Real Estate News • March 14, 2024

Luxury Real Estate Trends With Sothebys: Second Week In March 2024

Explore top luxury real estate trends with Sothebys, from Mediterranean-style estates to Art Deco marvels, curated by Sothebys International Realty. Discover stunning properties like a $24M Balinese villa and a $2.3M Midcentury gem. Stay updated on luxury living trends, from firewood displays to purified air, featured in publications like Robb Report and The Wall Street Journal. Dream of Martha’s Vineyard or Frank Lloyd Wright’s homes with this week’s real estate highlights.

Sothebys International Realty

4 Homes That Use Green To Delightful Effect – Sothebys International Realty

4 Homes That Prove Art Deco Has Never Gone Out Of Style – Sothebys International Realty

Inside A Mediterranean-Style Montecito Estate – Sothebys International Realty

Mood Board | How To Incorporate Statement Rugs Into Your Luxury Home – Sothebys International Realty

Real Estate News

This $24 Million Villa in The Bahamas Takes Its Design Cues From Bali – Robb Report

A Renowned Designer’s Well-Appointed Hamptons Home Lists For $10M – Robb Report

In Joshua Tree, Living Under a Rock Never Looked Better, $1.5M – CA Home + Design

Firewood Displays Are So Popular, Even Gas-Fireplace Owners Want In – The Wall Street Journal

The Newest Must-Have Home Amenity for the Rich: Purified Air – The Wall Street Journal

Midcentury Must-Have: Meticulously Preserved and Updated Eichler in San Jose Is a $2.3M Stunner – Realtor.com

Most Expensive Houston-Area Homes Sold in the Past Year – Houston Business Journal

Listed for $1.5M, This 1920s L.A. Home Sits Atop a Secret Staircase – Dwell

In Los Angeles, a 1930s Home With Archways Galore Seeks $1.7M – Dwell

$2.5M Homes in California – The New York Times

Home Showcase: A Year-Round Escape in Sandwich – Boston Herald

Martha’s Vineyard Vacation Rental Lists for $1 Million Per Month – Forbes

Paradise Valley Is Home to America’s Priciest Desert Real Estate – The Wall Street Journal

This 24,000 Sq Ft Manor in Milton, Georgia, Has Its Own Old West Town – See Inside – Pricey Pads

Mexico’s Todos Santos Offers a Slow, Serene Alternative to Bustling Cabo San Lucas – Mansion Global

Furnished $4.59 Million Lakefront Lodge on Lake Blue Ridge Includes Observatory Tower – Pricey Pads

Johnny Carson Owned This Stone Manor Selling Outside New York City in the 1950s – Mansion Global

Tour a $19.5M Turks and Caicos Mansion Dripping in Elegance – Cottages & Gardens

Hilltop $14.9 Million Resort-Style Modern Retreat in Paradise Valley, Arizona – Pricey Pads

$950,000 Homes in Maine, Florida, Washington – The New York Times

6 Bright Homes with Greenhouses – The Week

A Rare Frank Lloyd Wright Home Is For Sale in Illinois – Architectural Digest

Vista Real Estate Joins Sotheby’s, Expanding Its Presence in California – HousingWire

Real Estate News • March 5, 2024

Immerse Yourself In Luxury Real Estate: First Week In March 2024

Immerse yourself in the world of luxury and global real estate with top stories and local highlights from Sotheby’s International Realty and beyond. Explore chic Hamptons hideaways, California expansions, and opulent rentals on Martha’s Vineyard. Follow star brokers and discover lavish homes across iconic destinations like New York and San Jose. From waterfront retreats to architectural wonders, indulge in the epitome of sophistication and exclusivity in today’s luxury market.

