by Roberta Murphy I awoke at 4:30 a.m. yesterday morning with a sense of dread, quickly remembering that there is a demon called the Witch Creek Fire raging in the communities around our home in La Costa. It is just one of several mega firestorms raging in San Diego County–but is the one we fear(ed) the most. Monday afternoon, our Reverse 911 system called to inform us we are under…
Owners of luxury real estate in San Diego should be celebrating because of the long-awaited arrival of Sotheby’s International Realty. It’s been a long time coming, but luxury listings in San Diego County will now reach the plasma displays at Sotheby’s Auctions throughout the world. Passing by the Sotheby’s real estate desk, an equestrian property in Rancho Santa Fe might tweak the interest of buyers attending a contemporary art sale…
by Roberta Murphy This is Part One of an ongoing series about Luxury Home Buyers, their expectations, origins and trends. This first article in the series will look at these buyers and what they expect from their luxury real estate agents. For some reason, I thought market knowledge and keen negotiating skills would head the list for luxury home buyers, but a recent 2007 membership survey conducted by the Luxury…
by Roberta Murphy It came as a total surprise when I received an email from International Listings that Luxury Home Digest had been tapped as one of the top 8 Home Buying blogs in the country–and one of the top 100 Real Estate Blogs. WOW! I join the other winners in this category in thanking the judges at International Listings for this special real estate honor: Barbara Corcoran Ink: Barbara…
by Roberta Murphy I was asked to share some simple Feng Shui tips for home offices, written by Laura Milligan over at the Bootstrapper Blog. She lists 50 great ones, but I’ll tease you with a few she has listed in her article. In spite of a personal bookshelf full of Feng Shui education, I found these suggestions particularly useful in that I am currently refiguring my own home office…
by Roberta Murphy $50 million is the new $30 million, says Glenn Roberts over at the Inman News Blog–especially when it comes to high end luxury homes. Citing a 2007 Mid-Year Luxury Report by Stribling Private Brokerage, Roberts explains how just a few years ago, even a rumor of a $30 million real estate sale in Manhattan would create big buzz. But since the sale of a $53 million property…
by Roberta Murphy Brad Inman this morning wrote an excellent article about the mortgage and real estate crisis that has gripped so many markets in the United States–and elsewhere. In The Housing Market Blame Game, Inman reports that even formerly raging real estate markets that were once seen as unshakable, such as Manhattan, are now beginning to share the pain with regions that had collapsed earlier. Many blame the real…
by Eric Murphy We follow luxury listings throughout the world, and when a home listed above $50 million hits the market, it’s NEWS by any stretch of the imagination. And San Diego is just the latest to break that barrier. Priced at $76 Million, this circa 1937 oceanfront Del Mar trophy estate sits on nearly 5.5 singular acres. The two story home has nine bedrooms and six-and-a-half bathrooms and ocean…
by Roberta Murphy Its always interesting to know how metropolitan communities stack up when it comes to median household income, and San Diego is no exception. There were a few surprises. I had no idea Carlsbad would outrank Encinitas, or that Poway would beat out Coronado. San Diego is full of surprises. When to comes to compiling such reports (and a host of others), there is no finer source than…
by Roberta Murphy Investment in high end real estate markets can be a challenge for most buyers. If the price of the real estate does not intimidate, then the low cap rate, or return on investment, will. In fact, carrying costs v income on luxury real estate investments are often negative for many years, or until the property is sold. With real estate investors in our expensive San Diego market,…
