Luxury real estate has varied definitions across different markets, since median prices, median incomes, and property values can differ widely depending on location.
When it comes to most major American cities and metro areas, luxury homes typically start at the $1 million mark. But when it comes to places like New York City, which attract a great deal of foreign investment, the price point begins at $3 million and above.
In the Adirondacks and the Capital Region of Upstate New York, luxury isn’t in the price so much as it is in the details, with buyers choosing from an excellent selection of inland and waterfront homes.
The advantages of living in a luxury home
Whether it’s worth $1 million or $11 million, all luxury homes are distinguished by exquisite craftsmanship and high-end finishes like custom-built cabinetry and hardwood flooring. This is one instance where you truly get what you pay for
Luxury is also distinguished by location – high-end homes are typically located in prestigious and established neighborhoods. Buying a luxury home is often synonymous with living in a coveted address.
Luxury homes are often situated on oversized lots. This means you have the space you need to go about your day-to-day activities without having to worry about the neighbors. Such homes also often have state-of-the-art monitoring and alarm systems
Luxury homes often come with private amenities that will enhance your lifestyle. These include swimming pools, professional-grade kitchens, home theaters, tennis courts, basketball courts, and so on.
Luxury homes in Saratoga Springs, NY
Luxury homes in Saratoga Springs have plenty of living space, with some offering up to 10 bedrooms, including plush master suites.
Saratoga Springs can be found in the Adirondacks foothills, to the north of the Hudson Valley and the city of Ballston Spa. Called “Spa City” for the mineral springs that can be found here, it has been a resort city for the better part of two centuries. As such, the population, which normally rests at around 30,000, grows during the summer.
Luxury homes in Albany, NY
Buyers will find an array of luxury homes with Greek Revival and Colonial style architecture in Albany, the state capital. It is part of the Tri-City Area, along with Troy and Schenectady.
Located on the Hudson River’s western banks, Albany can be found midway between the Hudson Valley and the Adirondack Mountains.
Ready to trade up to a luxury home? The Keir Weimer Team will be more than happy to help you make the right choice. Call 1.518.290.3032 to get started.