Sentiment from top Luxury Portfolio International affiliates in the U.S. and Canada indicates a strong close to 2013 and a rising tide in the affluent segment of the housing market for 2014.
As the year closed, the $1- to $2 million tier of the market was very active, and most luxury leaders anticipate it will continue to be so due to a shortage of inventory, often with multiple-offer situations driving prices upward.
International buyers continue to be active. The mix of foreign buyers includes those from Saudi Arabia, South America and the EU, while Asian buyers – particularly the Chinese – continue to be a significant force.
Luxury Portfolio brokers report a trend in Chinese buyers gravitating toward properties in the $1 million range, though those investing for children attending U.S. colleges generally are looking for lower-priced properties.
“The mood for our Luxury Portfolio brokers is upbeat as we move into 2014,” says Luxury Portfolio International President Paul Boomsma. “They believe that well-priced luxury homes will continue to be in high demand, resulting in increases of 10- to 20% in volume in most of their markets, with unit sales rising 5- to 10%. Compared to a few years ago, that represents a significant improvement.”
Year-to-date luxury home sales in North Texas are up 13.7% over the same period last year. Even better for luxury homes sellers, the average number of days on the market for North Texas homes priced at or above $750,000 is down 9.1%, from 133 days to 121 days. These numbers are remarkable considering that 2013 was a record year for North Texas home sales.
Ebby Halliday Realtors is proud to represent many of the finest homes available for purchase in D-FW. Today, we encourage you to take a close look at the stunning Preston Hollow home at 6231 Stichter Ave.
Near some of Dallas’ most-renowned schools, this family-friendly, one-owner property has been extremely well maintained and updated. The new owner will enjoy beautiful hardwoods, light-filled sitting areas, plentiful storage space and a 2013 kitchen with high-end stainless-steel appliances.
Priced at $1,375,000, 6231 Stichter is a prime example of the quality of luxury properties available in Dallas-Fort Worth for those who act quickly. In today’s fast-paced market, homes like this don’t stay on the market for long. To see all of the luxury homes listed in North Texas, visit the award-winning ebby.com.
The beautiful new issue of Luxury Portfolio International Magazine is now available online and will soon be on newsstands in 60-plus countries/regions worldwide. Luxury Portfolio International is the Ebby Halliday Companies’ partner in marketing luxury properties.
In addition to spectacular Ebby Halliday Companies properties in Dallas-Fort Worth, the new magazine features Larry Ellison’s Lake Tahoe compound, a stunning Parisian mansion and a contemporary adventure home in Queenstown, New Zealand. A unique historic New England colonial, an extraordinary lifestyle estate on the California coast and an impressive sampling of Luxury Portfolio’s collection of homes are also showcased.
In a fascinating piece, the new issue contrasts homes priced near $20 million in various markets, offering a compelling view of what luxury means in different areas. An eclectic collection of islands is also explored, from Sardinia to the Palms Dubai.
See the latest edition of the Luxury Portfolio International Magazine now and learn more about the world’s premier luxury-home network at LuxuryPortfolio.com.
Staying current with the latest and greatest modernisms, experiencing destinations of distinction and knowing how to pamper yourself have long been major elements of the luxury lifestyle. The following collection of trends offers some of our favorites in the areas of innovation, exploration and relaxation to add to your life and inspire your own ideas.
Simply put, Google Glass is the next big thing in the tech world. Lighter than the average pair of sunglasses, this head-mounted computer allows the user to take HD videos, dictate e-mails, and browse homes for sale by simply driving down the street. Google.com/Glass
The perfect combination of adventure and luxury, Richard Branson’s Kenyan Safari Camp is an exclusive experience in the heart of Africa. With accommodations for a maximum of 24 guests, the newly opened Mahali Mzuri promises intimate service and unsurpassed game viewing. MahaliMzuri.Virgin.com
For the finest in advanced skincare, indulge yourself with Hermés des Merveilles perfumed body cream. Delicate and nourishing, Eau des Merveilles improves skin radiance and provides a velvety touch with an enchanting radiance. Hermés.fr
To see more of today’s most-fascinating luxury innovations and destinations, visit the Fall/Winter edition of the Ebby Halliday Companies luxury-home publication, Grand Vie, where you’ll also discover many of the most exceptional homes currently for sale in Dallas-Fort Worth and beyond.
Frequent visitors to the Ebby Blog know it’s a great source for discovering some of the best homes to hit the market in recent days. Whether you’re a frequent visitor or brand new to our blog, we’re proud to introduce you to Clarke Landry’s new luxury listing at 6414 Deloache in Preston Hollow.
This Southern traditional home on one of Dallas’ most sought-after streets offers a light and bright floor plan, clean lines, and a beautiful resort-style backyard. As its new owner, you’ll be minutes from Dallas’ best-known schools, downtown and the Arts District.
Enjoy a few of the photos of this spectacular new listing, but don’t delay, Preston Hollow homes like this one don’t stay on the market for long! To learn more about this great opportunity, click here.
For the latest luxury homes to hit the market, check back here often. We’ll make it worth your while.
“Dangerously addictive.” That’s how the how-to home experts at HGTV Magazine described LuxuryPortfolio.com in their January/February edition. Well, let’s face it, who doesn’t enjoy looking at the world’s finest collection of luxury homes? The Ebby Halliday Companies, which includes Ebby Halliday Realtors and Dave Perry-Miller & Associates, is the exclusive North Texas member of Luxury Portfolio International.
We believe there’s nothing more exciting than luxury house hunting, so whether you’ve had enough of winter 2014 and are fantasizing about escaping to Mauritius or you’d just like to see what Bruce Willis’ Beverly Hills estate looks like, check out the world’s most comprehensive (and addictive) collection of exceptional real estate today!
“Luxury must be comfortable, otherwise it is not luxury,” Coco Chanel was known to say. The celebrated fashion designer could easily have been referring to the luxuriously appointed home on an almost 2-acre cul-de-sac lot at 17603 Cedar Creek Canyon Drive in Far North Dallas.
Offering an idyllic setting in a prestigious gated and guarded community, the spectacular five-bedroom home offers the ultimate in upscale amenities and privacy. Just a few of its features include seven fireplaces, exquisite millwork, wood and marble flooring, a walk-in wine room, downstairs home theater, an exercise room, a craft room and wonderful spaces designed for entertaining.
Topping off this luxurious, yet comfortable, property, is a resort-style backyard with a huge stone-covered travertine outdoor living area with a kitchen, a covered patio with fireplace, a fully lit regulation tennis court, a 6-hole putting green, a diving pool and large level play yard!
This prestigious property is offered for $2,850,000 by companywide Top Producer Cindy O’Gorman. To learn more about this exceptional opportunity, click here. Be sure to check the Ebby Blog frequently as we highlight spectacular luxury homes throughout Dallas-Fort Worth and to see all the homes available in North Texas, visit the award-winning ebby.com.