Take a Virtual Tour of the Castello della Costa d’Oro

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We invite you to imagine what life at the majestic Castello della Costa d’Oro would be like with an exclusive virtual tour. The following video will take you through the one of a kind California estate to see what makes the Golden Coast Castle so magical.

From the sparkling shores to the vibrant green foothills, the video begins with bird’s-eye views of the incredible location and breathtaking landscapes that surround the property. Taking you in closer, you’ll then enter through the double doors of the main entrance to begin a tour through the interior of the main residence. During your tour, you will witness stunning architectural details and finishes including columns, dome ceilings and Venetian paintings and sculptures as well as impressive amenities including the gorgeous car showroom.

 

Of course, the true beauty and luxury of this estate can only be realized in person. To schedule a personal showing to see the Castello della Costa d’Oro in California currently listed at $58 million, please contact Hurwitz James Company in Beverley Hills at 888-681-5902.

 

U.S. News Names 3 Reason Why Luxury Real Estate is So Hot!

Believe it or not, we have officially returned to a time where tens of millions of dollars are once again being thrown into bidding wars for trophy properties in the most sought-after localities of the nation. U.S. News solicited the experts to reveal the driving factors behind the surge of top dollar sales and the now sizzling mega-million housing market.

1. A Safe Haven: In the eyes of affluent foreign buyers, the U.S. luxury housing market is a relatively safe depository for investments compared to Europe’s tumultuous markets.

“Even with the negative outlook . . . investors continued to flood into U.S. treasuries, driving rates of return lower.”

2. Cash Flow to Seal the Deal: High-end homebuyers are not constrained by the tight credit and mortgage issues that the majority of today’s homebuyers are facing; rather, these big-time buyers have the freedom to purchase or at least offer a significant down payment up front.

“There’s a sentiment . . . That’s moving some [would-be buyers] from the sidelines and getting them into the game.”

3. Pouncing “Low” Prices: Every buyer knows low prices won’t last for long; and when it comes to mega-mansions, buying could mean saving millions.

“Even if you’re in [the luxury market segment], prices are lower than they were three, four, five years ago.”

With incredible experience in the global luxury real estate markets and high-end auctions, the experts at Hurwitz James Company can help you find the mansion of your dreams at a surreal price; contact Hurwitz James Company in Beverley Hills at 888-681-5902.

 

The Shelter Island Estate in Montana was recently listed for $78,000,000; contact Hurwitz James Company for more details. 

luxury home sales

Source: U.S. News

Bidding Wars on Luxury Homes in L.A. are Back

luxury real estate california A recent Bloomberg news report is delivering great news to luxury home sellers in the Los Angeles area. According to recent luxury real estate trends, bidding wars have rekindled in the prominent neighborhoods of greater Los Angeles. The news report cited wealthy localities that include Beverley Hills, Brentwood and Bel Air.

DataQuick provided property information to reporters revealing that sales of Beverley Hills homes listed at $2 million rose 11 percent to 39 closings in the first quarter compared to a year ago. In Brentwood, sales of high end homes surged 56 percent to 25 closings. Apparently, this trend is beginning to spread throughout the rest of the U.S. as nationwide sales of homes listed at $1 million and up increased by 7.2 percent just in the month of March. A Beverley Hills agent told Bloomberg that, “In the Los Angeles area, multiple offers — as many as a dozen per home — have reduced listing times for the highest- priced houses as bidders worried about losing out act faster than they have in the past two years.”

Luxury estate owners putting their homes on the market are seeing offers start to roll in on the first day of showings! And real estate experts confirmed that sales would be even higher if there was more inventory. To read more about these new luxury real estate trends, see the Bloomberg news report online

As a luxury real estate company in Beverley Hills, Hurwitz James Company has seen recent success of their own in high end home sales. At the end of last year, Hurwitz James successfully finalized the sale of the Razor home for $14.1 Million; the sale of the famous La Jolla home was one of the most expensive home sales in 2 years! To talk to a Hurwitz James Company agent about selling your own high end estate, please contact the Hurwitz James Beverley Hills office at 888-681-5902.

 

Photo by Walknboston

New Record Low Interest Rates & New Evidence of Increased High-End Home Sales

The second week of May marked the second straight week that mortgage rates have reached new record lows, according to a recent LA Times new report.

Freddie Mac told the LA Times that the average for a 30-year, fixed loan fell to 3.84 percent and the 15-year, fixed rate loan dropped to 3.05 percent. Adjustable loans with an initial five-year fixed rate also dipped down to 2.81 percent.