Sothebys International Realty

Perfectly Patterned: 4 Homes With Striking Wallpaper – Sothebys International Realty

New And Notable Homes For Sale Over $5 Million: March 2024 – Sothebys International Realty

Inside A Stylish Hamptons Hideaway – Sothebys International Realty

Sotheby’s International Realty Expands In California – Sothebys International Realty

Real Estate News

Inside the Most Expensive Summer Rental on Martha’s Vineyard – Robb Report

Log Cabin Living—but Luxuriously – Mansion Global

Star Broker Jaime Richichi Moves to Sotheby’s International Realty – Inman

Heirs and Heiresses List Luxury Homes: Goya Foods, Bacardi Inheritors And Others Are Selling – Forbes

Stellar Cellars—Five Homes for Wine Lovers – Mansion Global

A Slice of New York’s Past: The New School Lists Storied Greenwich Village Townhouse for $20M – Realtor.com

Mid-century Modern-style Eichler Home in San Jose Listed for $2.3M – Mercury News

Taking a Closer Look at The Woodlands’ East Shore Neighborhood – Paper City

‘Entertainer’s Paradise’ for Sale in CA Is a ‘Modern Tree House’ With Recording Studio – The Sacramento Bee

Waterfront Home in Water Mill Even Comes With a Boat – Behind the Hedges

‘Exceptional’ Neighborhood: Luxurious Falmouth Home with Pool Hits Market at $998K – Cape Cod Times

Real Estate MVPs: Here’s Exactly Where Jason and Travis Kelce Should Buy Next – Realtor.com

Here’s how much it costs to grab the priciest-ever vacation rental on Martha’s Vineyard – New York Post

In Upstate New York, a Crisp, Cuboid Home Seeks $2.9M – Dwell

Buying a Home Near Nvidia’s Headquarters Is Nearly Impossible Right Now – The Wall Street Journal

$2 Million Homes in Missouri, California and the District of Columbia – The New York Times

Inside the Most Expensive Summer Rental on Martha’s Vineyard – Robb Report

A Revivalist 1930s Landmark Is Selling in Toronto – Mansion Global

Millionaire Home Buyers Have Turned Paradise Valley Into ‘a Different World’ – The Wall Street Journal

6 Impressive Homes in Seattle – The Week

This Rotating New Zealand House Is Like Living in a Spaceship – Mansion Global

A Storied Chicago Penthouse Relists for $8.5 Million – Robb Report

Real Estate News • February 28, 2024

Las Vegas Valley Updates: Fourth Week In February 2024

Discover the latest luxury and global real estate highlights, along with local Las Vegas Valley updates. From blissful bedrooms with stunning views to unique properties like a NorCal wine country estate and a church converted into a home in South Carolina, explore captivating listings and news in the world of real estate.

Sothebys International Realty

3 Blissful Bedrooms With A View – Sothebys International Realty

Significant Sales: January 2024 Highlights – Sothebys International Realty

Mood Board | Homes With Lush Foliage – Sothebys International Realty

Inside Seann William Scott’s Contemporary Compound In Venice – Sothebys International Realty

Real Estate News

This $10 Million NorCal Wine Country Estate Has a Hobby Vineyard in the Backyard – Robb Report

Church Converted into Four-Bedroom Home—with Original Details Intact—Listed in South Carolina – Mansion Global

Auckland, New Zealand House Rotates 360 Degrees – Robb Report

Madrona Is Seattle’s Quintessential Charming American Neighborhood – Mansion Global

Homes: One of a Kind – The Week

Inside Johnny Carson’s Estate, a Haven for Art Collectors – Artnet News

Ancient Soul and History All Around You: Living in the Shadow of the Roman Colosseum – Mansion Global

In a Bid to Attract New Residents, Small Towns in Texas, Georgia, and Nebraska Offer Homes for $300,000 – The New York Times

Own the Home Where Bob Ross’ Artist Retreats Took Place – Artnet News

When the Acropolis Is Outside Your Door – Mansion Global

New Yorkers Are Moving to Orlando: Here’s How Sellers Can Appeal to Them – Mansion Global

