15 Del Mar, Newport Coast, CA Sold for $61,000,000
Fredericksburg, TX
Sold for $17,000,000 Represented by Gary and Michelle Dolch 23 Ezekillis Holw, Sag Harbor, NY
Sold for $14,500,000 Represented by Matt Breitenbach and Christine Resnick 340 Stanwich Road, Greenwich, CT Sold for $8,650,000
Represented by Michael Ferraro
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Compass luxury in the news |
Manhattan real estate developer Aby J. Rosen has constructed the residences at 100 East 53rd Street not only as a showplace for some of his pieces but as the ideal gallery for homeowners who also appreciate fine art. Represented by Leonard Steinberg. |
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What we are hearing in the luxury space |
The luxury real estate market continues to march to the beat of its own drum. When stocks tanked in March, U.S. luxury home prices were still up a little more than 1% over the prior year, and they’ve only grown since. As of June, the most recent figures show the median price for the top 5% of luxury real estate had appreciated 3% from the start of the year despite high unemployment and prevailing economic uncertainty.
Luxury brands have seen promising success with personalized virtual shopping experiences. In an effort to generate greater customer satisfaction, especially during a virtual world, e-commerce applications have seen that conducting live online shopping events and consultations can boost sales of a certain luxury product by upto 400 percent.
China's number of billionaires under the age of 40 has surged in 2020 due to an ongoing tech boom, despite the global pandemic. Of the 60 billionaires in China under the age of 40, 14 of them joined the club for the first time in 2020, as a tech-fuelled stock market grew and a slew of IPOs paved the way for wealth growth amid the coronavirus downturn.
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In the world of luxury real estate, the Hamptons market traditionally flourishes in summer months and experiences a slight chill in the autumn. This year however, activity on the East End is a year-round affair as top-of-the-market buyers are attracted to some of the nation’s most desirable properties and the unique lifestyle the area offers, as indicated by sales volume spiking 341% from this time last year. |
Reaching New Heights in an Unprecedented Year |
One top Hamptons team, having joined Compass just months before the pandemic hit, has embraced change with particular success. This month, the CeeJackTeam isn’t just celebrating one year at Compass – they’re celebrating 70 closed transactions, 157% business growth, and a lot more to come. |
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Striking contemporary-style residence whose French Modern exterior shines in exclusive celebrity enclave. Represented by Tomer Fridman. 8 Beds | 14 Baths
$37,999,999 |
235 Middle Neck Rd Notable Sands Point estate that celebrates the best of waterfront living for the 21st century. Represented by Alana Mitnick Benjamin.
14 Beds | 8 Baths | 1 Half Bath |
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Los Gatos, CA 95030
Custom Paul Conrado masterpiece boasts 180-degree views of the S F Bay and Silicon Valley. Represented by Nevis and Ardizzone Team. 5 Beds | 5 Baths | 3 Half Baths |
2 Hidden Hill Westport, CT 06880 Fabulous beach home that's a masterful blend of contemporary and timeless, casual and formal, sexy and glamorous. Represented by Karen Scott. 7 Beds | 8 Baths | 1 Half Bath |
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Spotlight on New Development |
Welcome to The Symon, a new boutique condominium at the cross roads of historic Brooklyn Heights and trendy Downtown Brooklyn. Located a half-block from the Brooklyn Heights Historic district and adjacent to Downtown Brooklyn, The Symon offers access to destination cultural venues: The Brooklyn Academy of Music, Barclays Center, the Brooklyn Bridge Park, The Promenade, numerous educational institutions, proximity to 13 subway lines, and conveniences ranging from Apple, Equinox to Whole Foods and Trader Joe’s and an array of beloved local establishments. |
Stay up to date with Compass' latest luxury listings and news at LuxuryAtCompass.com. |
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© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.
All material presented herein is intended for informational purposes only. Information is
compiled from sources deemed reliable but is subject to errors, omissions, changes in price,
condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any
description. All measurements and square footages are approximate. This is not intended to
solicit property already listed. Nothing herein shall be construed as legal, accounting or
other professional advice outside the realm of real estate brokerage.
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