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 EffectSothebys International Realty

4 Homes That Prove Art Deco Has Never Gone Out Of StyleSothebys International Realty

Inside A Mediterranean-Style Montecito EstateSothebys International Realty

Mood Board | How To Incorporate Statement Rugs Into Your Luxury HomeSothebys International Realty

Real Estate News

This $24 Million Villa in The Bahamas Takes Its Design Cues From BaliRobb Report

A Renowned Designer’s Well-Appointed Hamptons Home Lists For $10MRobb Report

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

Firewood Displays Are So Popular, Even Gas-Fireplace Owners Want InThe Wall Street Journal

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

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

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

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

In Los Angeles, a 1930s Home With Archways Galore Seeks $1.7MDwell

$2.5M Homes in CaliforniaThe New York Times

Home Showcase: A Year-Round Escape in SandwichBoston Herald

Martha’s Vineyard Vacation Rental Lists for $1 Million Per MonthForbes

Paradise Valley Is Home to America’s Priciest Desert Real EstateThe Wall Street Journal

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

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

Furnished $4.59 Million Lakefront Lodge on Lake Blue Ridge Includes Observatory TowerPricey Pads

Johnny Carson Owned This Stone Manor Selling Outside New York City in the 1950sMansion Global

Tour a $19.5M Turks and Caicos Mansion Dripping in EleganceCottages & Gardens

Hilltop $14.9 Million Resort-Style Modern Retreat in Paradise Valley, ArizonaPricey Pads

$950,000 Homes in Maine, Florida, WashingtonThe New York Times

6 Bright Homes with GreenhousesThe Week

A Rare Frank Lloyd Wright Home Is For Sale in IllinoisArchitectural Digest

Vista Real Estate Joins Sotheby’s, Expanding Its Presence in CaliforniaHousingWire

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 WallpaperSothebys International Realty

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

Inside A Stylish Hamptons HideawaySothebys International Realty

Sotheby’s International Realty Expands In CaliforniaSothebys International Realty

Real Estate News

Inside the Most Expensive Summer Rental on Martha’s VineyardRobb Report

Log Cabin Living—but LuxuriouslyMansion Global

Star Broker Jaime Richichi Moves to Sotheby’s International RealtyInman

Heirs and Heiresses List Luxury Homes: Goya Foods, Bacardi Inheritors And Others Are SellingForbes

Stellar Cellars—Five Homes for Wine LoversMansion Global

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

Mid-century Modern-style Eichler Home in San Jose Listed for $2.3MMercury News

Taking a Closer Look at The Woodlands’ East Shore NeighborhoodPaper City

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

Waterfront Home in Water Mill Even Comes With a BoatBehind the Hedges

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

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

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

In Upstate New York, a Crisp, Cuboid Home Seeks $2.9MDwell

Buying a Home Near Nvidia’s Headquarters Is Nearly Impossible Right NowThe Wall Street Journal

$2 Million Homes in Missouri, California and the District of ColumbiaThe New York Times

Inside the Most Expensive Summer Rental on Martha’s VineyardRobb Report

A Revivalist 1930s Landmark Is Selling in TorontoMansion Global

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

6 Impressive Homes in SeattleThe Week

This Rotating New Zealand House Is Like Living in a SpaceshipMansion Global

A Storied Chicago Penthouse Relists for $8.5 MillionRobb 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 ViewSothebys International Realty

Significant Sales: January 2024 HighlightsSothebys International Realty

Mood Board | Homes With Lush FoliageSothebys International Realty

Inside Seann William Scott’s Contemporary Compound In VeniceSothebys International Realty

Real Estate News

This $10 Million NorCal Wine Country Estate Has a Hobby Vineyard in the BackyardRobb Report

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

Auckland, New Zealand House Rotates 360 DegreesRobb Report

Madrona Is Seattle’s Quintessential Charming American NeighborhoodMansion Global

Homes: One of a KindThe Week

Inside Johnny Carson’s Estate, a Haven for Art CollectorsArtnet News

Ancient Soul and History All Around You: Living in the Shadow of the Roman ColosseumMansion Global

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

Own the Home Where Bob Ross’ Artist Retreats Took PlaceArtnet News

When the Acropolis Is Outside Your DoorMansion Global

New Yorkers Are Moving to Orlando: Here’s How Sellers Can Appeal to ThemMansion Global

