LRE® Blog

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June 25, 2012

The Santa Barbara Solstice Celebration Arrives!

Courtesy of Staci Caplan and Michael Humphrey On June 20th, the 2012 summer solstice marked the first official day of the summer season. Though we've been enjoying the sunny skies, warm weather, perfect beaches, and great events for weeks now here in Santa Barbara (and of course the year-round luxury homes and real estate), it's not truly summer until the Santa Barbara Solstice Celebration. Nearing its 40th year, this festival has grown into a well loved and highly anticipated event in our coastal paradise.

June 21, 2012

Benissa: One of the Costa Blanca’s Hidden Secrets

Courtesy of Antonio Ribes Bas, Rimontgó Situated a few kilometres inland from Jávea and roughly 70 kilometres North of Alicante, the small town of Benissa is one of the Costa Blanca’s oldest, and its medieval centre has been meticulously maintained. Visitors tend to flock to the attractive Palacio de Torres-Orduña, which now acts as the town’s cultural centre and library.

June 18, 2012

Summer Isn’t What It Used To Be

Courtesy of Frederick Peters, President of Warburg Realty Twenty years ago the Manhattan real estate sales market slowed to a crawl every summer. Not so today! The red hot rental market is hotter than ever, with inventory remaining at record lows, and the sales market in most areas and price points are steaming as well. Here’s what my agents have told me this week about activity in the current marketplace:

June 18, 2012

The World Class Museums of Santa Barbara

Courtesy of Staci Caplan and Michael Humphrey of Sterling Properties & Estates - Santa Barbara Luxury Homes and Real Estate Santa Barbara is beautiful for many reasons - between the natural beauty of the coastline and the foothills, the historic architecture, the gorgeous luxury real estate, our premier selections of beaches and resorts, and special events such as the Santa Barbara International Film Festival and the Santa Barbara International Orchid Show, there's never a shortage of events to attend and sights to see. In addition, Santa Barbara is host to a number of excellent museums and a vibrant community-driven arts scene that always strives to encourage education and awareness of the arts and natural history.

June 15, 2012

San Jose del Cabo Ready to Host G20

Courtesy of Julie Kershner of Sotheby’s International Realty Mexico After a multi-million dollar facelift, including a new convention center in San Jose del Cabo, we are ready to host the G20 this week for 20 leaders from around the world, including President Obama. In addition, 5 other countries have been invited to attend. Exciting times!

June 15, 2012

Caught Between Indignation and Carrying On

Courtesy of Amat Immobiliaris Following the events of this last month the whole country, or nearly everybody, should be feeling indignant. Not a day passes without some bad news! The matter of Bankia tops it all, and yet is at the same time paradigmatic. We are speaking of figures so immense that we cannot reckon their true value, and yet nobody is accepting any responsibility. The rating agencies are continually lowering our rating, and that includes Catalonia, which has been doing its homework more and more. Central government has cut subsidies and aid for the handicapped by half, and we must ask whether that was really necessary. Obviously not! Why don’t they shed civil servants in those ministries that have for years been devoid of content? There are many, many reasons to feel indignant. If we added them up, each of us would have a sackload.

June 13, 2012

Decisions For Buying and Selling on the Luxury Real Estate Market

Courtesy of Antonio Ribes Bas, Rimontgó The luxury real estate market is an island in the greater sea of property markets and this is true just as much in Spain as in the rest of the world. However, obviously here we are not speaking about an “isolated territory” in terms of the economic, financial, local or global environmental factors.

June 11, 2012

Deep Breath

Courtesy of Frederick Peters, President of Warburg Realty Why buy real estate? If, as Michael Lewis suggests in “Boomerang”, the Greek government is just a big piñata at which every citizen had the right to a whack, and if Iceland is a land of fishermen turned failed hedge funders who blow up their cars at night for the insurance money, if the Irish built thousands of luxury homes for people who never even existed, much less had the wherewithal to buy them, and if there are no social services left in Vallejo, California because the tax base won’t support them, then why should anyone feel good about plunking down millions of dollars for a place anywhere in the world? If the U.S. debt is crippling the nation, and no one wants to pay higher taxes (though at least most of us do PAY taxes, which seems to put us ahead of an awful lot of Europeans!) what sense does it make to invest in the infrastructure of a financial system which is surely melting down?

June 11, 2012

Santa Ynez Valley Getaway - The Los Olivos Jazz and Olive Festival

Courtesy of Staci Caplan and Michael Humphrey of Sterling Properties & Estates - Santa Barbara Luxury Homes and Real Estate If you're looking for an indulgent day trip this weekend, look no further than the Santa Ynez Valley at the Los Olivos Jazz and Olive Festival. Just 35 minutes away from Santa Barbara, the little town has a lot of charm and makes for a great escape. With its breathtaking mountain views, historic past, and location in the heart of wine country, Los Olivos is an ideal choice for a day trip or for a lifetime, as the area offers no shortage of luxury real estate opportunities.

June 8, 2012

Palm Beach Gardens Growing...

Courtesy of Elyse Schneiderman of Leibowitz Realty Group Lots of great news for those in Palm Beach Gardens. Home sales are up in this part of the county. Buyers have returned. The Palm Beach Post and other real estate magazines claim that home prices have stabilized. Nobody can say that the prices will be higher in a few years, but I do not feel they will be lower. Rentals are very scarce, and the rental market seems to be doing quite well. Also, there are new homes being built again. Mirasol is built out and there will be no new homes to choose from in this area if a buyer wants a country club, except at Old Palm.
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