Neighboring Penthouses at The Plaza Hotel List Together for $70M – Cottages & Gardens

Emma Stone Sells Bright Los Angeles Mini-Compound for $4.3M – Mansion Global

In Montauk, a Wooden Wonder Steps From the Beach Seeks $7.5M – Dwell

Massive New Construction Mansion in Hedwig Village Hits the Market at $8M – Houston Business Journal

A Classic Venice Compound, $5M – CA Home + Design

$4.2M Homes in California – The New York Times

Eureka! This $3.3M Home Stands on the Site of a 19th-Century Gold Mine – Dwell

Topanga Canyon Compound with Foley Studio, Vintage Cabin Seeks $2.5M – Los Angeles Daily

Real Estate News • February 22, 2024

Luxury Real Estate Top News: Third Week In February 2024

Explore luxury real estate highlights and top news from trusted sources. Discover charming homes and unique properties worldwide. Experience Rom-Com dreams and futuristic estates. Gain insights from Travel + Leisure and House & Garden. Don’t miss listings from $649K cottages to $35 million mansions. Experience California’s market and Manhattan’s stylish residences. Discover all this and more in this week’s roundup.

Sothebys International Realty

Morning Glory: 4 Inviting Breakfast Areas – Sothebys International Realty

RM Sotheby’s Presents ModaMiami – Sothebys International Realty

Inside An Enchanting Mediterranean-Style Enclave – Sothebys International Realty

4 Homes With Incredible Maximalist Decor – Sothebys International Realty

Real Estate News

The New School Lists Its Greenwich Village Townhouse for $20M – The New York Times

Michael Dell Is Putting Boston Penthouse on the Market – The Wall Street Journal

Glimpse Inside Jackie Kennedy’s Notable Estates, Cottages, and Penthouses – Architectural Digest

Texas-Sized Spec Home Hits the Market in Houston for $8.995M – Mansion Global

Why the Heck Is Everyone Moving to Beverlywood? – The Wall Street Journal

You Can Live Out Your Rom-Com Dreams at This Upper West Side Brownstone Seeking $9M – Cottages & Gardens

9 Best Places to Live in Canada, According to Local Real Estate Experts – Travel + Leisure

A rare and historic castle in the Lake District hits the market for £9.5 million – House & Garden

‘007 vibes’ flow from this alluring futuristic estate for sale in Vegas. Check it out – The Sacramento Bee

Walls of Glass Connect This $3.1M Houston Home to its Natural Surroundings – Robb Report

House on Stilts That Hosted John Lennon, Stevie Nicks and Other Star Lists in L.A. for $2M – Mansion Global

If You Love Stargazing, This $10.8M Sonoma Home Has a Mini Observatory – Dwell

Tour a Super Sleek Las Vegas Modern Asking $18.5M – Cottages & Gardens

Inside Appleby Castle, a Centuries-Old 22-Bedroom Residence in England Listed for $9.5M – Cottages & Gardens

Georgia Mansion with Old West Town Replica – Robb Report

Vail, Colorado: Casteel Creek Auction – Robb Report

Nine Square House in Copake, New York, Lists for $2.8M – Realtor.com

The Washington D.C. Area Just Scored Its First Big Home Sale of 2024 – The Wall Street Journal

$820,000 Dollar Homes in Utah, North Carolina, Connecticut – The New York Times

Homes on Islands – The Week

Historic 1847 Cape-Style Cottage on 4 Acres Asks $649K in Surry, Maine – Pricey Pads

$35 Million Tuxedo Park Greek Revival by Harrison Design in Atlanta, Georgia – Pricey Pads

The Joy of Painting Lives On in Former Bob Ross Artist Retreat – Inman

Wellington Equestrian Paradise Hopes to Rein in $14.75M – Behind the Hedges

$3.7M Homes in California – The New York Times

Hot Property: East Sandwich Home Exudes Warmth – Boston Herald

Doors of this mansion for sale in Georgia open to town from the Wild West. Take a look – The Sacramento Bee