Neighboring Penthouses at The Plaza Hotel List Together for $70MCottages & Gardens

Emma Stone Sells Bright Los Angeles Mini-Compound for $4.3MMansion Global

In Montauk, a Wooden Wonder Steps From the Beach Seeks $7.5MDwell

Massive New Construction Mansion in Hedwig Village Hits the Market at $8MHouston Business Journal

A Classic Venice Compound, $5MCA Home + Design

$4.2M Homes in CaliforniaThe New York Times

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

Topanga Canyon Compound with Foley Studio, Vintage Cabin Seeks $2.5MLos 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 AreasSothebys International Realty

RM Sotheby’s Presents ModaMiamiSothebys International Realty

Inside An Enchanting Mediterranean-Style EnclaveSothebys International Realty

4 Homes With Incredible Maximalist DecorSothebys International Realty

Real Estate News

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

Michael Dell Is Putting Boston Penthouse on the MarketThe Wall Street Journal

Glimpse Inside Jackie Kennedy’s Notable Estates, Cottages, and PenthousesArchitectural Digest

Texas-Sized Spec Home Hits the Market in Houston for $8.995MMansion 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 $9MCottages & Gardens

9 Best Places to Live in Canada, According to Local Real Estate ExpertsTravel + Leisure

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

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

Walls of Glass Connect This $3.1M Houston Home to its Natural SurroundingsRobb Report

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

If You Love Stargazing, This $10.8M Sonoma Home Has a Mini ObservatoryDwell

Tour a Super Sleek Las Vegas Modern Asking $18.5MCottages & Gardens

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

Georgia Mansion with Old West Town ReplicaRobb Report

Vail, Colorado: Casteel Creek AuctionRobb Report

Nine Square House in Copake, New York, Lists for $2.8MRealtor.com

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

$820,000 Dollar Homes in Utah, North Carolina, ConnecticutThe New York Times

Homes on IslandsThe Week

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

$35 Million Tuxedo Park Greek Revival by Harrison Design in Atlanta, GeorgiaPricey Pads

The Joy of Painting Lives On in Former Bob Ross Artist RetreatInman

Wellington Equestrian Paradise Hopes to Rein in $14.75MBehind the Hedges

$3.7M Homes in CaliforniaThe New York Times

Hot Property: East Sandwich Home Exudes WarmthBoston Herald

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

Historic 1875 Victorian Masterpiece Lists for $1.06 Million in Hudson, New YorkPricey Pads

6 Stylish Homes in ManhattanThe 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 ResidencesSothebys International Realty

4 Homes Ready For Super Bowl LVIIISothebys International Realty

Inside An Equestrian Oasis In FloridaSothebys International Realty

5 Homes That Embody The Year Of The DragonSothebys International Realty

Real Estate News

900-Year Old Castle is on the Market in UK for $12MBloomberg

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

$30M Farm Offers Seclusion and Style Outside of AucklandRobb Report

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

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

This $2.4M Sea Ranch Stunner Is a Slice of Coastal ParadiseDwell

Peek Inside the Biggest-Ever New Build to Hit the Market in MemorialHouston City Book

Home Chapels Are Blessing Backyards Across AmericaThe Wall Street Journal

Pensando a Sinner: 10 case da sogno con campo da tennisVanity Fair

Seann William Scott Lists California Home for $4.9MPeople

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

6 astounding homes in geometric styleThe Week

See Inside: This Santa Fe Home Provides Easy Access to Las Campanas ClubhouseAlbuquerque Business First

Concrete Blocks Meet Stainless Steel in This Phoenix Midcentury Asking $1.3MDwell

A Writing Cottage on the Upper East SideCurbed

Home of the Week: Inside an $18.5 Million Las Vegas Home Inspired by AviationRobb Report

$450,000 Homes in Virginia, Massachusetts and OhioThe New York Times

Furnished Sandwich Bungalow Teases SummerBoston Herald

$18.5M Mansion With Fighter-Jet Vibes Soars Onto the Market Near Las VegasRealtor.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 PenthousesSothebys International Realty

