Blog contributions are provided exclusively from Luxury Real Estate members throughout the world.
It has been another amazing year for the Marquette Turner Luxury Homes team and brand.
At the Luxury Real Estate Awards held on Tuesday night in Vail, Colorado Marquette Turner Luxury Homes (MTLH) was awarded “Best Luxury Real Estate Brand Integration”, ahead of more than 1700 companies from more than 65 countries around the World. The award is arguably one of the most prestigious to be given on the night.
The award recognizes the strength of the MTLH brand together with our successful integration of all the best that LuxuryRealEstate.com has to offer. It is another wonderful leap forward for the company after winning “Most Outstanding Agency in the World Under 2 Years Old (Most Outstanding Rookie) in 2008.
Simon Turner, Christine Watson and I accepted the award at a glittering ceremony held at the Ritz Carlton Hotel, Bachelor Gulch in front of the best Agents and Brokers in the World. Recognition of the Brand places MTLH ahead of other Luxury Brands like Christies and Sothebys.
The Who’s Who in Luxury Real Estate is the World’s peak real estate body, whose award ceremony is akin to winning an Academy Award in the World of show business. I thank our clients, family and friends for the support we have received and we promise another unbelievable year in 2010.
By Jean-Yves Piton
Are you presently offering “green” luxury homes to your clients?
With the growing concern for global warming and the depletion of energy, there is an ever-rising enthusiasm for eco-friendly alternatives worldwide.
Clearly, both energy efficient products and organic goods are in high demand with rapidly increasing market shares vis-à-vis other traditional and commercial goods.
For instance, in the automotive industry, Toyota clearly sets the tone vis-à-vis other car manufacturers by pursuing the very successful, environmentally friendly niche market with its world-renowned hybrid vehicle, the Toyota Prius.
Are you embracing the emerging interest in green real estate and responding to the specific needs of a nature-conscious and educated client base?
According to www.whatgreenhome.com, eco-developers and eco-brokers offer green properties with sought-after features like zero-carbon, zero-waste, sustainable water, local and sustainable building materials and sustainable transport at premium prices around the globe.
Just recently, new green luxury properties are also automatically delivered with a Toyota Prius in the garage at a minimum cost of $2 million USD!
The trend is here! And it will keep on growing as governments around the planet are rethinking policies for nature-friendly communities.
Jean-Yves Piton is the Global Services Membership Manager for LuxuryRealEstate.com. He assists Bente Madtsen, the Director of Global Services, in expanding the LuxuryRealEstate.com brand into even more countries around the world. I’m actually writing an editorial for the winter 2009 issue of LuxuryRealEstate.com Magazine on “green” luxury homes. Jean-Yves brings up some good points in this blog entry. It’s always nice to save money on energy, especially since energy prices are quite high at the moment. I’d like to make one point, though. In the spirit of healthy debate, I would like to offer the following link to the 2008 International Conference on Climate Change. I highly recommend listening to these scientists. They have strong evidence that human activity accounts for just a small fraction of global warming, and reducing our carbon emissions will likely have little, if any, effect on the well-being of our planet while costing far too much money. The photo of the green apartment is from www.flickr.com/photos/papalars/375415219 and it is the copyright of papalars.
By Janice Ridge
There are studies that indicate that both buyers and their agents are attracted to online listings that include photos. In fact, when I am searching MLS for a property for a client, I won’t even look at a listing that doesn’t have photos! And I am a real-estate professional! Truth is, most MLS photos are not that good. That’s why most real estate professionals go directly to the agent’s website to see better photos. I imagine the online consumer does, too.
In general, you would think that with the huge marketing opportunity of presenting photos online the quality would be better, but it isn’t. At LuxuryRealEstate.com, we are committed to making our photos stand out. I think we do a great job, don’t you?
But what I want to know is this: Does anyone know of any studies that show that videos on the Internet help to sell real estate? Is this something in which LuxuryRealEstate.com should invest for our members’ listings? Or are you as happy as I am with the quality of the online photos on LuxuryRealEstate.com?