And according to a Boston Business Journal report which can be viewed on Yahoo! News, this may be one of the contributing factors to the latest evidence that is pointing towards an increase in high-end home sales in certain regions of the country. Lisa Van Der Pool reported in the news segment that that so far this year, luxury home sales are up about 27 percent while single family home sales are only up by about 19 percent.

Whether you are looking to lock in record-low interest rates with the purchase of a high-end home or you are looking to sell your own luxury estate, Hurwitz James Company has luxury listings worldwide as well as the luxury housing market expertise to meet your real estate needs. Contact Hurwitz James Company in Beverley Hills by calling 888-681-5902.

The Bradbury Estate in San Gabriel Valley listed at $78.8 million; contact Hurwitz James Company for more information. 

luxury estate listings worldwide

The Wall Street Journal Reports: Vacation Home Market Heating Up

Vacation home sales are on the rise as investors realize that the incredibly buyer-friendly market conditions won’t last forever. Here is what Wall Street Journal writer Joe Light reported in a recent article.

“If you’re thinking of buying a second home in the next five years, this might be your best opportunity . . . Near-record-low mortgage rates, bargain prices and dwindling home inventories are bringing some once-untouchable markets within reach for the first time in a decade, say housing-market experts.”

As the article confirms, there is a sense of urgency to take advantage of current rates and prices that is spreading among luxury real estate buyers. While conditions are still not what they were before the housing bust, they are not getting worse, as evident by an increases sales and the return of bidding wars.

The most recent National Association of Realtors survey showed a 7% increase in vacation home sales in 2011 with California locales Napa and Santa Barbara named two of the top vacation home markets.

But as the Wall Street Journal article suggests, some real estate authorities believe that signs are beginning to appear of a bottom-price for vacation homes.

Explore the vacation home possibilities that may not be available for much longer by contacting Hurwitz James Company in Beverley Hills at 888.681.5902.


The view from the hot tub at the Cabana Verde property in Costa Rica, listed at $1.5M. 
Please contact Hurwitz James Company for more information. 

How to Stay Current in the Luxury Real Estate Market

Investors and high-end homebuyers can rely on Unique Homes and Hurwitz James Company as go-to resources for information on luxury real estate listings worldwide.

Reaching over 80 countries, the Unique Homes print and digital magazine has become an authoritative source for informative luxury real estate articles and stunning photography of the world’s most impressive properties. The Unique Homes site, which allows you to easily search listings, is also one of the most-visited luxury home websites in the industry.

Since starting in 1987, the Hurwitz James Company name has become associated with some of the world’s most prestigious neighborhoods and properties. Founder and president of Hurwitz James Company, Bob Hurwitz specializes in multimillion dollar estates and luxury residential developments and is the sole Realtor for the marketing and sales of the exclusive residential island known as the Ocean Reef Islands development.

By following Hurwitz James Company you can not only see our latest listings, but you can also stay in the know with current activity and trends in the global luxury real estate market. Here at Hurwitz James, we pride ourselves on providing a rich mix of lifestyle, listing and market information through all three of our social media platforms. But we want to hear from you, too! Join the luxury real estate discussion by following and commenting on the Hurwitz James Company blog, Facebook and Twitter.

National Association of Realtors Reports: Vacation Home Sales Surge!

There’s one word that has been on investors’ minds in the past year, and that is “vacation!” According to a recent report released by the National Association of Realtors, sales vacation home sales have spiked in the past year. The luxury real estate market is swiftly rebounding as more investors and higher-income households are taking advantage of low prices and snapping up upscale vacation homes.

The National Association of Realtors found that there were 1.2 million homes purchased by investors in 2011, a 65% increase in only one year’s time. The number of investment home sales accounted for 27% of all home sales in 2011, which is up from 17% in 2010. The number of second home or vacation home purchases also rose 7% in the past year to 502,000, which accounted for 11% of all real estate transactions.

As the report states, “Lifestyle factors have consistently been the primary motivation for vacation-home buyers . . . Eighty-two percent of vacation-home buyers said the primary reason for buying was to use the property themselves for vacations, or as a family retreat.”

There’s no better time to buy that second home than now. Hurwitz James Company in Beverly Hills, California currently has listings for luxury properties in the most desirable zip codes in America as well as the most desirable cities all over the world. Take a look at these two current listings, which would make perfect vacation homes.

 

 Cabana Verde in San Isidro del General, Costa Rica available for $1,500,000

Villa La Mulata in Sosua, Dominican Republic available for $670,000