GREAT NEWS: Luxury Real Estate on the Road to Recovery
by Mike Wheatley – 22 September 2011
http://realtybiznews.com/luxury-real-estate-on-the-road-to-recovery/9875910/
Luxury home markets are bouncing back, with bidding wars heating up and properties being sold off at increasingly rapid speeds, bucking the trend set by other real estate markets, says a report in the Washington Post.
Properties valued at $1 million-plus have seen price increases of 0.7% since the end of February, compared to a 1.5% decrease in the value of homes under $1 million, according to the latest available statistics from Zillow.com.
“Luxury real estate is the housing market’s star performer right now,” said Zillow’s chief economist Stan Humphries.
In normal times, these two market segments usually move in the same direction, but now they are doing precisely the opposite. One reason is that a Wall Street rebound has helped fuel a desire for luxury homes on Long Island and in Hamptons, says the Washington Post, which has seen closings return to something close to the level they were at in 2007.
Also doing well is the luxury market segment in California’s Silicon Valley, which has seen double the number of home sales on $5 million-plus properties this year as compared to the last, on the back of a tech boom.
Experts add that international buyers are also playing a big part in the luxury housing market’s come back. Florida is a prime example of the foreign invasion of U.S. real estate, where almost a third of buyers are non-U.S. citizens. Throughout the U.S. as a whole meanwhile, foreign buyers have snapped up almost $82 billion worth of real estate in 2010, compared to just $66 billion the year before.
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NEWS ON TRACKER: The Big Day Coming Soon!
October 24, 2011
October 24 is the big day when Tracker will officially become ours!
Just thought you would like to know.
We can HARDLY WAIT!!!!
We’re just SAYIN’…
And it’s REALLY hard to get any work done around here…
(Maybe our tails are wagging in anticipation…)
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- BABY PHOTOS: Our New Puppy “Tracker” at 4 Weeks (realestatebrowser.wordpress.com)
PSBJ: Windermere Most Respected Real Estate Brand
Windermere News
Most Respected Real Estate Brands
Based on a 2011 survey of Puget Sound Business Journal readers.
Percentage of votes
1 Windermere Real Estate ……………….58.8%
2 John L. Scott Real Estate ………………..16.6%
3 Coldwell Banker Puget Sound Area Affiliates……………..6.9%
4 Redfin ……………………………..4.1%
5 Re/Max …………………………………4.0%
In an independent survey conducted by the Puget Sound Business Journal, readers were asked to identify Washington’s most respected company brands in a variety of business categories. Within the residential real estate category, Windermere Real Estate was selected by 58.8 percent of the survey respondents as the most respected real estate company brand in Washington
http://www.bizjournals.com/seattle/blog/2011/08/battle-of-the-brands-round-1-down-to.html?page=all
NOW OFFERED: Lakefront Resort/Restaurant on 3.4 Acres or 4.8 Acres
Lakefront Resort
Boat Dock, Restaurant, Lounge, Camping & more on 3+ Acres
Live, work, & play on the water! Hauser Lake in gorgeous North Idaho is the perfect venue for your business venture.
This 3+ Acre waterfront resort is a terrific business venture with room to grow.
Lake frontage, beach & boat dock beckon newcomers and returning friends to come and play! Visitors can spend the day swimming or boating in the water, lounging in the sun or the shade on the large lush lawn, and then enjoy a quiet evening under the stars in one of several campsites. Guest accommodations include tent and RV sites with hook-ups and bbq grills. Owners’ quarters may also be available on-site. (See below for purchase/acreage options.)
Hauser Lake Resort is ideal for events of all kinds!
The large 6000 square foot restaurant features indoor water view dining. Or dine “al fresco” in the picnic table seating on the spacious open deck.
The lounge features pool tables and bar with a full liquor license.
Dance floor is perfect for weddings or other group celebrations, and there is plenty of parking. Accommodate 5 or 500 with style and ease.
Happy patrons return year after year.
This property is offered on 3.4 Acres or on 4.6 Acres.
Offered on 3.4 Acres: $395,000
Offered on 4.6 Acres, including 2 rental units: $460,000
Acreage includes separate deeded lots for
HUGE Development Potential!
Call
Randy Oetken
of Windermere Coeur d’Alene Realty
for more details
208-660-0518
Check it out at
Take a VIRTUAL TOUR
JUST SOLD: Harrison Idaho area 6+ Acre Storybook Retreat
JUST SOLD in Hoffman Hills, Coeur d’Alene Idaho
BABY PHOTOS: Our New Puppy “Tracker” at 4 Weeks
We interrupt this typical ho-hum Monday afternoon for this breaking news: We have new photographs of “Tracker”!
Normally, we would beg your indulgence for posting personal photographs on our Real Estate blog…but REALLY! Have you ever SEEN a puppy so obviously intelligent and charming???
Here he is, at 4 weeks of age.
Undoubtedly, he is the cutest thing out there, and we thought we would give you a chance to agree…
The lower photos include him posing with his litter mate. “Tracker” is the adorable little guy on the right.
Incidentally, we haven’t yet finalized the spelling of his name. We may end up spelling it “TRAKKER” after all is said and done. Stay tuned for more information the moment it becomes available…
Related articles
- BABY PHOTOS: Our New Puppy “Tracker” at 4 Weeks (realestatebrowser.wordpress.com)
- Birth Announcement: Our Puppy Has Arrived! (realestatebrowser.wordpress.com)
- TRAKKER’S TAIL: First Day at Work (realestatebrowser.wordpress.com)
HUD Extends Unemployed Mortgage Relief Program
SHORT SALE: 6 Bedroom Hayden Area Home
SELLER’S LOSS = YOUR GAIN!
Short Sale!
3BR/2BA with 3 non-conforming additional rooms in a fully finished basement. Newer Laminate Flooring & Tiled Bath. Lovely ”Sun Room” addition off the kitchen area.
.3 Acre lot has front yard lined with mature deciduous trees for a very private feel.
Fenced back yard features berries – strawberries, blueberries & raspberries – and a pear tree.
Landscaping is partially complete.
$120,000
Call
Christy Oetken
of Windermere Coeur d’Alene Realty today:
208-660-0506
Check it out at