Engel & Völkers and Concierge partner for property auctions

Engel & Völkers announced that its Americas division is partnering with Concierge Auctions, the lux property marketplace, to make Concierge the “preferred auction provider” for Engel & Völkers Americas properties.

Luxury Market Swells With $1 Million-Plus Sales

The demand for luxury is staggering. According to the latest Luxury Home Index by realtor.com®, $1 million-plus transactions are up 25 percent year-over-year, with the average property snapped up in 105 days—a tightening window. “Continued growth in high-paying jobs and stock market inertia have reignited many luxury markets this year,” says Javier Vivas, director of Economic […]

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Premium Shrinks for Waterfront: Zillow

The inventory issue is permeating to properties on the waterfront. Access to a beach or dock is expensive, but less so now than it was in recent years, according to an analysis newly released by Zillow. In the first quarter of the year, the average homebuyer paid a 36 percent premium for waterfront; in the […]

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Fueled by Homebuyers up North, Florida Luxury Markets Sing

There is ceaseless demand for homes in the lowest price tier—but there is also a growing interest in the luxury sector, specifically in the South and West, according to realtor.com® research. As of May, the fastest-growing luxury markets are in the Sunshine State, the research shows. In May, Sarasota County was the No. 1 luxury […]

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Living in the Lap of Luxury in the Philippines

With two major offices in the Philippines and several regional hubs, 100-plus employees (25 of which are engaged in real estate brokerage), Pinnacle Real Estate Consulting Services Inc. continues to see a lot of interest from investors in the Asia-Pacific region who are keen on Philippine opportunities. Here, Managing Director Michael Mabutol provides a closer […]

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Great Spaces: Sunny Beach Town Spots

June has the weather in most of the country warming up, with long beach days on the horizon. To celebrate, we’re running down some of the most stunning homes set in our favorite sunny beach towns. Sweet Spot on the Southern Coast Located in the gated Helms Port community in Wilmington, N.C., this charming, custom-built […]

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$1 Million: What It Buys in the U.S. Housing Market

One-million dollars is a lot of money to most of the world’s population, but it’s a drop in the bucket to a billionaire. The housing market in the U.S. seems to have a similar relationship with homes valued between $900,000 and $1.1 million: Some of them are sprawling estates, while others are considered middle-of-the-road homes. […]

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3 tips for breaking into the luxury real estate niche

There’s a big difference between being the real estate agent next door and representing high-end clients in the luxury real estate market. Although you can make a healthy living in the first capacity, you can make a killing in the latter.

Eli Manning sets new record with $3.55M Hoboken condo sale

New York Giants quarterback Eli Manning is moving on … from his New Jersey condo that is. And while his days of breaking records on the field may be nearing an end, he’s got a new record to boast about.

Aging Down: The Face of Luxury Shifts

Buyers aged 25-49 are considerably shaping the upper-end market, according to recently released research by Luxury Portfolio International®. Seventy-eight percent of buyers in the 25-49 group—”The New Aristocracy”—are interested in 5,000-square-foot-plus homes, the research reveals. They also have a preference for Brick Georgian, Modern, Victorian or Tudor homes, but with commercial-grade kitchens and security systems. […]

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