Tag Archives: luxury_lens

58 cities that had million-dollar homes in 2022 don’t anymore: Study

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The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Continue reading →

Anthony Hitt unveils brand refresh at Engel & Völkers’ EVX conference

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Engel & Völkers’ luxury agents poured into Miami this week for the company’s 10th annual conference, where Americas CEO Anthony Hitt revealed the brokerage’s “Refined” brand refresh. Continue reading →

William Lauder buys Rush Limbaugh’s Palm Beach estate

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The deal marks a new record price for the market of Palm Beach where the priciest deal previously went to hedge funder Ken Griffin’s purchase of four parcels for $129.6 million in 2013. Continue reading →

The Nassimi Group hitches its wagon to Douglas Elliman

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Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume. Continue reading →

Florida top producers Adam Levy and John D’Amico join Compass

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The agents join Compass from Berkshire Hathaway HomeServices and boast at least 25 years of experience in the industry, Compass exclusively told Inman. Continue reading →

US dominates the globe with most ultra-high-net-worth homeowners

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The U.S. notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30 million. New York City clinched the top spot on a list compiled by REALM and WealthX. Continue reading →

There are 1.25 million fewer million-dollar homes in America in 2023

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The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading →

Corcoran breaks into Europe with forthcoming Italian affiliate

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The firm, previously known as Immobiliare Magri, will officially launch as Corcoran Magri Properties sometime in the next several weeks led by Maddalena Magri, the brokerage exclusively told Inman. Continue reading →

Christie’s affiliate owners: In a downturn, spend money (prudently)

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The two-day Christie’s International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states. Continue reading →

It’s a Bel Air mansion with its own $25,000 fragrance. But why?

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Designer César Giraldo believes the decision to conjure a custom branded fragrance for a single homeowner at 1859 Bel Air Road will pay off by bridging marketing, design and emotional appeal. Continue reading →