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…
Montana may come to be known as the land of Big Skies and Big Spenders. Luxury Clues Bernice Ross reports a new entry in the Billionaire Poll: Lumber and land baron Tim Blixseth. His prime Yellowstone Club 53,000 square foot home in Bozeman, Montana will be entering the high end luxury home market at a record-breaking $155 million. Being promoted fully furnished, this ten-bedroom mountain estate boasts an indoor-outdoor swimming…
by Roberta Murphy Speaking of gossip. Legendary Kirk Kerkorian has just cut the $25 million asking price of his 30 acre Beverly Hills mansion to a reasonable $18 million, after it has languished on the market for nearly a year. His lovely gated estate boasts a Mediterranean-styled main home, two guest cottages, two pools, two tennis courts, a putting green and lots of room for expansion. The Wall Street Journal…
by Roberta Murphy Gossip: It is a loaded word that alternately intrigues and informs, delights and dismays. Last weeks blog on real estate gossip, for example, raised the hackles of a few agents and the interest (and some concurrence) of others. As for me, Ive enjoyed the diversion and have paid much closer attention to the frequency with which it occurs in my own professional life as a San Diego…
by Roberta Murphy Last summer we sold a lovely $1.8 million Carlsbad, CA home to an out of area partnership. One partner lived in Los Angeles, and the other in New York. It was to be their La Costa retreat in paradise, and a place to meet potential clients. In two short months, this paradise has turned into a real estate nightmare that could rival that 1990 Melanie Griffiths film, Pacific…
by Roberta Murphy Realtors and public alike are fascinated by record-setting news, and most of us are curious to know about the most expensive home sold in the last year. In San Diego County, the winner of record would be a stunning 3 bedroom, 3.5 bath Del Mar oceanfront beauty sold by Jennifer Moores to Marsha Naify for $18 million. The ultra-luxury real estate market in San Diego is a…
by Roberta Murphy I recall a blustery night in the mountains at Big Bear Lake, when we spent a long evening in our kindly neighbors wine cellar. Rare for Southern California, it was located underground. The comfortable cellar had gorgeous stone walls, comfortable seating and a magnificent mahogany bar. Stacked and buried within this deep paradise were thousands of bottled wines. A few bottles were ordinary, many were extraordinary and…
by Roberta Murphy People are always wonder what’s in and what’s out in home decor. Paint colors may change yearly, but key ins and outs center on how we live our lives. What’s in and what’s out for home building, home improvements and home decor? What are today’s pickier homebuyers seeking? What are Realtors and decorators and savvy home remodelers suggesting to their clients? WHATS IN: Natural flooring: Think (certain)…
In December, there was lots of buzz about hefty year-end bonuses being paid to Wall Street performers. Many were wondering how these flush folk would spend the largesse. Would it go for bonds, or bling or luxury real estate? The latter would seem a likely and comfy target. Even though home sales slowed down overall during 2006, the ultra-luxe end of the market has flourished. Luxury home sales at $5…
