While all real estate is local, at the Ebby Blog we love to keep up with markets around the world. Below are a few findings from Luxury Portfolio International’s recent Market Pulse report. This is just a snapshot, so stay tuned as we continue to highlight luxury real estate in the world’s hottest markets.
New York City
Highest recorded sale in past 12 months: $42,550,000
Compared to last year, prices are: Up
Price point for top 10 percent of inventory: $10,000,000
International buyers are coming from: Australia, Brazil, India, China, Kazakhstan, Europe, U.K., Canada, Hong Kong and Greece
Luxury buyers are looking for: Views, outdoor space, pre-war details and concierge services in new condominiums
Washington, D.C.
Highest recorded sale in past 12 months: $18,000,000
Compared to last year, prices are: The change in the monthly median sale price in the Washington metropolitan area has been flat in 2016, with monthly changes of approximately 1 percent
Price point for the top 10 percent of inventory: Ranges from $1 million to $1.5 million
International buyers are coming from: Iraq and India
Luxury buyers are looking for: Outdoor living areas, exceptional service and full-service amenities, such as a door attendant, 24-hour concierge, fitness center and resort-style pools. Also guest suites and social spaces, such as screening rooms, reception rooms and temperature-controlled wine rooms.
London
Highest recorded sale in past 12 months: $38,883,000
Compared to last year, prices are: Down
Price point for the top 10 percent of inventory: $6,500,000+
International buyers are coming from: 35 percent of the market in Central London is international buyers, with the majority coming from Western Europe, Asia and the Middle East
Luxury buyers are looking for: Imaginative use of design and bolder use of color, moving away from ‘hotel style’ interior design featuring lots of grey and beige interiors that became very prevalent in London a few years ago
To learn about the Chicago, San Francisco and Toronto real estate markets view the full Luxury Portfolio Magazine article here.
The Ebby Halliday Companies is the exclusive member of Luxury Portfolio International in North Texas. When buying or selling property outside of our local market, Ebby Halliday’s world-class connections can help with real estate needs throughout our continent and to points around the globe.
To learn more about Luxury Portfolio International and to discover some of the most extraordinary properties currently for sale worldwide, visit luxuryportfolio.com.
