Millennial art buyers, ‘toe dipping’ and the return of staycations: 8 summer trends you need to know

The rise of the millennial art collector, testing the waters in a new locale and vacationing closer to home are all trends luxury real estate agents are seeing from their clients moving into summer. Continue reading

Sotheby’s Concierge Auctions preps for global growth with 2 key hires

Sotheby’s Concierge Auctions has hired two former Sotheby’s International Realty executives, Zackary Wright and Charlie Smith. Both men will lead SCA’s international growth. Continue reading

Sotheby’s, Ben Caballero, sweep RealTrends The Thousand rankings

Caballero completed $1.98 billion in sales volume in 2021, and Sotheby’s International Realty boasted the most agents in the individual agent by sales volume category. Continue reading

Surplus of Hamptons summer rentals is leading to price cuts

Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market’s landlords slashing their rental prices this summer. Continue reading

Christie’s Rick Moeser joins Douglas Elliman, business development CEO

Moeser has 30 years of experience in the luxury residential realm and most recently served as executive director at Christie’s International Real Estate for about 17 years. Continue reading

Home that inspired ‘The Conjuring’ sells for 27% above asking

The home — which dates to approximately 1736 — conjured up a $1.525 million sale price after listing for just $1.2 million. The buyer was Jacqueline Nuñez, a real estate developer from Boston. Continue reading

Sotheby’s taps former Compass executive to lead sales operations

Former Compass regional president Kamini Rangappan Lane has joined Sotheby’s International Realty, according to an announcement on Monday. Lane will lead the brokerage’s sales strategy. Continue reading

Palm Springs ‘Poolside Gossip’ home sells for record $13.06M

The tranquil, modernist home that inspired the 1970s photograph by Slim Aarons has sold for a record $13.06 million in Palm Springs in an off-market deal. Continue reading

Reese Witherspoon sells Brentwood estate for $21.5M within 1 month

The 10,000-square-foot home was originally purchased by a trust linked to Witherspoon in 2020 for $15.895 million. Continue reading

Family, staff and hours: 7 sacrifices agents are making amid tough times

As they consider the uncertain future ahead, here’s what real estate agents are giving up in their professional and personal lives. Continue reading