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Jill Duncan
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"Why is my luxury property listing not selling?" It is very likely that your luxury real estate market is slowing down, especially if you're in New York, San Francisco, Miami, Aspen, Hong Kong or London. Asking prices are falling, average... Continue reading
Posted Nov 22, 2016 at Luxury Insights
You’ve heard all the complaints about Millennials. Spoiled, lazy, entitled kids who think the world revolves around them. But stereotypes are just that — stereotypes. And it’s foolish to think that this generation — which will be larger than the... Continue reading
Posted Jul 6, 2016 at Luxury Insights
In northwest London, a tony suburb called Highgate is the site of London’s largest private house — estimated to be worth more than 100 million pounds (approximately $142.3 million). Witanhurst — an eleven-acre property with an expansive, multi-level mansion —... Continue reading
Posted Jun 27, 2016 at Luxury Insights
For some, a dream home is a gorgeous mansion with acres of beautiful greenery. For others, it’s a elegant penthouse in an urban skyscraper. For Florida widow Lee Wachtstetter, it’s a 1,070-passenger luxury cruise ship — the Crystal Serenity. During... Continue reading
Posted Jun 15, 2016 at Luxury Insights
Thanks to technology, taxis and limousines no longer have a monopoly on on-demand automobile travel. Companies like Uber, Lyft and others have harnessed mobile app technology — and a ready workforce of freelance drivers — to change the way people... Continue reading
Posted Jun 3, 2016 at Luxury Insights
So if you’re one of the few people left on Earth, can you still live in luxury? What if you’re stuck in an underground bunker? Survivalists are already answering these questions — with incredible survival bunkers built with the luxury... Continue reading
Posted May 27, 2016 at Luxury Insights
There are a variety of challenges facing today’s ultra-high-net-worth-individuals (UHNWIs), according to the 10th edition of “The Wealth Report” — published by global real estate consulting company Knight Frank. The 2016 Attitudes Survey is based on responses from approximately 400... Continue reading
Posted May 16, 2016 at Luxury Insights
Along with clothes, watches, and wine, high-end and vintage cars are a favorite collector’s item for high-net-worth individuals. And—just as many luxury homes have custom wine cellars and walk-in closets—luxury homeowners with treasured car collections are likely to want a... Continue reading
Posted May 4, 2016 at Luxury Insights
The next decade and beyond will see many changes in who holds the world’s wealth, how they acquire it, and what they do with it. Old Money Individuals who have inherited their wealth favor investing their money in luxury residential... Continue reading
Posted Apr 18, 2016 at Luxury Insights
Even in the most extravagant homes, in which no expense is spared to make the homeowner and their guests feel pampered, Americans have historically deprived themselves of the ultimate in household luxury: heated, remote-controlled toilet seats with a built-in bidet... Continue reading
Posted Apr 6, 2016 at Luxury Insights
Neighborhood social app begins testing advertising Perhaps as a result of our lives moving further into the digital realm, the tight-knit American neighborhoods of old have been replaced by communities of relatively disconnected individuals. According to a 2015 City Observatory... Continue reading
Posted Mar 23, 2016 at Luxury Insights
Londoners with limited space are digging deep Over the past decade, many of London’s most famed and wealthy residents have been expanding their homes’ square footage by adding enormous basements below their gardens. The controversial trend came about when wealthy... Continue reading
Posted Mar 9, 2016 at Luxury Insights
In 2006, Denver Realtor and Institute Member, Joan Rogliano, started a support group for her transitioning clients of divorce and widowhood. The Wildflower Group that was once a support group quickly became an opportunity to educate clients about options regarding... Continue reading
Posted Feb 25, 2016 at Luxury Insights
Beginning in March of this year, the Treasury Department will take steps to increase transparency in luxury real estate transactions. The new initiative will target all-cash real estate purchases made by shell companies, LLCs, partnerships, and other entities that conceal... Continue reading
Posted Feb 22, 2016 at Luxury Insights
Capturing business from an offline generation An October 2015 report from Forbes Insights, Engaging 50+ Consumers In A Digital World, examines the consumer behaviors of wealthy Americans 50 years old and above, a demographic which holds $3.6 trillion in annual... Continue reading
Posted Feb 18, 2016 at Luxury Insights
It’s no secret: renovating a luxury kitchen has historically been an outlandishly expensive endeavor. For owners of a high-end home, a kitchen update can cost anywhere from $50,000 to well over $100,000. These renovations, however, imply another hidden cost: the... Continue reading
Posted Jan 31, 2016 at Luxury Insights
The growing popularity of high-rise living is most notable in cities such as New York, Chicago, and Miami, where ultra-high-rise condo towers offer high-end amenities, high quality of life, great views, and unbeatable convenience for individuals who would rather not... Continue reading
Posted Jan 25, 2016 at Luxury Insights
Consumers are looking for new ways to buy and sell real estate. A recent Redfin-commissioned survey of 2,134 individuals who had bought a home in the last 2 years shows that only 21% of respondents prefer buying and selling homes... Continue reading
Posted Jan 23, 2016 at Luxury Insights
The luxury bathroom is becoming a haven for peace, relaxation, and pampering within the home. Since the bathroom is one of the most commonly remodeled rooms in the house and tastes are ever-changing, here are some of the most important... Continue reading
Posted Jan 18, 2016 at Luxury Insights
In decades past, luxury consumers were a primarily homogeneous group with ostentatious style and a taste for status-setting items with luxury labels. Today, however, these values are all but obsolete. Luxury consumers are more varied, diverse, numerous, and complex than... Continue reading
Posted Dec 28, 2015 at Luxury Insights
The Institute announces new strategic partnership with McKissock Learning Starting in 2016, all Members of The Institute of Luxury Home Marketing will receive free online Continuing Education (CE) and Professional Development courses from McKissock Learning, a national leader in real... Continue reading
Posted Dec 23, 2015 at Luxury Insights
A mansion outside Paris just shattered the record for the world’s most expensive home, selling for 275 million Euros. Although it was constructed in 2011, the Château Louis XIV is built in the style of 17th-centruy French estates, featuring a... Continue reading
Posted Dec 17, 2015 at Luxury Insights
While luxury homes are often criticized for being excessive and wasteful, the last few years have seen high-end construction make a concerted turn toward improved sustainability and efficiency. In 2015, more than ever, smart home technology is being applied to... Continue reading
Posted Dec 7, 2015 at Luxury Insights
Affluent Chinese nationals are scrambling to invest their wealth in US real estate. As of last year, Chinese consumers are the biggest foreign buyer of US real estate, and they’re the nationality willing to pay the highest prices for their... Continue reading
Posted Dec 3, 2015 at Luxury Insights
2015 design trends move away from the all-white kitchen In addition to being a hub of family and social life within the home, kitchens are an important way for homeowners to make a statement about their property, identity, and taste.... Continue reading
Posted Nov 16, 2015 at Luxury Insights