Inside An Oceanfront Jewel In MalibuSothebys International Realty

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

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

Real Estate News

This $51M Belle Époque-Style Château Overlooks the Côte d’AzurRobb Report

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

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

$2.2 Million Homes in CaliforniaThe New York Times

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

6 cool homes with ski-in, ski-out accessThe Week

Southampton Turn-key Home Lists for $5.85MBehind the Hedges

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

The 10 Most Expensive New Listings in TexasHouston Agent Magazine

Home Showcase: Warmth Emanates from Monument Beach CharmerBoston Herald

Real Estate Roundtable: Home Is Where the Heart IsBehind the Hedges

Frank Lloyd Wright and Rudolph Schindler Were Inspirations for This $3.2M Florida HomeRobb Report

$950,000 Homes in Indiana, Pennsylvania and WashingtonThe 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 ClosetsSothebys International Realty

Significant Sales: 2023 HighlightsSothebys International Realty

Video Of The Week: A Luxury Villa In Dubai, United Arab EmiratesSothebys International Realty

5 Homes With Gorgeous AtriumsSothebys International Realty

Real Estate News

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

This $12.5 Million Arizona Mansion Is a Sports Lover’s DreamRobb Report

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

$10 Million Homes in Virginia, Massachusetts and IllinoisThe New York Times

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

This $4.8M San Francisco Home Comes With a Guesthouse and a Secret GardenDwell

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

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

Live a Life of Resort-Style Luxury at Lazy River RanchCowboys & Indians

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

Wine Country Home of Restoration Hardware CEO Sells For $9MSonoma Magazine

San Francisco Mansions Hit the MarketSan Francisco Business Times

6 Remarkable Homes Built of StoneThe Week

Architect Earl Swensson’s $3.75M Home in Tennessee Epitomizes Good DesignRealtor.com

Residents Come to Colorado’s Grand Lake for Year-Round RecreationMansion Global

What you can get for $1 million in Boerum Hill, a low-key neighborhood with great transportationBrick 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 CaliforniaThe 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 LivingSothebys International Realty

Inside A Stylishly Updated Historic Home In BrooklynSothebys International Realty

Video Of The Week: A Remarkable Modern Mediterranean In Scottsdale, ArizonaSothebys International Realty

The Benefits Of Incorporating Sensory Engagement Into Luxury Home DesignSothebys International Realty

Real Estate News

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

This $2.4M Maryland Midcentury Comes With Two PoolsDwell

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

A Compound Along the Coast of Corfu Hits the MarketCottages & Gardens

Sacramento’s Fab Forties Neighborhood Is ‘Bulletproof’ From Market SwingsMansion Global

This $12.5M Arizona mansion comes with a fully functional hockey rinkThe New York Post

Top celebrity home sales for 2023 exceed expectationsElite Agent

Rhode Island’s Spectacular Spindrift Mansion Is a $10M Oceanfront DreamRealtor.com

$1.1 Million Homes in CaliforniaThe New York Times

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

Top Celebrity Home Sales for 2023 Exceed ExpectationsElite Agent

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

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

Estate for sale embodies “Desert Moutnain spirit” in CaliforniaSacramento Bee

Homes for Sale in Manhattan and BrooklynThe New York Times

Simple Elegance: Midcentury Modern New Jersey Home Graces the Market for $995KRealtor.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 YearSothebys International Realty

4 Home Theaters That Steal The ShowSothebys International Realty

New Development Spotlight: Residences At Salamander In Middleburg, VirginiaSothebys International Realty

Why Buyers Are Turning To Homes With Dopamine-Inducing DecorSothebys International Realty

Real Estate News

Midcentury Modern Home in Palm Springs Lists for the First Time in 65 YearsThe Wall Street Journal

Live Out Your ‘Yellowstone’ Fantasy at This $31M Log Cabin EstateRobb Report

This $30M Property in New York Comes With a Bevy of Wellness AmenitiesRobb Report

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

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

What to Know Before Buying a Home in Vermont’s Booming Real Estate MarketGalerie

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

$3M Homes in CaliforniaThe New York Times

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

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

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

In Healdsburg, the Perfect Modernist Retreat by Swatt Miers, $18.9MCA Home + Design

Hot Properties: 4 Listings Heating Up the Denver Market This Month5280

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

$1.3 Million Homes in Florida, Georgia and DelawareThe 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