Historic 1875 Victorian Masterpiece Lists for $1.06 Million in Hudson, New York – Pricey Pads

6 Stylish Homes in Manhattan – The Week

Real Estate News • February 13, 2024

Dive Into The Latest Luxury Real Estate News: Second Week In February 2024

Dive into the latest luxury and global real estate news, featuring top stories and local highlights from the Las Vegas Valley. From romantic residences to stunning architectural wonders, explore curated selections from Sothebys International Realty and other renowned sources. Stay informed about remarkable properties, including a 900-year-old castle in the UK, a $30M farm outside Auckland, and an $18.5 million Las Vegas home inspired by aviation. Discover unique homes and captivating real estate stories from around the world.

Sothebys International Realty

Home Is Where The Heart Is: 3 Romantic Residences – Sothebys International Realty

4 Homes Ready For Super Bowl LVIII – Sothebys International Realty

Inside An Equestrian Oasis In Florida – Sothebys International Realty

5 Homes That Embody The Year Of The Dragon – Sothebys International Realty

Real Estate News

900-Year Old Castle is on the Market in UK for $12M – Bloomberg

Six Flags Set Designer Brought Wild West to Life Inside $8.95M Georgia Home – The Wall Street Journal

$30M Farm Offers Seclusion and Style Outside of Auckland – Robb Report

A 1905 Greenwich, Connecticut, Landmark Lists With a New Look for Nearly $10M – Mansion Global

Maria Sharapova Buys in Montecito, a Greene & Greene Property Re-lists for $110 Million, and More Real Estate News – Architectural Digest

This $2.4M Sea Ranch Stunner Is a Slice of Coastal Paradise – Dwell

Peek Inside the Biggest-Ever New Build to Hit the Market in Memorial – Houston City Book

Home Chapels Are Blessing Backyards Across America – The Wall Street Journal

Pensando a Sinner: 10 case da sogno con campo da tennis – Vanity Fair

Seann William Scott Lists California Home for $4.9M – People

Rare Pair of Rock Homes in Palm Springs Hit the Market for Less Than $750K a Pop – Realtor.com

6 astounding homes in geometric style – The Week

See Inside: This Santa Fe Home Provides Easy Access to Las Campanas Clubhouse – Albuquerque Business First

Concrete Blocks Meet Stainless Steel in This Phoenix Midcentury Asking $1.3M – Dwell

A Writing Cottage on the Upper East Side – Curbed

Home of the Week: Inside an $18.5 Million Las Vegas Home Inspired by Aviation – Robb Report

$450,000 Homes in Virginia, Massachusetts and Ohio – The New York Times

Furnished Sandwich Bungalow Teases Summer – Boston Herald

$18.5M Mansion With Fighter-Jet Vibes Soars Onto the Market Near Las Vegas – Realtor.com

Real Estate News • February 4, 2024

Stay Informed With Real Estate Headlines: First Week In February 2024

Discover the latest in luxury and global real estate, along with local highlights for the Las Vegas Valley. From fabulous penthouses to oceanfront jewels, explore top properties curated by Sothebys International Realty. Stay updated with exclusive listings and trends from renowned publications like Robb Report, The Wall Street Journal, Elle Decor, and more.

