Sellers: 1 in 3 Buyers Will Pay Over Asking for Your Home

Courtesy of The Dawn Thomas Team

We’ve been saying this for quite awhile now, the inventory in the Silicon Valley Real Estate Market is low and the demand from overly qualified Buyers is high! Now a new study released has found that 1 in 3 buyers is willing to pay over asking for the house they want-it could be your house. If you’re sitting on the fence about selling your home; reach out to The Dawn Thomas Team today.

Luxury Mansion Reduced by $10 Million

Courtesy of: Hurwitz James Company by Unique Homes

In Coeur d’Alene, Idaho, an entertainer’s dream has been reduced by $10 million.

Through private entrance gates, a world of prestige and pleasure are introduced to the discerning buyer. The verdant grounds that surround the 26,000-square-foot home are host to a helipad, championship tennis courts, multiple pools, a par-3 golf hole and a 9-car garage that has space for a limousine.

LuxuryRealEstate.com Announces Katrina Campins of The Campins Company and Star of The First Season of The Apprentice As the Featured Speaker at the 8th Annual Luxury Real Estate Spring Retreat

Courtesy of: LuxuryRealEstate.com

Katrina S. Campins, Founder of The Campins Company, is among the most visible and successful real estate professionals in the country. Headquartered in Miami Beach, Florida, with offices in Chicago and Maryland as well as a proprietary network of brokers called The Campins Clique Nationwide, Katrina’s sales production ranks her among the top ½ percent of realtors’ nationwide. She has been featured in numerous publications including recognition as Realtor Magazine’s ‘Top 30 Under 30’ in 2004, Forbes, USA Today, NY Post, NY Times, Sports Illustrated, Ocean Drive, ESPN, Player Magazine, Variety Magazine, the covers of People Magazine, US Weekly, In Touch an d many more. Katrina continues to leverage her media exposure to further her real estate career and build The Campins brand, thus providing exposure to her properties and clients. Katrina has and continues to appear on NBC, VH1, E!, HGTV, SITV, Topps TV, Fox News, CNN, CNBC, ESPN, MTV, BBC and starred in Bravo’s docu-drama, Miami Social.

Denver Four Seasons Residences and Hotel Opening Soon!

By: Rollie Jordan of The Kentwood Companies at Cherry Creek

The highly anticipated grand opening of the Four Season Hotel and Private Residences Denver is approaching. The building is set to open in September of 2010.

At $350 million, this property is set to be the most expensive building ever built in the Denver area. 45 floors of luxury comprise the building including 102 private residences and 240 guest hotel rooms. Over half the private residences have been sold ranging in price from $ 895,000 to $7.5 million.

Now is The Time to Buy

By: Gail L. Krolick of Alpine Realty International

I believe we all know this, but we now have to get the buyers off the fence.

Housing Experts: Now Is a Perfect Time to Buy Don’t forget to remind potential buyers of something that is obvious to real estate professionals: Now is the time to buy, but that opportunity may be slipping away. For people who have a job and money, a dream house is within reach, writes Marc Roth, founder of Home Warranty of America and a columnist for BusinessWeek. He points out that mortgage rates remain low, prices are still at historic lows, and the government is offering incentives for first-time homebuyers. He also adds that the inventory of homes to buy is still large, but it is shrinking. According to the NATIONAL ASSOCIATION OF REALTORS®, the housing inventory peaked in November 2008 at an 11-month supply. At the end of May 2009, it had fallen to a 9.6-month supply. Roth says anyone who dallies will miss a good opportunity to buy a first home at a terrific price or go shopping for a move-up property that is a great buy.

REALTOR® report shows strength in Hawaii luxury real estate market

By Cedric Choi SEPTEMBER 2008 STATISTICS FOR SINGLE FAMILY RESIDENCES – HONOLULU, HAWAII Honolulu Board of REALTORS’® Monthly Statistical Report for September 2008 (released October 1, 2008). Each month, the Honolulu Board of REALTORS® issues a statistical report analyzing residential real estate activity on the island of Oahu. In addition to the general island-wide statistics, following is information for select individual neighborhoods: Waialae/Kahala – See page 8 of Monthly Statistical Report The statistics for this month are significantly different from last month, it is amazing! Comparing September 2007 to September 2008, the median price for a home in 2008 was down 33.3% (the same comparison for August 2007 and August 2008 showed the median price was up 37.8%). For the year-to-date statistics for January through September of 2007 versus January through September 2008, the median price for the neighborhood was up 7%.

