Luxury Real Estate Blog

Economic Update For Week Ending March 6, 2021

Mar 06, 2021 — Tina Lucarelli, Rodeo Realty

U.S. employers added 379,000 jobs in February - The Department of Labor and Statics reported that 379,000 net new jobs were added in January. That’s a healthy turnaround from January when the economy gained just 49,000 jobs. The figure also stunned analysts who expected 210,000 new jobs due to a rapid drop in COVID cases that has allowed more of the economy to re-open. Most of the gains came from the hospitality and leisure sector which saw an increase of 355,000 jobs as employers re-hired workers upon re-opening. Of those 355,000 hospitality and leisure workers, 286,000 work in bars and restaurants, 36,000 in hotels, and 33,000 in gambling and recreation businesses. Despite the gains, the hospitality and leisure sector still has 3.5 million fewer workers than before the pandemic. The unemployment rate in January was 6.2%, down from 6.3% in January.  

Three Ways to Protect Yourself When Buying New Construction

Mar 05, 2021 — Kentwood Real Estate

When you’re looking to purchase a brand-new home, it’s wise to hire a real estate broker as your trusted advisor. Homebuilders are in the business of building and selling properties and maximizing profit. As any business would be. They’re not fiduciaries to buyers and will not give you the clear-eyed advice you need as you move through the process.

Greater Montreal's Real Estate Market Continues to Gain Momentum

Mar 05, 2021 — Profusion Realty

Westmount, Quebec, March 6th 2021 Every month, the Quebec Professional Association of Real Estate Brokers (QPAREB) releases a residential real estate market report featuring the most recent statistics for the Montreal Census Metropolitain Area (CMA).  While this week, the February 2021 report was released, statistics promise that the impressive growth in Montreal's real estate market is far from slowing down. 

LRE® on Tour - 3/5

Mar 05, 2021

The Door is Open Welcome to the LRE® on Tour weekly showcase. Enjoy this exclusive access to virtually tour exceptional homes from around the world listed by members of Who's Who in Luxury Real Estate.  Seattle, WA USA Premier custom estate offering the highest level of construction and design with captivating Lake Washington views.

St. Davids Offers Seclusion With Services

Mar 05, 2021 — McGarr Realty Corp., Brokerage

Sometimes, our McGarr Realty clients are easy to please. We were seeking a sort of seclusion, with easy access to services, the border and other cities,” one client recently told a McGarr Real Estate team member. You helped us find that, in St. Davids.” The Village of St. Davids, ON, was incorporated into the Town of Niagara-on-the-Lake in an amalgamation that took place in 1970. The Town itself is now composed of Old Town; Virgil; Queenston; Glendale and St. Davids, along with surrounding rural areas, including Homer and McNab.

What Do We Really Want in a House?

Mar 05, 2021 — 2Costa Rica Real Estate

One of the most important things that a real estate agent must have  is the ability to really pay attention and listen. Oftentimes clients  are not sure exactly what they want, until they see it.  An experienced real estate agent will pick up on cues and  understand what the person wants to communicate, not just what they say.  The pandemic has made evident a lot of things, and one of the things that has stirred the real estate industry is the appreciation for open space. Moreover, another tendency is that many people want to stray from typical condominiums because of strict regulations, lack of privacy, as well as oftentimes, expensive  homeowners association fees. When a client asks for green areas and a home outside of a condominium, it is important for their real estate agent to be able to know who their clients are, what their motivation is, and what their true drive may be.  While on the surface, a request for more green space outside of a condominium is just that, they are also describing the lifestyle they envision in Costa Rica. 

