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Paint it Black

Dec 16, 2019

Shading your walls in black may not be the first thing that comes to mind when you’re considering paint colors. But black has a daring all its own that can bring character and chicness to your space. “The result is both unexpected and incredibly sophisticated,” says Andrea Magno, a Benjamin Moore color and design expert.

“Black has an interesting effect on the walls of a room because the corners and shadows are obscured more than if a midtone or pastel color is used,” Magno says. “This can be used as a visual trick to give the space a less-defined appearance and can make a room feel a bit more expansive.”

Black walls can also bring coziness. “Dark walls coupled with dramatic lighting create an instant air of luxury and sumptuousness,” says Karen Howes, CEO and founder of London-based interior-design firm Taylor Howes.

Discover more about how you can leverage black accents in your home from RESIDE® Magazine

2019 Forecast: Existing-Home Sales to Stabilize and Price Growth to Continue

Nov 6, 2018

Consumers should expect home sales to flatten and home prices to continue to increase, though at a slower pace, according to a residential housing and economic forecast session at NAR’s 2018 REALTORS® Conference & Expo .

As Lawrence Yun, chief economist at the National Association of Realtors®, presented his 2019 housing and economic forecast, he was joined onstage by Lisa Sturtevant, President of Lisa Sturtevant & Associates, LLC, who discussed the importance of affordable housing in the U.S.

Much of Yun’s presentation focused on recent declines in home sales, but in the context of long-term trends to illustrate the housing market’s actual performance.

“Ninety percent of markets are experiencing price gains while very few are experiencing consistent price declines,” said Yun. “2017 was the best year for home sales in ten years, and 2018 is only down 1.5 percent year to date. Statistically, it is a mild twinge in the data and a very mild adjustment compared to the long-term growth we’ve been experiencing over the past few years.”

REALTORS® Expect Prices to Increase in Arizona

Oct 10, 2018

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?”

Based on the responses of approximately 3,000 REALTORS® who answered this question in the August 2018 REALTORS® Confidence Index Survey, the median expected price change in the next 12 months nationally is 2.1 percent, a slower price appreciation compared to the 4.0 percent average during the January through May 2018 surveys (2.5 percent in July 2018 and 3.0 percent in August 2017).

The chart below shows the median expected price change across the U.S. states based on the June, July, and August 2018 surveys of REALTORS®.[1] The median expected price growth ranges from no change to five percent across the states.

REALTORS® who responded to the survey expect prices to typically increase in the state at four percent in Idaho, Nevada, Utah, Arizona, Alabama, and Delaware. Read more…

Chandler Arizona One of the Top Cities for High-Earning Millennials

Oct 2, 2018

High-income millennials are the force behind a nearly 10 percent decrease in the amount of time homes spend on the market in the most popular areas of the country, according to a new realtor.com® report. Young adults are driving demand for homes in smaller, more suburban locales, and realtor.com® pinpointed the hottest ZIP codes which includes one in Chandler, Arizona.

“When it comes to choosing a home of their own, millennials are looking for opportunity, and they’re finding it in affordable suburbs,” says realtor.com® Chief Economist Danielle Hale. “These hot housing markets are attracting the attention of hard-working, high-earning 25- to 34-year-olds who are drawn by their relative affordability, strong local economies, and outdoor and cultural amenities.”

Curate by Sotheby’s International Realty

Aug 30, 2018

Curate by Sotheby’s International Realty℠ is an immersive Augmented Reality experience.

Curate by Sotheby’s International Realty allows consumers to visualize a house as their own before purchase, thereby curating the homebuying experience. Sotheby’s International Realty® brand is the first real estate brand to launch and implement a virtual staging AR app, transforming the homebuying and selling experience for sales associates and consumers. Once a new home is purchased, Curate by Sotheby’s International Realty can be used to help a new homeowner, through augmented reality, design and purchase furnishings for their new home.

Why It Matters for Homebuyers, Renters and Homeowners
✓ Overcome visualization barriers – see through a space’s current design and into the future
✓ Avoid complex measurements and guesswork – see what fits and connect with your home like never before
✓ Simplify the home furnishing, decorating and move-in process

Curate by Sotheby’s International Realty is the innovative augmented reality luxury real estate tool helping you envision, design and experience your future home in immersive augmented reality. For more information, contact Michelle Sarocka at (602) 616-4829 or [email protected].

Luxury Real Estate Headlines: Last Week in July 2018

Jul 27, 2018

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Telluride, Colorado | Bill Fandel, Telluride Sotheby’s International Realty

“Sitting on a 35-acre parcel just outside Telluride, Colorado, the home is a whopping 6,561 square feet and comprises ten interconnected pavilions, resembling more of a backwoods cul-de-sac than one residence. “

ABOUT 1068 WILSON WAY, TELLURIDE, COLORADO

Designed by the internationally-renowned architectural firm of Hugh Newell Jacobsen, this iconic property represents one of the rarest offerings in all the Rocky Mountains. Occupying a story-book setting in the mountains just outside Telluride, Colorado one discovers a residence compromised of ten-interlocking pavilions designed by Simon and Hugh Jacobsen. Carefully situated on a 35-acre estate parcel in the ultra-exclusive enclave of Gray Head, the home occupies a sun-drenched saddle offering breath-taking views of the surrounding 14,000-foot peaks. The residence is a wonderful combination of quarried limestone, glass, steel & native stone. Clean & sophisticated vaulted interiors were perfectly executed to savor the natural light and act as the ultimate backdrop for a carefully curated art collection. Nested around a circular motor court, the home’s dramatic spaces are warm & accommodating with walls of glass framing the staggering views of the surrounding meadows & mountains. A sophisticated series of environmental systems efficiently monitor and adjust for solar and air temperature changes for each pavilion and space, while the house employs radiant “air conditioned floors” to maintain the perfect interior climate.

Minimalist Home with Jaw-Dropping Rocky Mountain Views Asks $16.9M – Curbed

When Home is a Portuguese Bachelor Pad Fit for a King – Wall Street Journal

15 of the Most Expensive Homes in the World – Robb Report

Sotheby’s International Realty Continues to Expand Luxury Brand Presence in Southeast Asia – Sotheby’s International Realty

Hot Property: Homes for Cycling Fans – Financial Times

Golfer Raymond Floyd Finds Buyer for $17.5 Hamptons Home – Mansion Global

Lisbon’s Ornate Xabregas Palace Comes Up for Sale – The Spaces

News Anchor Tony McEwing is Ready to Call it a Wrap in Franklin Hills – Los Angeles Times

The Pinnacle Penthouse, The Woolworth Tower Residences, New York City – Elite Traveler

Tokyo Developments Curtailed by Rising Construction Costs – Financial Times

House Hunting in… Argentina – The New York Times

At Emirate Hills in Dubai, More is More – Mansion Global