Sothebys International Realty

Life At The Top: 4 Fabulous Penthouses – Sothebys International Realty

Inside An Oceanfront Jewel In Malibu – Sothebys International Realty

New And Notable Homes For Sale Over $8 Million: February 2024 – Sothebys International Realty

5 Top Design Trends To Refresh Your Home In Time For The Lunar New Year – Sothebys International Realty

Real Estate News

This $51M Belle Époque-Style Château Overlooks the Côte d’Azur – Robb Report

Champagne Bars, Tanning Booths and Revolving Shoe Racks: The $1M Closet Has Arrived – The Wall Street Journal

Whitney Rose of ‘The Real Housewives of Salt Lake City’ Is Selling Her SLC Home – Elle Decor

$2.2 Million Homes in California – The New York Times

South of Big Sur, an ’80s Home Packed With Handcrafted Charm Asks $2.1M – Dwell

6 cool homes with ski-in, ski-out access – The Week

Southampton Turn-key Home Lists for $5.85M – Behind the Hedges

San Francisco’s Condo Market, Once in Free Fall, Sees Upward Shift in Activity – San Francisco Business Times

The 10 Most Expensive New Listings in Texas – Houston Agent Magazine

Home Showcase: Warmth Emanates from Monument Beach Charmer – Boston Herald

Real Estate Roundtable: Home Is Where the Heart Is – Behind the Hedges

Frank Lloyd Wright and Rudolph Schindler Were Inspirations for This $3.2M Florida Home – Robb Report

$950,000 Homes in Indiana, Pennsylvania and Washington – The New York Times

Real Estate News • January 27, 2024

Luxury And Global Real Estate Headlines: Fourth Week In January 2024

Discover the latest in luxury and global real estate, alongside local highlights in the Las Vegas Valley. Explore stunning properties, significant sales, and captivating videos from Sothebys International Realty. Stay informed with real estate news featuring extravagant listings and architectural marvels from reputable sources like The Wall Street Journal, Robb Report, and more. From aviation-inspired mansions to sports lover’s paradises, find your dream home and stay ahead in the world of real estate.

Sothebys International Realty

3 Homes With Covetable Closets – Sothebys International Realty

Significant Sales: 2023 Highlights – Sothebys International Realty

Video Of The Week: A Luxury Villa In Dubai, United Arab Emirates – Sothebys International Realty

5 Homes With Gorgeous Atriums – Sothebys International Realty

Real Estate News

An Aviation-Obsessed Couple Lists Large Las Vegas Home for $18.5 Million – The Wall Street Journal

This $12.5 Million Arizona Mansion Is a Sports Lover’s Dream – Robb Report

Kansas City’s Briarcliff West Is an Affluent Enclave With a Low-Key Vibe—Travis Kelce and Taylor Swift Aside – Mansion Global

$10 Million Homes in Virginia, Massachusetts and Illinois – The New York Times

Emma Stone’s Los Angeles Home Finds a Buyer in Less Than Two Weeks – The Wall Street Journal

This $4.8M San Francisco Home Comes With a Guesthouse and a Secret Garden – Dwell

What’s Cooking in Greenwich? Check Out a $6M Listing with a Sweet Kitchen Design – Cottages & Gardens

This $3.75 Million Nashville-Area Home Was Designed in the 1970s by a Local Architect as His Personal Home – Robb Report

Live a Life of Resort-Style Luxury at Lazy River Ranch – Cowboys & Indians

La Dune Compound, Once Priced at $150 Million, to Sell for $79 Million – The Wall Street Journal

Wine Country Home of Restoration Hardware CEO Sells For $9M – Sonoma Magazine

San Francisco Mansions Hit the Market – San Francisco Business Times

6 Remarkable Homes Built of Stone – The Week

Architect Earl Swensson’s $3.75M Home in Tennessee Epitomizes Good Design – Realtor.com

Residents Come to Colorado’s Grand Lake for Year-Round Recreation – Mansion Global

What you can get for $1 million in Boerum Hill, a low-key neighborhood with great transportation – Brick Underground

In Boston’s Priciest Neighborhood, Buyers Fork Over More Per Square Foot Than Anywhere in the U.S. – The Wall Street Journal

$2 Million Homes in California – The New York Times

Real Estate News • January 17, 2024

Luxury And Global Real Estate Headlines: Third Week In January 2024

Discover this week’s top stories in luxury and global real estate, alongside local highlights for the Las Vegas Valley. From homes designed for healthy living to stylish historic residences in Brooklyn, explore remarkable properties featured by Sothebys International Realty. Stay updated with the latest in real estate news, including celebrity home sales, midcentury marvels, and dream homes from coast to coast. Whether it’s a $3.995M L.A. abode listed by Emma Stone or a $10M oceanfront mansion in Rhode Island, delve into the world of extraordinary properties curated by leading publications like The Wall Street Journal, Dwell, Robb Report, and more.

