by Roberta Murphy I love to go the Ruth’s Chris in Del Mar, Donovans in La Jolla and other fine steak houses–and always wonder how they get their perfect steaks. Of course, the meat is prime quality, but I’ve also heard it’s their 800-degree cooking surfaces that allow the steak to arrive so hot inside. The problem for me is tht I don’t have any surface in my home that even…
Jumbo Loans are Back with a Bang to Fuel the Luxury Real Estate Market by Selena Cowell Is the luxury real estate market on the mend? Home sales and prices are gradually rising in those places where the wealthy would like to plant their mailboxes–such as Chicago’s North Shore, the San Francisco Bay area, the haute Hamptons and the Rancho Santa Fe and La Jolla areas near San Diego. According…
by Roberta Murphy We have noted a decided uptick in our own luxury real estate market in San Diego. Home shoppers from Europe, Canada, Mexico, Asia and the United States seem to have collectively decided that now is the best time to invest in coastal San Diego–in communities ranging from Coronado and downtown San Diego to La Jolla, Del Mar, Solana Beach and Rancho Santa Fe. Apparently, this is a…
by Scott Murphy $57 Million as a sales price for a Hong Kong apartment? That’s a price that would make the most expensive areas around the world such as San Diego, Los Angeles, New York and even London cringe. This five-bedroom, 6158 square foot luxury duplex suite located at one of Hong Kong’s most prestigious addresses was bought by an unidentified Chinese buyer. And if you think that is…
by Roberta Murphy When the combination of urban luxury and sandy beaches come together, we might think of high rises in Miami, Los Angeles, La Jolla or Honolulu. San Diego County now boasts a second urban and beach destination: Oceanside Terraces, the new luxury midrise residence in downtown Oceanside. We spend a great deal of time here and think we are in heaven, because we are dealing with amazed guests…
by Roberta Murphy Once upon a time, we whispered about the “F” word creeping into luxury real estate. These days, it is common real estate talk. The Wall Street Journal quotes Realty Trac reporting that the number of $1-plus million homes in some stage of foreclosure has ballooned to 7,968 between January and August this year. This compares to 4,214 during the same months last year. Within these numbers, it…
by Roberta Murphy Who are these young and ultra-affluent buyers of homes in Rancho Santa Fe, Palm Beach, La Jolla, Aspen and Manhattan? Robert Frank, in his best-seller Richistan, calls them instapreneurs (didn’t he coin the term?). These are the new titans in technologies, who have benefited from a rise in financial speculation and governments that support free trade and wealth. Instapreneurs are not plodders when it comes to accumulating…
by Roberta Murphy Bob Dyson is a real estate legend who recently launched Sothebys real estate offices in the San Diego, Palm Springs and Las Vegas markets. He has kindly agreed to share some exciting news with us about a new real estate exchange program that is set to rock the San Diego real estate market mid-January. This program will do much to liberate locked-up equities in homes throughout Southern…
