York Region luxury homes feature movie theatres, bowling alleys, more

YorkRegion.com

Location is the biggest factor for home buyers, but many other things come into consideration.

For the average home, an updated kitchen, spiffy bathroom renovation or new appliances can seal the deal for the owner and agent.

Upgraded amenities can add lustre to homes in York Region where, according to latest MLS indexes, single detached prices average $322,400 in Georgina to $774,000 in Richmond Hill.

The operative word is average.

When it comes to money-is-no-object, super affluent buyers browsing the rarefied realms of luxury real estate, uber-opulent amenities can be as eye popping as house prices.

In King, where upscale houses have recently sold for as much as $40 million, the included extras often cost as much as the average homeowner can afford as a home, Century 21 Heritage Group Ltd. broker Michele Denniston said.

In the country its all about land, acreage, the King real estate specialist said. Often there are barns, pool houses, outdoor kitchens and out buildings. Some are like second houses.

Sales of posh King properties are brisk, she said.

According to a December RE/MAX report, luxury home sales in the GTA, Canadas largest real estate market, continued to climb in 2013, rising 18 per cent to 1,908 units, setting a new record for activity priced in excess of $1.5 million.

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York Region luxury homes feature movie theatres, bowling alleys, more