New Cuba Gooding Jr. movie films at Grosse Pointe Park, Michigan estate

By Robert Lockard I have some very fun news to share. A new TNT movie starring Oscar® winner Cuba Gooding Jr. is currently filming in the Detroit area, and part of the filming is being done at a waterfront luxury home on Windmill Point Drive in Grosse Pointe Park. This property is being represented by Higbie Maxon Agney, Inc. Realtors, a member of Who’s Who in Luxury Real Estate and the Board of Regents. Check out this wonderful story in the Grosse Pointe News that I received earlier this week. Sorry I don’t have a link to the story online. Apparently, that newspaper doesn’t post some of their stories on their Web site, but luckily I have a PDF version of the printed article. The movie is called “Gifted Hands: The Story of Ben Carson” and it follows the life of Ben Carson, born into poor conditions, who was able to lift himself up and become a famed pediatric neurosurgeon. It’s scheduled to debut on TNT on Feb. 7, 2009. I love inspirational stories about good people triumphing over difficult circumstances. Actually, this discussion reminds of a blog entry that Jim Walberg, the co-Owner/Broker of The Bay Area Team, just wrote about not giving in to fear despite our difficult financial market.

Economic meltdown causes fear in East Bay real estate community

By Jim Walberg From his blog: Economic Meltdown Causes Fear In East Bay Real Estate Community! No matter how positive and resilient one is, we are in stormy economic times! However, opportunities abound in the midst of this economic hurricane! I was chatting with my friend, Bob Waun – president of Vacation Finance, which is headquartered in Michigan – about the financial meltdown going on in the credit markets and the stock markets. He asked if I was afraid for what is next for our real estate businesses in the Bay Area and the Caribbean. I told him, “Nah… we are still having the time of our life!” The mantra of a sailor is…, “Do not be fearful!” And, the definition of FEAR is False Evidence Appearing Real! If you didn’t know, my favorite condition in sailing is with the gunnels (side rails on each side of the boat) in the water and salt water spraying all over me. You can’t imagine the big grin on my face while I am sailing in those conditions. However, it is not the time for the faint of heart if you are a sailor in stormy seas. It is the time when experience pays off. Both our Bay Area and Caribbean real estate businesses are thriving… however, it is taking all hands on deck to pull it off. We are blessed with a great team who only look at the glass half full, and are committed to creating a GREAT experience for our customers. Many of our competitors are running down to Starbucks talking about how the sky is falling. The vacuum they are leaving within our real estate community is amazing, and whoever fills that void today will have a larger market share when the market shifts again – which it will. In order to make it through these tough financial times we all need to work together, side by side, realizing storms don’t last forever. At the end of Bob’s and my conversation, he left me with these thoughts:

Australia’s most expensive apartment sold in Potts Point

By Michael Marquette From his blog: Australia’s most expensive apartment SOLD in Potts Point Potts Point in Sydney has achieved Australia’s record apartment price with a $20 million penthouse sale. An undisclosed “prominent Sydney businessman” bought the apartment off-the-plan after the Sydney City Council approved the development on Monday. The two-level penthouse, with views across Woolloomooloo Bay towards the central business district, Sydney Harbour and the Opera House, will have 530 square metres of internal space and 115 square metres of balcony. The Wylde Street sale trumps an $18.2 million off-the-plan penthouse sale in East Melbourne and the $16.8 million Sydney record sale in Macquarie Street’s Bennelong block earlier this year.

Australian luxury real estate agent in final four for international award

By Michael Marquette From his blog: Australian Real Estate Agent in Final Four for International Real Estate Award Australian Michael Marquette, founder of Marquette Turner Luxury Homes, is one of only two non-American Award Nominees at the 13th Annual Luxury Real Estate Conference to be held in Philadelphia, Pennsylvania, USA on Saturday, October 11th through Tuesday, October 14th, 2008! One of only four international real estate agents nominated in the category of Outstanding Rookie, Michael Marquette will be joined at the award’s conference at the Ritz-Carlton by fellow agency founder Simon Turner. The Who’s Who in Luxury Real Estate network is the most prestigious luxury real estate organization in the world, and its website LuxuryRealEstate.com is the most-viewed luxury real estate portal in the world. The invitation-only industry peak body is made up of almost 6,000 offices worldwide. Marquette comments that “It is such an honour to have been initially invited to be a part of the exclusive Who’s Who, so to have been nominated for an award is truly humbling.”

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