News about exclusive Luxury Real Estate Properties.
John's Island Real Estate Company's Impressive Easter Weekend Sales.
French Riviera Luxury Property Prices down 5% in 2011.
Luxury Home Sales Soar in Silicon Valley.
Real Estate in Palm Springs getting a boost from 23rd. International Film Festival.
Foreigners' Sweetener: Buy House, Get a Visa .
Stronger Lure for Prospective Home Buyers
Luxury Home Values Rise in Third Quarter of 2011
Moscow to Lead Housing Price Growth
Housing to gradually improve in 2012, NAR economist says
Census finds thousands of Californians flocking to Texas
Increase in Foreign Investors Makes for a Unique Opportunity
Manhattan Luxury-Home Supply Dwindles as High-End Demand Jumps
Ribbon Cutting for Real Estate Discovery Center.
Stribling makes a splash in Italy
Exclusive Luxury Real Estate Properties related news.
John's Island Real Estate Company's Impressive Easter Weekend Sales.
VERO BEACH, FL, April 10, 2012 – John's Island Real Estate Company is pleased to announce six properties placed under contract during the Easter holiday. Company chairman Bob Gibb notes, "We have seen increased amount of activity this season. Buyers are aware of our 51 sales since November 2011. The best buying opportunities are now, and our new member ratio is the best we've seen in years."
New members are drawn to their robust website, www.JohnsIslandRealEstate.com, which is the only comprehensive John's Island resource with a strategic SEO-SEM campaign targeted to key national and international markets, in addition to the JI Club's new West Clubhouse, exquisite oceanfront Beach Club, new single's squash court and exceptional activities for all ages.
Since 1969, John's Island Real Estate Company specializes exclusively in John's Island properties. Their entire sales team lives on-site, year round and offers first-hand knowledge of the unique lifestyle, property ownership and architectural review standards. Named one of "America's Top 25 Golf Communities" by Travel & Leisure Golf, John's Island offers a family-oriented, ocean-to-river setting with three championship golf courses, 18 Har-tru tennis courts, North American double's and single's squash courts, professional croquet, health & fitness center, Beach Club and over three miles of private beaches. Call 800-327-3153 for a private tour. Open seven days a week.
French Riviera Luxury Property Prices down 5% in 2011.
The fresh data for the luxury holiday home market shows us that 2011 has been a year where prices on the Riviera went down, but also a year where the number of sales increased. It proves yet again that even in a difficult financial climate the French Riviera and its properties remain a secure investment and a preferred destination for second home buyers. In 2011 the average price for a luxury property declined by 5.06% but sales figures shows us a strong growth of 16.29% in the number of transactions, mainly due to better prices and a need for a safe investment.
• 2011 saw a 5.06% drop in luxury property prices on the French Riviera
• Sales are up by 16.29% as the Riviera remains a secure long term investment
• The average price for a Riviera luxury property is €2.117.349
The EstateNetFrance.com Research Luxury Property Index offers a unique and independent view of the French Riviera and Monaco's luxury property market. The monthly index reflects the evolving prime market, and for the first time provides authoritative data for the world's most exclusive holiday home destination. It segments the upper end of the market for apartments and villas within the Alpes-Maritimes department and Monaco, in groups of €1million to €3million, €3million to €5million, €5million to €10million, €10million to €20million and €20million and up.
Luxury Home Sales Soar in Silicon Valley, Coldwell Banker Residential Brokerage Reports.
Luxury home sales in Silicon Valley soared last month to their highest level since early summer as the high-end market continued to gain momentum, according to Coldwell Banker Residential Brokerage the South Bay's leading provider of luxury real estate services. A total of 232 homes sold for more than $1 million in Santa Clara County last month, up 39 percent from last November's total of 166 transactions. Sales were also up 44 percent from the previous month. The median sale price of a million-dollar-plus home also showed solid improvement climbing to $1,387,500, up 5.3 percent from the same month last year and 2.7 percent from October's median.
Real Estate in Palm Springs getting a boost from 23rd. International Film Festival.
