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‘La Dune’ in the Hamptons fetches record $88M at live Sotheby’s art auction

Housing Wire

The residences were offered individually and collectively via Sotheby’s Concierge Auctions in partnership with Harald Grant of Sotheby’s International Realty , Tim Davis of The Corcoran Group , and Cody Vichinsky, the president and founding partner of Bespoke Real Estate. higher than the opening bid.

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Prices for luxury homes soared in the first quarter 

Housing Wire

In comparison, prices for non-luxury homes rose by 4.6% Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. Meanwhile, sales of non-luxury homes decreased 4.2%

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Benefits of Appraising Luxury Homes

Appraisal Hub

Do you own a luxury property in Toronto? A professional appraisal can give you an unbiased opinion of your home’s value, which can be especially useful if you are planning to sell it soon, if you want to refinance your mortgage, or simply want to update your statement of assets.

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Price reductions: 6 things to consider before lowering the price

Housing Wire

Before rushing to a price reduction for your real estate listing, its important to take a step back and evaluate all the factors that could be affecting the sale. Is the home being marketed effectively? Is the price aligned with current market conditions? Does it show well? Is the seller being flexible with showings?

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