Sothebys International Realty

No Membership Required: 3 Homes Designed For Healthy Living – Sothebys International Realty

Inside A Stylishly Updated Historic Home In Brooklyn – Sothebys International Realty

Video Of The Week: A Remarkable Modern Mediterranean In Scottsdale, Arizona – Sothebys International Realty

The Benefits Of Incorporating Sensory Engagement Into Luxury Home Design – Sothebys International Realty

Real Estate News

Poor Things’ Actress Emma Stone Lists L.A. Home for $3.995M – The Wall Street Journal

This $2.4M Maryland Midcentury Comes With Two Pools – Dwell

A Palm Springs Home Designed by Two Greats of the Midcentury Era Hits the Market for the First Time Ever – Robb Report

A Compound Along the Coast of Corfu Hits the Market – Cottages & Gardens

Sacramento’s Fab Forties Neighborhood Is ‘Bulletproof’ From Market Swings – Mansion Global

This $12.5M Arizona mansion comes with a fully functional hockey rink – The New York Post

Top celebrity home sales for 2023 exceed expectations – Elite Agent

Rhode Island’s Spectacular Spindrift Mansion Is a $10M Oceanfront Dream – Realtor.com

$1.1 Million Homes in California – The New York Times

An Oasis in Cotuit: Beautiful Home Offers Large Yard in Quiet Neighborhood at $1.299M – Cape Cod Times

Top Celebrity Home Sales for 2023 Exceed Expectations – Elite Agent

Houston’s Highest-Priced Homes Sold Last Month Include a 20-Acre English Manor – Houston Chronicle

Desert home for sale in Arizona comes with its own ice rink — and people are stunned – Yahoo! News

Estate for sale embodies “Desert Moutnain spirit” in California – Sacramento Bee

Homes for Sale in Manhattan and Brooklyn – The New York Times

Simple Elegance: Midcentury Modern New Jersey Home Graces the Market for $995K – Realtor.com

Real Estate News • January 12, 2024

Luxury Real Estate Top Sources: Second Week In January 2024

Explore luxury & global real estate highlights, from wellness homes to midcentury marvels, curated by top sources like Sothebys & WSJ.

Sothebys International Realty

7 Wellness Homes For The New Year – Sothebys International Realty

4 Home Theaters That Steal The Show – Sothebys International Realty

New Development Spotlight: Residences At Salamander In Middleburg, Virginia – Sothebys International Realty

Why Buyers Are Turning To Homes With Dopamine-Inducing Decor – Sothebys International Realty

Real Estate News

Midcentury Modern Home in Palm Springs Lists for the First Time in 65 Years – The Wall Street Journal

Live Out Your ‘Yellowstone’ Fantasy at This $31M Log Cabin Estate – Robb Report

This $30M Property in New York Comes With a Bevy of Wellness Amenities – Robb Report

$2,400 Per Square Foot: Welcome to New York’s Priciest Neighborhood – The Wall Street Journal

$3.1M Marvel: Glass-Walled, Midcentury Manse in Houston Reflects Serious Interest – Realtor.com

What to Know Before Buying a Home in Vermont’s Booming Real Estate Market – Galerie

Here’s What Luxury Buyers Want in a Home in 2024, According to a New Report – Robb Report

$3M Homes in California – The New York Times

A Bungalow by the Beach in Sandwich: Renovated Gem with Roof Deck at $839 – Cape Cod Times

The 10 Most Expensive Hamptons Home Sales of 2023 – Behind the Hedges

Mountain home comes with a ‘suspended glass bottom pool’ — and is for sale in Colorado – Yahoo!