Brad Schmett, Broker Associate with Luxury Homes by Keller Williams and real estate expert, has today announced that real estate in Palm Springs and nearby La Quinta, CA is getting a huge boost from George Clooney, Brad Pitt and the 23rd annual Palm Springs International Film Festival. The world-renowned film festival, which was founded in 1990 by then Palm Springs mayor Sonny Bono, will be rolling-out the red carpet in early January for Hollywood's most powerful movers and shakers. This year's star-studded event, which is expected to draw-in over 130,000 attendees, has recently put a significant focus on the Palm Springs, CA area – and given "top billing" to Palm Springs real estate.
Foreigners' Sweetener: Buy House, Get a Visa .
The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S. Supporters of the bill, co-authored by Sen. Charles Schumer, say it would help make up for American buyers who are holding back.
Foreigners have accounted for a growing share of home purchases in South Florida, Southern California, Arizona and other hard-hit markets. Chinese and Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates. WSJ's Nick Timiraos details a proposed plan in which foreigners who spend $500,000 in cash on U.S. real estate would be given visas. To fuel this demand, the proposed measure would offer visas to any foreigner making a cash investment of at least $500,000 on residential real-estate—a single-family house, condo or townhouse. Applicants can spend the entire amount on one house or spend as little as $250,000 on a residence and invest the rest in other residential real estate, which can be rented out.
Stronger Lure for Prospective Home Buyers
Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities. The Wall Street Journal's third-quarter survey of housing-market conditions in 28 of the nation's largest metropolitan areas found that home values declined in all but five markets compared with the second quarter, according to data from Zillow Inc. Meanwhile, rent levels have risen briskly across the country and mortgage rates, hovering around 4%, are the lowest in six decades.
Luxury Home Values Rise in Third Quarter of 2011
Luxury home values rose in Los Angeles, San Diego and San Francisco in the third quarter of 2011 compared to the second quarter, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading private bank and wealth management company.
For homes priced at $5 million and up, the market remains active," said Jane Brill Graven of Coldwell Banker Beverly Hills East. "There are well-qualified buyers who are looking for properties at the very top end and they have the upper hand.
Moscow to Lead Housing Price Growth
Moscow will have the steepest price growth next year among the world's most expensive cities for luxury homes because of a shortage of properties for sale, Knight Frank said. Prices for prime houses and apartments in the Russian capital will probably rise about 10 percent next year after a gain of less than 5 percent this year, the London-based real estate broker said in a report predicting home values for 25 cities. St. Petersburg ranked third, with values likely to gain 5 percent to 10 percent, the report showed.
Housing to gradually improve in 2012, NAR economist says
Gradual improvement in the housing market is expected next year, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year's record lows, the chief economist of the nation's largest real estate group said Friday. "Tight mortgage credit conditions have been holding back homebuyers all year, and consumer confidence has been shaky recently," Lawrence Yun, chief economist of the National Association of Realtors, said. "Nonetheless, there is a sizeable pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can't continue indefinitely."
Census finds thousands of Californians flocking to Texas
Census figures show more than 363,000 Californians moved to Texas over the past five years, helping the state to grow more than twice as fast as the nation as a whole since 2000.
Increase in Foreign Investors Makes for a Unique Opportunity
From prestigious coastal enclaves to exclusive inland communities, buyers from overseas are increasingly interested in owning a home in Southern California. But many find that learning the ins and outs of the region's broad spectrum of cities and communities can be overwhelming. That is where the professionals at Teles International, a division of the luxury real estate brokerage Teles Properties, are able to lend their valuable insight and guidance to prospective buyers from all over the globe.
Manhattan Luxury-Home Supply Dwindles as High-End Demand Jumps
Sales of Manhattan luxury apartments, defined as the top 10 percent of all condo and co-op transactions by price, jumped 17 percent in the third quarter from a year earlier, according to appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate.
Ribbon Cutting for Real Estate Discovery Center.
The Asheville based regional real estate brokerage and marketing firm Beverly-Hanks & Associates announces the grand re-opening of its Biltmore Park Town Square office. The firm transformed its expanded space into a
Real Estate Discovery Center featuring a relaxed atmosphere, media-rich property research tools, and an environment that encourages meaningful interactions with consumers.
Stribling makes a splash in Italy
Many New York City brokerages expand in attractive vacation locales, but
Stribling & Associates has gone via Italia. The luxury residential brokerage best known for its high-end Manhattan homes now represents about a dozen multimillion-dollar properties in some of Italy's most sought-after locales, including Tuscany and the Umbria region.
