by Roberta Murphy Upgrades anyone? Last night, I spent a fun evening with an interesting Carlsbad Realtor who probably set a world record in San Diego luxury home upgrade sales in the late 1990s into 2003. Shara’s experiences in new luxury home sales will be an article for another time, but I thought it might be important to peer into the current hot items being demanded for new luxury homes….
by Roberta Murphy While going through a luxury home in Del Mar recently, our client was surprised to discover a snoring room off the opulent master suite. It measured perhaps 8 by 10 feet, and was furnished with a simple twin bed, a lamp and an easy chair. The room bore no resemblance to the larger bedroom, and at first glance might have been perceived as the proverbial dog house…
Many real estate agents, home sellers and home buyers roll their eyes and shrug their shoulders when the subject of variable or value range pricing for homes is discussed. This value range property pricing strategy has been successfully used in the San Diego real estate market since the mid-1990s. In those days, it was an innovative vehicle used to bridge the gap between sellers wanting yesterdays prices and buyers demanding…
We didnt win dinner out, but a dozen roses were awarded for our recent real estate Home Pricing Dangers article. The Real Estate Carnival was hosted by the Pittsburgh Homes Daily and offers up some juicy real estate reading. A deep thanks from us all to PHD editor Robert Melton, who spent hours during a raging snow storm going through the competing real estate articles. If such things were possible,…
Proposed by Roberta Murphy It’s probably unrealistic to wish for one of these on Valentine’s Eve, but it never hurts to dream (or hint!). I love the sexy looks of Jan Puylaaert’s illuminated tub, but Kohler with its patented SOK Tub for Two probably takes the honors. Note how it can be filled from an overhead fixture—and how champagne bubbles are generated with the touch of a switch. Kohler’s exquisitely designed and…
by Roberta Murphy Real estate pricing has become a minefield… particularly for homebuyers and homesellers in volatile markets such as California, Nevada, Arizona and other former hot spots. As real estate markets shift, the old comparable sales model for offers and pricing may no longer be quite so valid–and could in fact be dangerous. If sellers overprice their properties–based on prior sales that may have occurred some months ago–they run…
The San Francisco real estate market is almost one unto itself. But that is another article for another day. What we are reporting on is First Republic Banks Prestige Index, which covers the huge California real estate market. And this final article in the series focuses on the results for upscale home in the San Francisco metropolitan real estate market. The perpetually hot (huh?)San Franciso Bay area rose a slight…
by Roberta Murphy With a drumroll, lets reveal and discuss the results of First Republic Banks Prestige Index for Los Angeles, California. Our earlier article about San Diegos Prestige Index offered some interesting data. Hopefully our report on the Los Angeles luxury home market wont disappoint! As might be expected, the pace of luxury home appreciation in Los Angeles has cooled somewhat, but is far from being in the tank….
by Roberta Murphy First Republic Bank has created the first statistical model The Prestige Home Index that measures changes in home values in excess of $1 million in key California markets. What are some of the common features of these indexed homes? They have at least 3000 to 6000 feet, three to six bedrooms and three to six bathrooms, according to the study. Many are substantially larger. Digested reporting of…
by RobertaMurphy There was lots of year-end buzz about pop singer Michael Jackson selling his 2800–acre Santa Barbara County Neverland Ranch. Rolling Stone first reported that Jackson was trying to market the Santa Ynez ranch to soccer luminary David Beckham and his wife Victoria (Posh Spice). Those rumors had hardly been quieted, when another started making the rounds about Jackson selling Neverland on the Bravo television reality show, Million Dollar Listing: Hollywood—with…
