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National Real Estate News: Luxury properties are recovering & August Existing Home Sales Leap Despite Headwinds

By
Real Estate Agent with Better Homes and Gardens Rand Realty

National Real Estate News

 

The Washington Post: Luxury properties are recovering. The rest of the housing market? A deep and long depression: In luxury home markets, bidding wars are back and homes are selling quickly, serving as a stark contrast to everywhere else. "Luxury is the best performing segment of the housing market right now," says Stan Humphries, Zillow.com’s chief economist. Prices of $1 million-plus properties have risen 0.7 percent since February. Meanwhile, prices of homes under $1 million have fallen more than 1.5 percent, according to Zillow. A rebound in Wall Street has helped fuel a thirst again for mansions in the Hamptons and on Long Island, as well as luxury co-ops in New York City, where closings are returning to 2007 levels. Also, a tech boom is driving sales in the luxury market in Silicon Valley, where twice as many homes have sold for $5 million or more this year than the year prior. 

 

REALTORMag: August Existing Home Sales Leap Despite Headwinds: Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010

                 

Anthony Stokes Pereira (845) 624-8100 Ext. 188

Better Homes and Gardens Rand Realty

I can help you with every aspect of buying or selling your home because I'm experienced, because I am a Better Homes and Gardens Rand Realty Real Estate Professional . . . and because I care.

As your Better Homes and Gardens Rand Realty Sales Professional, I will provide you with the information you need to make an educated decision.

The relationship between a home buyer or seller and their agent is based on trust, shared goals and understanding. I strive to continually improve and to do this I listen and take the needs and wants into consideration.

For assistance with any of your real estate needs, please contact me, whether it's to get started on helping you realize your goals and dreams, or just to ask a question - no pressure, no hassle, no obligation - just a friendly conversation. I would welcome the opportunity to make a difference for you.

Anthony Stokes Pereira

Office: (845) 624-8100 Ext:168

Cell: (845) 538-7021

Fax: (845) 624-7137

anthony.stokespereira@randrealty.com

www.anthonystokespereira.com

 

 

Better Homes and Gardens Real Estate - Rand Realty, founded in 1984, is the No. 1 real estate brokerage in the Greater Hudson Valley with 25 offices serving Westchester, Rockland, Orange, Putnam and Dutchess counties. Rand has more than 800 sales associates, as well as a commercial real estate company (Rand Commercial Services), mortgage company (Rand Mortgage), title company (Hudson Abstract Services) and insurance agency (The Hudson Group Insurance Agency). The company’s Web sites are: randrealty.com, randcommercial.com, randmortgage.com, www.hudsonabstract.com and www.hudson-group.com. Rand Realty is also on Facebook and Twitter. Anthony Stokes Pereira web site www.anthonystokespereira.com . Information deemed reliable but not guaranteed.

Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Yes, Anthony, same I can say about our area - in Southeast Florida.  This is good.

Sep 23, 2011 05:15 PM
Dee Mayers
Covina, CA
San Gabriel Valley, CA

Your blog reminded me of this show from NY.  I can't think of the name right now but in this show agents sell  homes in the NY area for millions of dollars.  The economy is still in a recession and the gap between the haves and the have nots is widening out.  We as agents however, must keep marketing and planning ahead for the new year.

Sep 24, 2011 01:01 PM