As the Director of Membership & Relocation at LuxuryRealEstate.com, and herself a licensed REALTOR®, Janice Ridge is devoted to coordinating the efforts of all of the LuxuryRealEstate.com membership and Account Managers, so that each of our members is given superior service. Photos are essential for advertising luxury homes for sale, whether in print or online media. I can’t think of a better photographer than Ilya Moshenskiy, the Principal Photographer of Ilya’s Photography. He is one of the finest luxury photographers in the business, and he can bring out the most amazing qualities in your homes. Jim Walberg recently gave some wonderful praise for Ilya’s fine photography. The photo above is an example of Ilya’s work and it is copyright of Ilya’s Photography.
By Renaud Rippert
Before the current season began, there was some concern as to how the real-estate market in Saint Barts would fare, given the number of uncertainties which presently affect global markets.
This concern is clearly justified by factors such as the sub-prime financial crisis, the weakness of the U.S. dollar in comparison to the Euro, and the economic hardship felt in parts of Europe and, most notably, across the United States.
In reality, for Saint Barts, the analysis is very positive.
The island’s position as a particularly unique market has only been reaffirmed. It remains limited in size and thus in development opportunities and its patrons have proven to be less affected by the factors cited above.
North American clients, who continue to show emotional attachment to the island and who find themselves so conveniently located geographically, are able to invest in a strong and secure market and to diversify their investments in a dominant currency.
Europeans, who are less troubled by our currency, are more and more present in our high-end market, which remains reasonable in comparison to other affluent markets, where such clients are frequent investors, as well.
This being said, one can safely affirm that our market is experiencing neither a rise nor a fall, but rather a consolidation of justified pricing. Because, on the contrary, the overestimation of certain properties, which has been observed in the past two years, no longer allows for finding a buyer. Regarding the high-end spectrum of the market, there is considerable demand for such products, with significant prices being offered on exceptional properties. In this respect, the situation in Saint Barts is comparable to those markets that attract a similar clientele, such as The Hamptons, Aspen and the more desirable neighborhoods of London.
As an agency historically and intimately linked to the creation and development of the real-estate market in Saint Barts, Sibarth Real Estate has consistently positioned itself as a “market regulator,” advocating the preservation of the market’s stability over time. We have never participated in the thoughtless inflation of prices or sought to simply market the “Saint-Barth Effect.” It is our mission to sell properties in Saint Barts for their intrinsic quality, and certainly not to sell them to the detriment of the island, capitalizing solely on its popularity, with no respect for appropriate counter values. Our conservative appraisals support a long-term vision, anticipating the present consolidation of our market.
Renaud Rippert is a real-estate agent with Sibarth Real Estate, a LuxuryRealEstate.com member in Saint Barthélemy, Guadeloupe. This is absolutely wonderful. It is so nice to hear from decent, respectful people who will stand up for good and not sell themselves short for a quick sale. Good work being such a responsible brokerage, Sibarth Real Estate. You set a great example for others to follow and I applaud your efforts.
By Patrick Randi Real Estate
Patrick Randi opened his real-estate agency on the left bank of Paris in 1989. Since that date, our office has been playing an important part in the sales on the left bank, which includes the famous V, VI and VII districts and arrondissements of Paris.
While the V district is the oldest, it features many XVI-century buildings, made out of stones and beamed ceilings. It is a colorful district, attracting many students (the Sorbonne), and the apartments are generally smaller and charming.
The VI district is a mixture between the V and the VII centuries, with different periods of construction going from the charming little place to the more exclusive residences.
The VII district is prestigious since, historically, in the XVII, XVIII and XIX centuries enormous mansions with unbelievable gardens were built. Most of them are occupied by French government institutions (Hotel Matignon, house of our Prime Minister), therefore leaving less space for privately owned properties. It is divided in two different areas: St Germain, which is busy with hotels, restaurants and high-end shopping, and the Champs de Mars (Eiffel Tower), which is more residential and quiet. Foreigners adore these three districts, the entire world enjoy walking their attractive streets, where watching is an endless game to play. The Marais is quite similar to the left bank, very active and intriguing.