Just Listed | A Jewel in Jupiter | 111 Tresana Boulevard #25

Mar 05, 2021 — Echo Fine Properties

Celebrate the 𝗕𝗘𝗔𝗨𝗧𝗬 of Home ECHOnomics...A JEWEL IN JUPITER3 Beds | 3 Baths Elegantly appointed carriage home with designer touches and a gorgeous balcony - this is the best of luxury country club living!Jupiter Country Club is a luxury gated community with amenities including a Greg Norman designed golf course, 2 pools, 2 restaurants, a state-of-the-art fitness center, tennis, bocce ball, pickle ball & basketball.Take a virtual tour of the home and find out more: https://www.echofineproperties.com/search/results/111-tresana-boulevard-25-jupiter-fl-33478-rx-10696278-2606956/?reg=1Contact Sylvia Isaacs for info:561.371.6610Sylvia@EchoFineProperties.com

5 Tips for Buying a Luxury Home

Mar 04, 2021 — Sandra Jarock, LIV Sotheby's International Realty

Luxury homes are generally described as those in the top 10% of their market. Luxury homes are usually located in the most optimal areas in a market, are large in size, and built with high-end materials. Luxury homes often have unique design elements and amenities not found in most homes. Want an indoor shooting range, a rock-climbing wall, a ballroom, or a bowling alley? A luxury home might have one of these– or all of them!If you have not purchased in the luxury market before, you should be aware that the process can be very different from buying a standard single-family home. Here are some tips to help you navigate your way through the luxury home market.1) Be patient. Shopping for a luxury home may take longer than average. For one, there are not as many of them, which, of course, is what makes them special. Since many luxury homes have décor or features that are distinctive, quirky or eccentric, finding one that fits your style may take a little while. The closing process may also take longer as there is more to inspect, more to negotiate on, and often special circumstances to be worked out. Make sure you are getting what you want. When you are investing millions of dollars in a home, you want to make sure you don’t settle.2) Know where to look. Luxury homeowners, particularly if they are high-profile people in their area, often don’t want their home pictured on MLS. You may need to network with people in your desired area to find out what homes are being offered. Look online for luxury home sales websites such as luxuryrealestate.com or sothebysrealty.com3) Check for possible planned development. Don’t assume that the lovely pond or wooded park behind the property will always be there. Make sure you know of any development plans that may affect your view, the amenities around the property, and the future resale value. You don’t want to buy a home for its beautiful ocean or mountain views only to find out another property will be built in the way.4) Consult with your financial advisors. Make sure you qualify for the purchase amount you are thinking about. Luxury home sellers will often want to see proof that you qualify to purchase their home before they even allow a showing. If you do get a showing, you will certainly need to have your financial preparations done before you contemplate an offer. Everything is scrutinized more closely in the luxury price range. You should also make yourself aware of all the financing options available to you.5) Work with an experienced luxury home agent. The right agent knows all of these tips and more. We are knowledgeable in the high-end neighborhoods in our market area and understand the intricacies of negotiating and closing on luxury homes. Are you ready to purchase a luxury home? I’m available and ready to help you in your search!

VIDEO Walk-Through Tour Kolea 13E

Mar 04, 2021 — Johnny Mac McElree, Hawaii Luxury Listings, LLC

CLICK LINK TO VIEW VIRTUAL TOUR: https://youtu.be/J1v0FZW16HM 13E is a 2147 SF, 3 bedroom 3 & 1/2 bath condominium located in the beachfront community of Kolea, on the Kohala Coast of the Big Island of Hawaii. This second floor unit has been meticulously maintained and upgraded. Upgrades include wood flooring throughout, newly painted accent walls, energy efficient lighting, as well as a new energy efficient water heating system and refinished African mahogany cabinets in the kitchen. The property is being sold fully furnished and has the look and feel of a new unit. 13E has been relatively lightly used and has been rented only briefly, although the property does have a short-term rental vacation rental license.

Local CommUNITY: The Hybrid Chef

Mar 04, 2021 — Echo Fine Properties

PERSONALIZED MEAL PREP & DELIVERY! Echo Fine Properties Real Estate Agent Ana Esposito takes us to The Hybrid Chef in Abacoa & speaks to owner & chef, Tim Armstrong about his tasty business! Offering meal prep & delivery service with breakfast, lunch, dinner & everything in between! A fantastic weekly menu offers a variety of choices with vegan, vegetarian, paleo, & more.
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