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Luxury Real Estate Market In 2021: Sky-High Prices, Scandals and More
The luxury housing market had a strong year in 2021. High net worth individuals continued to buy and sell homes at a quick pace as they and their businesses generally thrived amid the continued trend of working from home. As a result, many luxury agents had outstanding years. The percentage of existing single-family home sales priced above $1 million also shot up this year, which helped agents in this market sector, as home prices across the country more generally surged. But 2021 also saw some significant shakeups in the luxury real estate world — a number of acquisitions changed the scene and a major industry figure stepped out of the…
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Forbes Global Properties Reveals Timely Luxury Trends in 2021 International Real Estate Report
BEVERLY HILLS, Calif., Dec. 16, 2021 /PRNewswire/ — Forbes World-wide Houses, a curated shopper marketplace of luxurious households and an invitation-only membership network of top true estate corporations, has released the 2021 12 months-Conclude Current market Perspective. A complete investigation of the worldwide luxury residence market gleaned specifically from its regional foremost gurus, the report examines worldwide home price ranges, consumer demographics, wanted luxury facilities, and next house market place traits, although also underscoring current market enthusiasm by means of anecdotal recounts of recent transactions. Report highlights incorporate: 2021 median charges substantially outpaced 2020 value will increase, with domestic marketplaces like Lake Tahoe, Ventura County, and Scottsdale reporting double-digit gains…
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Does HBO’s ‘Succession’ Sell Mansions and Luxury Condos?
Rava Roy’s apartment in the Woolworth Building … Photo: HBO Plenty of movies and TV shows portray lives of extreme wealth, but few have done it as well as Succession, which manages to convey both the seductiveness of that world and the blasé entitlement, even boredom, of the global elite. The show’s production design lingers on the interiors of immense penthouses, Upper East Side townhouses, and Hamptons mansions, providing tantalizing glimpses of spaces that are, for the most part, ignored by the characters. Almost by accident, the show acts as a kind of de facto commercial for the real estate. So maybe it’s not so surprising that there are no…
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BedBrock Developers form luxury real estate brokerage
Award-winning BedBrock Developers with a stellar reputation for building the finest ultra-high-end luxury homes and communities in the Valley and with a full design-build process in house including architecture and design, announced its newest addition, BedBrock Real Estate Company, a luxury real estate brokerage founded by Rich Brock, founder of BedBrock Developers, Business Loan. The upscale brokerage will represent a curated collection of real estate, starting first with $150 million in listings in BedBrock Developers’ captivating Crown Canyon community. The impressive development offers seven extraordinary luxury homes currently in design and three homesites exclusively reserved for custom estates up to 24,000 square feet in size. Crown Canyon, with 12 total…
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‘Million Dollar Listing’ star Josh Flagg credits luxury real estate boom to more money in pocketbooks
‘Million Dollar Listing Los Angeles’ star and luxury real estate agent Josh Flagg weighs in on the life cycle of the booming housing market. The luxury real estate market is still experiencing exponential demand and “Million Dollar Listing Los Angeles” star Josh Flagg told “The Claman Countdown” that people having extra money to spend is to credit. “The bottom line is this: There’s a lot of money available,” he said. “People have money and I don’t know where it came from all of a sudden… You think during a pandemic, you know, the last thing you would think that people would be doing is buying real estate. It’s totally counterintuitive.” …
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Summit County’s luxury real estate market remains strong headed into 2022
Jan Leopold, broker for Re/Max Properties of the Summit, helped sell this home, pictured in July. The home is on Slalom Drive in Breckenridge, and according to the Summit County Assessor’s Office, its sale price was $2.5 million.Jonathan Huffman/Courtesy photo The reason why so many people are interested in purchasing a second home in Summit County isn’t a mystery. The area boasts plenty of recreational opportunities year-round, the scenery is impeccable, and it’s the first big stop along the westbound Interstate 70 mountain corridor, boasting four ski resorts. These perks combined with the pandemic’s boost in remote working has created a hot real estate market in Summit County all year…
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