We also sell many properties on the right bank, the most exclusive being the VIII-century (Avenue Montaigne) and the XVI district (Etoile). These areas are glamorous and we have for sale there a choice group of XIX district apartments. Foreigners also find there the Museums (Grand Palais, etc.), the restaurants and shopping, they are attracted by wider avenues and very large flats (10,000 square feet on Avenue Foch or Avenue d’Iéna), suitable for clients from Russia, the Persian Gulf and United States. In Neuilly, the exclusive suburb of Paris, we handle sales of large mansions with enormous gardens, it is a greener space.
Old prominent French families(most of them a client) live in all these privileged arrondissements, in secluded and amazing properties, featuring the parquet floors, fireplaces and moldings, marvelous showcases for precious family antiques.
The attraction of Paris all over the world is always growing and therefore it may take some time finding the property of one’s dream. Private individuals, as well as investors, are willing to place their money on an ever-increasing market and take advantage of a unique lifestyle.
In Paris, the supply has never been able to keep up with demand, and the prices increase accordingly.
Our most important sales have been to French tycoons, Europeans, Americans, Persian Gulf residents and now we start to welcome Russians and Asians, all of whom are looking for a typically Parisian apartment.
We are lucky enough to be confronted each day with this diversity and vast history. It is fun to encourage and help our foreign clients to «play the French», showing them the open air-markets, the quaint unknown areas, all the little «codes» that make up the French mind or way of life. If we take good care of our long-time French families, we enjoy very much meeting and helping clients from all over the world to settle in Paris for a while or why not forever?
Patrick Randi is the Founder and President of Patrick Randi Real Estate in Paris, France. He is a distinguished member of Who’s Who in Luxury Real Estate. This is a great blog entry, giving us a taste of the French luxury market and Parisian delights. By the way, Paris is where the 4th Annual Luxury Real Estate International Conference will be hosted. Be sure to sign up for it! The photo is from www.flickr.com/photos/tangysd/2139262874 and it is the copyright of skinnydiver.
By Robert Lockard
On Friday, June 13, 2008, Ewing & Clark, Inc. closed on the sale of a Lake Washington waterfront home in Seattle for $13,300,000, marking the second-highest Seattle real-estate sale in the past eight years. John Brian Losh, Betsy Terry and Jane Powers were the listing agents of the property. This home includes 6,000 square feet of living space, a tennis court and boathouse on a 20,000-square-foot lot with 146 feet of shoreline.
In February, they closed on a home at 1620 Washington Blvd. on Lake Washington for $15,800,000. These are the second- and third-highest sales in Seattle history and the two highest sales in Seattle in eight years. Congratulations!
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. Ewing & Clark is a member of the Board of Regents.
By Meghan Barry
If you have ever visited the LuxuryRealEstate.com Headquarters in Seattle, near the historic Pike Place Market, you may have been to the rooftop deck on top of our building. A popular spot for staff gatherings and summertime lunches, this deck boasts expansive views of Puget Sound and Downtown Seattle. What a perfect place to view Fourth of July fireworks!
In-city living often has its limitation with access to the outdoors. However, on LuxuryRealEstate.com there seems to be ample opportunities to purchase a home with the convenience of a metropolitan location, yet with a ground-floor garden, multilevel terraces, or rooftop decks.
This is an appealing option on New York City, listed by Stribling & Associates, Ltd., in the heart of Chelsea’s gallery district. Looks like the perfect place for a hip Fourth of July barbecue.
Or this one in Boston, listed by Hammond Residential GMAC Real Estate. You can almost hear the fireworks… and the drum beating of Minutemen.
A 2005 Recipient of The Carolopolis Award for New Construction, this home has maintained that quintessential Charleston style, with a modern updates. What a stunning view! It’s listed by Disher, Hamrick & Myers.
Meghan Barry is the Executive Vice President of LuxuryRealEstate.com. She works closely with CEO/Publisher John Brian Losh to organize a variety of Luxury Real Estate programs, events and services. Each of the brokers who represent the properties in this blog entry is a member of the Board of Regents, the governing body of LuxuryRealEstate.com. There are plenty of ways to enjoy the Fourth of July, and hopefully you’ll have a great holiday.
