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.”
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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
LIVE | Music – Sotheby’s International Realty
This Ford GT40 From Le Mans is Poised to Take the Lead at RM Sotheby’s Monterey Sale – Robb Report
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