State of the Union: Luxury Market Recovery?

The luxury market in the Northwest is showing signs of recovery. In the last six months of 2009 there were 21 sales above $3 million. And, more importantly, 48% of those sales happened in the 4th quarter. We hope having these sales in the 4th quarter show positive signs for 2010 and that we are heading towards recovery. There seems to be a real energy in the luxury marketplace on behalf of buyers that we did not see at all in the first two quarters of 2009.

In looking at 21 sales that closed in the last 6 months, all of them sold within 15% of the listed price. Remarkably there were two sales above $10 million … Continued
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Superb Home, Superb Staging

Den Before Staging

To effectively market luxury homes in a competitive housing market it is imperative real estate agents think creatively about how to best present the properties to prospective buyers.

I am proud to represent the ultra-luxury residence at 10005 Meadowbrook in Dallas’ Preston Hollow neighborhood. To highlight the home’s uniqueness, I selected Dallas-based interior designer Barry Williams of Barry Williams Inc. to stage the almost 12,000-square-foot residence, which features a treasure trove of inl … Continued
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Park Cities – A Local Luxury Real Estate Market Snapshot

It’s always informative to step back and take a quick “snapshot” of a specific niche of the local luxury residential real estate market. In Dallas, a good barometer of how things are fairing is the $2- to $3 million price band in the highly sought-after Highland Park Independent School District. The district is widely known for the quality education it offers, and the towns it serves, Highland Park and University Park, are known for the quality of housing they offer the district’s families.

So … just what will $2- to $3 million buy in the way of luxury housing in the Park Cities? http://www.luxur … Continued
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Bellevue has arrived!

It is no longer the little town that started in 1953. Now we can all experience the luxury of shopping at our very own Neiman Marcus. Bellevue has officially grown up into a sophisticated city with luxury shopping in addition to the luxury homes. It is no longer a sleepy bedroom community of Seattle. Sip champagne while shopping at Jimmy Choo or stop for lunch at the Wild Ginger. The shopper girls and trend setters will have their own little bit of heaven right here in Bellevue, Washington.

Th … Continued
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Proper pricing key to luxury buyers

One of the best ways to judge the strength of the luxury housing market is to simply count the number of serious buyers at a weekend open house event.

Recently, I held an open house at my newest listing: 4329 McFarlin in Highland Park. This immaculate home completed in 2002 offers more than 6,200 square feet of living space, a downstairs master suite, a corner lot with 90-foot frontage in the well-respected Highland Park school district and a lagoon-style pool. on … Continued
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The luxury market is picking up in Dallas

All indications are the market is experiencing the bounce we typically associate with springtime in Texas. This year luxury home sales are growing stronger at a time of year that we often see sales begin to slow. I attribute much of the “typical” summer slowdown to the extreme heat of summer in Texas and the mass exodus of affluent buyers to second homes and vacations in much cooler climates.

A fine example of the market gaining steam in Dallas is my listing at 3412 Princeton in Highland Park, which rec … Continued
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Cabin Fever

Every August a certain fever arrives. It beckons cabin owners to travel and hide away during the hottest month of the year. Miller Young Design clients are definitely doing this in style. We have a vast array of “Clientele in the Cabin”. One favorite is The Log Style. Homes built from logs can be found all over the Northern Hemisphere, typically in areas where trees are in abundance. Whether traditional hand crafted log or a new application of the milled log, contemporary and ranch built cabins are quite stylish. For many, the log cabin has become an idyllic form of architecture. These serene es … Continued
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What will a few million dollars buy in Dallas?

In short, a whole lot of house. Dallas is known as a city that lives large, and that couldn’t be more true than when it comes to luxury real estate. Dallasites expect a lot of square footage and for a few million dollars they can literally count on it. My listing at 9898 Hollow Way is a prime example. Priced at $4.5 million, it is situated on almost three-quarters of an acre in prestigious Preston Hollow. This beautiful new home with every conceivable amenity features a 34-foot-high … Continued
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Is the second home market a luxury market?

These days, everyone is cutting back on wants & focusing mainly on needs. For this reason, the secondary home market has been hit reasonably hard during this economic recession. I believe it will make a come back as <u>confidence</u> in the real estate industry grows & more buyers take a leap of faith to invest once again in real estate. While the financial implications of a second home carry considerable weight, the hope is that your second home is first a place for fun, relaxation, enjoyment and quality fa … Continued
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Casual Luxury Style Rising At Sea Level

Casual Luxury the enchanting style of luxury homes of today is deep-rooted in the desert foothills and is truly a style that is rising at sea level.

The creation of a comfortable natural environment with a dignified aura of modishness that is not strict and noticeably casual, however maintains the specifications of luxury products, is an art form.

Natures’ backdrops such as mountain views sites are optimal for desert residences. Mountains are indicative of the landscape of the valleys of the West and since streams and lakes are usually not on property, man-made natural water features are complementary and key in offering a relaxing approach and feeling of well-being throughout the property.

The application of identical specification for interior and exterior stone facades presents a link to nature, nurturing indoor-outdoor experiences and leading to the embraced (now massive) great rooms in the style of Casual Luxury. The same application can also be seen in the private residence areas with their ever so popular “Spa Features” together with all amenities. Spa ensembles are increasingly chic, enjoyable, and convenient to have at home for health and beauty. Pure luxury in a natural setting is the description of a beautiful spa.

Home Chef? Or just prefer a substantial welcoming kitchen? A plan that tends to this craving has divided great rooms which now include the serving and dining kitchen suited with dramatic ceiling treatments.

Hosting a concert of art takes us to completion. This is the answer to all other calls of the habitat; strong architecture, stone and natural backdrops. Collections by several individual artists. Powerful either in subject, size or color, each relative to the site and their group. Artifacts are welcome in moderation. Viewing spaces are generous and open to observers of the collections, as are the distinguished natural views.

Miller Young Design’s Bill Miller has recently completed the firm’s latest “Casual Luxury Residence” revealed in Contemporary.

Within our portfolio of style we at Miller Young are inspired to create Casual Luxury for our clients offering them the Beautiful Natural Environments they call home.

Posted by:Linda Young

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