Luxury Real Estate Archive
It’s still a buyer’s market for properties selling for more than half a million. Tight inventories driven by negative equity and slow foreclosure processing and rising prices are having much less impact on luxury homes than on less expensive homes.
According to the Institute for Luxury Home Marketing’s weekly market report, the average days on market were 186 for luxury homes. Inventories for the luxury segment are about the same as they were in November. Median prices in the 31 markets that ILHM tracks have stayed fairly stable. Days on market range from a low of 111 days in Silicon Valley to 268 in New York.
There are many encouraging signs that point to a luxury real estate market that is making steady strides toward recovery. Nationwide, we are seeing a trend where inventories are lowering, listings are turning over quicker and more buyers
The biggest names in baseball have now departed Florida or Arizona and headed north for the start of the regular season. The rigors of a 162-game season can be tough for anyone, but a bad real estate market can be a big strike out for athletes who are more likely ...
To celebrate St. Patty’s Day, we have put together a shamrock-studded tribute to homes owned by our favorite Irish celebrities, socialites and—to pay homage to a St. Patty’s Day beverage of choice—notable beer tycoons.
Beer Maven’s Missouri Mansion
The home of August Anheuser Busch IV—renowned party boy and former CEO of Anheuser-Busch breweries—is located in Huntleigh, Mo., a wealthy suburb of St. Louis. Busch IV is the great-great-grandson of Anheuser-Busch founder Adolphus Busch, and the son of former Chairman, President and CEO August Busch III. Busch IV served as CEO of Anheuser-Busch prior to its acquisition by InBev in 2008.
Recently, the longtime personal residence of NBA legend Michael Jordan in Highland Park, Illinois, was presented for sale by Katherine Chez Malkin and will be marketed globally by Luxury Portfolio International.
We, the little people, are not alone. Or so say the gossip rags.
The country is riddled with houses in foreclosure—people from all walks of life have been hit hard,
The sad news of Whitney Houston’s death this past Saturday sent shockwaves through the recording industry as well as her worldwide fan base, who adored the singer for her many gifts in acting, modeling and of course her unforgettable and unmatched vocal talents.
Sotheby’s International Realty Affiliates LLC recently announced its luxury real estate services now are available in Barcelona, Spain with the opening of Barcelona Sotheby’s International Realty. ...
(MCT)—The British architect who designed Wembley Stadium and his wife, a publishing magnate, are the new owners of President Obama's summer retreat, Blue Heron Farm on the Vineyard.
According to the RE/MAX of New England Luxury Housing Report, the high-end price point in many of New England’s Top 15 luxury markets showed steadily increasing prices and offered fewer days on market than the national average, this quarter.
The end of the spring-summer buying season is taking its toll on luxury properties. Median days on market for homes selling over $500,000 has fallen 40 percent since the peak of the season in May.
RISMEDIA, July 21, 2011—Luxury Portfolio International™ recently released a White Paper titled “How Today’s Highly Affluent U.S. Consumer Selects Luxury Real Estate Associates and Brokerages.” The paper, a result of a study conducted by Harrison Group
RISMEDIA, May 11, 2011—Luxury market homebuyers looking for a piece of cinematic history and refined Georgian charm need look no further than the new-to-market Winnetka home for sale. Featured in the family movie, Home Alone, this stately home is listed for $2.4 million by Marissa Hopkins, a broker associate with Coldwell Banker Residential Brokerage
Conveniently located in the Chicago North Shore suburb of Winnetka, this red-brick colonial Georgian home sits dramatically on a beautifully landscaped half-acre lot, just blocks from the quaint village center and magnificent Lake Michigan. The owners of the “Home Alone Home,” John and Cynthia Abendshien, lived there while the movie was being filmed.
RISMEDIA, May 5, 2011—It’s still very much a “cold” buyer’s market according to the Institute for Luxury Home Marketing’s April 24 Luxury Housing Report, but early numbers from the spring home buying season suggest that demand is warming up.
RISMEDIA, April 30, 2011—Everyone is buzzing about the Royal Wedding—it’s hard not to miss all the news and rumors circulating around Kate Middleton and Prince William’s nuptials. According to a recent report, the Royal couple will be sharing a suite at Clarence House with Harry after returning from their honeymoon,