By Robert Lockard
Check out this great article I recently read in the Arizona Daily Star, entitled “Home, art inside are both for sale.” I think the sellers in this article are onto something pretty smart by joining forces with a local art museum to sell their property.
Author Christie Smythe points out that showing art in a home can be beneficial for both the artists and the home sellers. Beautiful paintings, sculptures and other pieces of art can add something special to a home that makes it more memorable to potential buyers. Plus, the artists receive exposure to new viewers and their works of art are sold with the house.
This takes home staging to a whole new level. Ordinarily, a staged home isn’t sold in the condition in which it is first shown to buyers. But in this case, all of the art will stay with the house when it is purchased. That’s a pretty novel idea, I think. This is a smart solution because both art and real-estate markets in many parts of the United States are falling on hard times at the moment. Perhaps by joining forces, these two industries can prove that the whole is greater than the sum of its parts.
The photo above is courtesy of Ilya Estate Photography.
Barbara Stahura, a talented freelance writer, brought this article to my attention. She recently interviewed John Brian Losh, the CEO/Publisher of LuxuryRealEstate.com, for an article she’s writing on “green” luxury homes for an upcoming issue of Steinway & Sons Magazine.
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. What do you think about this creative idea? What are some other ways brokers and agents can attract luxury real estate buyers in tough markets?
By Meghan Barry
It’s not unusual for the members of Who’s Who in Luxury Real Estate to represent high-profile individuals in a real estate transaction – actors, professional athletes, musicians, Fortune 500 CEOs and politicians are frequently on our members’ list of clients. Celebrities often demand the highest level of service, and have the means to afford luxury living.
Country-music superstar Kenny Rogers is selling his $7.9 million Atlanta, Ga. home to live full-time on his 150-acre estate in Athens, Ga., according to a Wall Street Journal article. Although he still tours part of the year, Mr. Rogers is thinking about retiring. “This may be my last year,” he says.
In Newsday, we find that stylist couple Jonathan Adler, judge of “Top Design,” and Simon Doonan, creative director for Barney’s, recently bought a second home on Shelter Island. “We stumbled upon Shelter Island and just instantly fell in love. It’s just so mellow and chill, and there’s something about that five-minute ferry ride, it keeps it all away.”
The Montana ranch of late fashion designer Liz Claiborne sold for close to its $7.5 million asking price, The Wall Street Journal said. About 75 miles north of Missoula, the ranch includes a private lake and a nearly 9,000-square-foot house with indoor pool, guest house, indoor riding arena and a helicopter pad.
Halstead Property represented Joy Behar of ABC’s “The View” in the purchase of a $2.555 million for a two-bedroom co-op apartment in the Astor Court building on Manhattan’s Upper West Side.
Husband-and-wife actors Ted Danson and Mary Steenburgen sold their five-bedroom house in Malibu, Calif. for an undisclosed price – the property was listed for $16.75 million.
Meghan Barry is the Executive Vice President of LuxuryRealEstate.com. She works closely with CEO/Publisher John Brian Losh to organize a variety of Luxury Real Estate programs, events and services. Lifestyles of the rich and famous – that’s the first thing that popped into my head when I read this blog entry. Luxury real estate is definitely a magnet for the wealthy and well-known, so it’s no wonder we find LuxuryRealEstate.com members working closely with big names.
By Meghan Barry
Currently listed on LuxuryRealEstate.com is the 40-acre estate in Greenwich, Conn. of a certain recently deceased New York City hotel operator and real estate investor known for her flamboyant personality and reputation for tyrannical behavior. It is being represented by David Ogilvy & Associates, Inc.
Meghan Barry is the Executive Vice President of LuxuryRealEstate.com. She works closely with CEO/Publisher John Brian Losh to organize a variety of Luxury Real Estate programs, events and services. This property is currently listed for an amazing price of $125,000,000. Simply incredible.
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