LRE® Blog

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August 26, 2014

What We Do

Courtesy of Frederick Peters, President of Warburg Realty One of my agents recently closed a $10 million plus deal in a top co-op. The buyer, a Wall Streeter who had made some unfortunate decisions during the recession a few years back, had accumulated a substantial amount of debt and a certain notoriety. But he had returned to full, multi-million dollar annual earnings with his own business and had the ability to pay all cash for the apartment owing to the recent, very successful sale of a summer house. (I have altered some details in this story to safeguard the buyer’s identity.)

August 25, 2014

Naples #2 in Top 5 Housing Markets on the Rise

Courtesy of Tamara Wright of Gulf Coast International Properties Home values were up 4.4 percent nationally from the second quarter of 2013 to the same period of 2014, according to data from the National Association of Realtors. Listed below are the five best markets where prices went up fastest. We are excited to see Naples, FL second on the list!

August 20, 2014

A Guide to Luxury Real Estate

Courtesy of Tracy Ellis The Tracy Ellis Team presents TRACY ELLIS: A GUIDE TO LUXURY REAL ESTATE – FALL 2014. Please feel free to flip through the fall edition of their luxury magazine by clicking on the cover below:

August 19, 2014

Bunny Mellon's Oak Spring Farm Hits the Market for $70M

Courtesy of Washington Fine Properties WASHINGTON, D.C. - Thomas B. Anderson, President of Washington Fine Properties, announced today that Washington Fine Properties will offer the truly remarkable 2,000 acre Upperville, Virginia farm of Rachel “Bunny” Lambert Mellon, who died earlier this year at the age of 103. One of the most important farms in America, Oak Spring Farm is where Paul and Bunny Mellon shared their many passions including horse breeding, horticulture, and art collecting.

August 19, 2014

Commercial Investment Property Sale in Daly City

Courtesy of Barbagelata Real Estate Barbagelata Real Estate would like to congratulate one of their top producers, Jerry Wang, on the $13,000,000 sale of an incredible commercial investment property! For more information on this sale or to contact any of their commercial agents, please visit realestatesf.com.

August 15, 2014

Top Housing Markets for CEOs

Courtesy of Laura Maguire of Gulf Coast International Properties A recent analysis of U.S. Census data identified the housing markets with the highest percentage of resident chief executive officers and legislators. Five of the ten top spots are in Florida, with the Naples market ranking #4. Clearly, CEOs enjoy the gorgeous year-round weather and abundance of sunshine. Florida is also a frequent choice because we have no individual state income tax. Another factor in Florida's popularity could be that many times a second home in a vacation destination can transition to a primary residence as working remotely becomes more feasible.

August 14, 2014

Historic Home Trade Show Coming in September

Courtesy of Zephyr Real Estate SAN FRANCISCO, CA – The second annual Historic Home Trade Show is coming on September 14, at its new and larger venue, the Golden Gate Club in the Presidio. The Trade Show, which runs from noon until 5 p.m., provides an opportunity for architects, contractors, tradespeople and related retailers to reach out, network and showcase their products and services to homeowners and colleagues.

August 14, 2014

From Coastal Estates to Family Farms, Prestigio’s Digital Magazine Has it All

Courtesy of Intero Real Estate Services, Inc. CUPERTINO, CA – Intero Real Estate Services, Inc., a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is releasing another issue of their Intero Prestigio digital magazine. The digital magazine is a combination of the innovative, tech savvy power of the Silicon Valley real estate company and their division specializing in high-end real estate, Intero Prestigio International. This issue includes a Craftsman Farmhouse located in Woodside on 6 acres with 2 guest houses and the historic Wilson House, a fully renovated 1870’s Italianate style home overlooking the city of Santa Cruz.

August 14, 2014

Too Fast or Too Slow

Courtesy of Frederick Peters, President of Warburg Realty I like to joke that, for many sellers, there are only two possible ways to regard the work of their real estate agents. If their property sells quickly, the seller fears the agent underpriced it. If the property does NOT sell quickly, then the agent’s marketing plan is inadequate. It can seem like a no-win situation for the agent, but more often than not it results from a couple of misunderstandings about how the market works, and how great our control over that market may be. To wit:

August 14, 2014

Mallorca and Ibiza Sotheby’s Int'l Realty Websites Reach New Heights in Traffic

Courtesy of Mallorca Sotheby’s International Realty For the first time in its history, the Sotheby’s International Realty global website (www.sir.com) exceeded one million visits in a month. This July, the site welcomed 1,042,043 online visitors, a 15% increase over the same month in 2013. Meanwhile the websites for Ibiza (www.ibiza-sothebysrealty.com) and Mallorca (www.mallorca-sothebysrealty.com) are making even greater strides, up 81% and 35% respectively for year-on-year traffic.
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