While the answer to this question is unclear in general, we believe that rising mortgage rates will have less of an impact on the luxury market which is still very active in the Greater Newburyport area. There is a heightened buyer demand for high-end  homes due to an increase in a high net-worth bracket.  Existing affluent looking to add properties to their portfolio instead of investing in the stock market. 

New Luxury Homes for Sale 

Luxury Real Estate inventory continues to grow in Newburyport. In just a little over a week, we have seen over ten luxury properties (valued at over $1 million), hit the market.

Among the new listings in Newburyport are several fabulous luxury homes for sale brought to you by Alissa Christie.

87 High St. Newburyport

Alissa's first luxury listing is located at 87 High St., and is offered for $2,950,000.

Sitting proudly on The Ridge in Newburyport, this one-of-a-kind city estate celebrates the best of Georgian style with a modern restoration showcasing the home's natural beauty with high ceilings, beautiful moldings, wide pine floors and 8 fireplaces. 

18 Ashland Street, Newburyport  

Alissa's next offering is located at 18 Ashland St. and is listed for $1,775,000.  Custom designed with countless architectural elements, handmade tiles, wide white oak floors, and curated European light fixtures, this museum-like home is both an extraordinary residence and a living work of art. 

36 Daniel Lucy Way, Newburyport 

Alissa's next listing is listed for $1,650,000. Featuring a state of the art renovation reimagined for a modern lifestyle. The home’s centerpiece includes a sleek kitchen with an 11’ quartz island, crisp white cabinetry, beautiful tile, European Oak floors, Thermador Smart Appliances and a walk-in pantry. Check out Alissa's video below! 

16 Toppans Lane, Newburyport 

A Gardener’s Paradise meets a classic Newburyport lifestyle in this spectacular 4+ bed, 4.5 bath elegant home with a private outdoor oasis on prestigious Toppans Lane. Check out Alissa's video below!

Work With Alissa

I am dedicated to helping you navigate the process as seamlessly as possible doing everything I can to help you buy the right home at the right price, or get top dollar for what is probably your biggest financial investment.

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