In Healdsburg, the Perfect Modernist Retreat by Swatt Miers, $18.9M – CA Home + Design

Hot Properties: 4 Listings Heating Up the Denver Market This Month – 5280

House Tour: Actor Jim Carrey’s US $26.5 Million ‘Magical’ House in Los Angeles – Home & Decor

$1.3 Million Homes in Florida, Georgia and Delaware – The New York Times

Real Estate News • January 10, 2024

2024 Luxury Outlook Report Reveals Affluent Home Seekers Expanding Reaches And Sustainability Is Top Of Mind

Sotheby’s International Realty Releases 2024 Luxury Outlook Report Uncovering New Hot Spots for Global Investment, International Destinations With Enticing Tax Incentives, and How Cities and Suburbs Continue to Fare Post-Pandemic

Today, Sotheby’s International Realty published its 2024 Luxury Outlook report, a comprehensive exploration into high-end real estate markets across the globe. Following several years of residential real estate frenzy, the report reveals that buyers have begun to acclimate to a new normal of higher interest rates, with high-end home seekers expanding their reaches to more parts of the world with Australia, Mexico, Saudi Arabia, and Turkey poised for growth. The report explores the trends shaping real estate investment decisions in the year ahead, from the intergenerational transfer of wealth, to pinpointing parts of the world where tax incentives are increasingly enticing.

“Our goal for the fourth edition of the Luxury Outlook report was to couple the expert insight of our agents with the perspectives of leading global institutions on the trends affluent buyers can expect in the months ahead to help them make opportunistic transactions in 2024,” said Bradley Nelson, chief marketing officer, Sotheby’s International Realty. “Despite higher interest rates, demand remains strong in many corners of the market, as people move both because they’re going through major life events—such as new children or new jobs—or simply because they want to upgrade their home and, with it, their lifestyle.”

The Sotheby’s International Realty 2024 Luxury Outlook report was compiled by surveying Sotheby’s International Realty agents around the world who transact in the US$10M+ price category. This information was complemented by gathering supporting data from other leading industry experts, including UBS; The Brookings Institution; McKinsey & Company; and property technology and security firm, Kastle Systems; in addition to art and luxury experts at Sotheby’s, the famed auction house, to round out luxury trends in the year to come.

Key findings featured in the report include:

The international market remains robust; policy and regulatory changes are closely linked with real estate markets and are driving investment decisions

High-net-worth individuals being more mobile than ever – maintaining multiple residences – and looking at transactions with a modified perspective in light of higher taxes, new government incentives, or in the face of a changing climate

The real estate industry using the synergy of the real world and the cyber world to market and sell homes

The dominance of telecommuting and hybrid work shifting the demands of affluent homebuyers

Sustainability moving from a niche interest to now being top of mind for many buyers

A historic rise in mortgage interest rates translating into a higher percentage of all-cash deals around the world

Owners needing to be strategic to minimize the tax impact of their wealth transfer given a strong appreciation of real estate values in recent years and the looming drop in the estate tax exemption

More than 80% of leading Sotheby’s International Realty agents said AI is likely to have the biggest impact on the real estate industry in the next five years vs. virtual reality or blockchain

“As we continue to navigate shifts in the real estate market, Sotheby’s International Realty agents from 83 countries and territories around the world continue to lead the way,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “Luxury Outlook offers our clients unparalleled and trusted expertise as they seek to make informed real estate decisions in the year ahead, whether buying, selling, or investing, wherever they may be.”

Click here to read the complete report.

This article originally appeared at https://www.sothebysrealty.com/extraordinary-living-blog/2024-luxury-outlook-report-reveals-affluent-home-seekers-expanding-reaches-and-sustainability-is-top-of-mind