The Ebby Halliday Companies welcomed Pam O’Connor, President & CEO of Leading Real Estate Companies of the World to Dallas on Tuesday. Ms. O’Connor spoke at the North Dallas MLS meeting at Macaroni Grill on Northwest Highway, which was hosted by Ellen Terry, Realtors. She was introduced by Lee Thomas, manager of the Ellen Terry office and Ebby Halliday who was one of the four founding members of RELO, which is now known as LeadingRE.
Ms. O’Connor spoke about various national real estate trends and focused on the luxury market with statistics from Luxury Portfolio Fine Property Collection, the luxury division of LeadingRE. Highlights of her speech included information on significant luxury properties currently for sale such as the Aaron Spelling and Leona Helmsley Estates, the sale of 27 Luxury Portfolio properties priced over $5 million in First Quarter 2009 as well as insight on the “Recession Chic” mentality of today’s value-conscious luxury consumer.
Ms. O’Connor ended the discussion with a brief overview of the rising popularity of social networking, stating that 6 out of 10 wealthy consumers online now use some form of social networking.