luxury homes

Variable and Value Range Pricing for Homes

Value Range Pricing
February 26, 2007
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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…

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Luxury Home Digest a Carnival Winner!

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,…

February 19, 2007
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The Ultimate Valentine Bath

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…

February 13, 2007
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Home Pricing Dangers

real estate pricing
February 10, 2007
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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…

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Prestige Index: San Francisco

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…

February 7, 2007
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Prestige Index: Los Angeles

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….

February 5, 2007
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The Prestige Home Index

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…

February 4, 2007
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Neverland for Sale? Or Not?

                                                                                  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…

February 3, 2007
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A Montana Luxury Real Estate Coup?

Montana Yellowstone Club
February 2, 2007
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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…

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Kirk Kerkorian Heading from the Hills

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…

January 29, 2007
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