Showing posts with label Luxury real estate. Show all posts
Showing posts with label Luxury real estate. Show all posts

Friday, May 23, 2008

Spending Trends Among Wealthy Women

Married wealthy women (wealthy is defined as HHI $150K+) make an average of 64% of a family's purchase decisions. These women make:
  • 68% of decisions on home appliances
  • 61% of decisions on vacations
  • 48% of decisions on home improvement purchases
  • 22% of investment decisions
  • 31% of real estate decisions
72% of wealthy women work on at least a part-time basis and 54% full-time. 60% earn at least $100,000 a year. The median annual income of working wealthy women is $124,000. 33% hold jobs at the vice-president level or higher.

Source: The Luxury Institute

Friday, May 9, 2008

Luxury Consumers Increased Spending on Art, Antiques, Cosmetics, And More

A new study by Unity Marketing revealed that luxury consumers were more willing in 2007 than in previous years to spend on:
  • art
  • antiques
  • building products
  • cosmetics
  • beauty products
  • fashion accessories
  • shoes
  • watches
Source: Unity Marketing

Tuesday, May 6, 2008

Top 10 Counties for Millionaire Households

From Los Angeles to the Hamptons, research company TNS ranks the top counties for millionaire households in the United States. Millionaire households are defined as those having at least $1 million in net worth, not including primary residence:


County Name
Number of Millionaire Households
1 Los Angeles Co., CA
261,081
2 Cook Co., IL
168,422
3 Maricopa Co., AZ 126,394
4 Orange Co., CA 115,396
5 Harris Co., TX 107,513
6 San Diego Co., CA 100,727
7 King Co., WA 75,616
8 Santa Clara Co., CA 72,932
9 Nassau Co., NY 71,869
10 Suffolk Co., NY (Hamptons)
71,343

Source: Wall Street Journal Wealth Report, May 6, 2008