Haute Residence continued its series of industry-leading real estate webinars today with "The State of the Luxury Market", a special talk with a panel of Christie's International Real Estate executives and top agents led by CEO Dan Conn.
The panelists were hosted by Haute Living's Seth Semilof, going deep into the latest on the luxury real estate market in their respective areas. They were:
- Sue Nickason, Vice President of Marketing and Sales at Dart Real Estate, Cayman Islands
- Nancy Almodovar, President and CEO of Nan and Company Properties, Houston, TX
- Sonja Cullaro, Executive Vice President at Christie’s International Real Estate Northern New Jersey, Westchester and Hudson Valley, NY
- Alex Jansen, Principal at Christie’s International Real Estate Aspen Snowmass, and Coastal Properties Group in Clearwater, FL
- Brian Meier, Principal of Meier Estates and Ventures at Christie’s International Real Estate Group, New York City, NY
Watch the webinar below.
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Wednesday, July 15th at 4:30PM EST / 1:30PM PST
Thursday, July 16th at 5PM EST / 2PM PST
Friday, July 17th at 2:30PM EST / 11:30AM PST
A Conversation on the Importance of Interior Design with internationally recognized designers including French-Moroccan interior designer Rita Chraibi of International Designers, Julien Bigan Director of Roche Bobois, and Nicole Fuller of the international interior design firm Nicole Fuller Interiors. REGISTER
Friday, July 17th at 4PM EST / 1PM PST
The Benefits of Investing in the Tax Neutral Caribbean. Join us for a webinar with Christie’s International Real Estate as they discuss the benefits of investing in the Caribbean real estate market. REGISTER
Highlight quotes from today's webinar:
Dan Conn: "This market dropped harder and faster than any market that I can recall, and it has rebounded quicker than any time I can recall... More people in the luxury end are focused on having another home. I think that's a permanent change... If you're into the New York life, you're in the New York Life. You don't leave it... We're not just focused on global real estate. We are focused on luxury goods and the sale of the greatest art objects in the world...
Sue Nickason: "What's interesting is the interest and the inquiries that we're getting from new markets. So obviously Hong Kong, mainland China, India, some parts of Latin America that, historically, [from which] we hadn't received a lot of interest. Those inquiries are coming through trusted advisors, such as private client lawyers, accountants, and affiliates and agents in other jurisdictions. It comes back to globally mobile affluent individuals looking to future proof in terms of residency and in terms of having a place of safe refuge such as the Cayman Islands."
Nancy Almodovar: "Christie's International Real Estate [has] been such a great resource not just on educating myself and my team on what it is to offer not only luxury properties but also luxury service. That has been great, and then being able to connect with so many of our affiliates all around the world, and be able to service our clients when they're looking to move to those parts of the world."
Sonja Cullaro: "We have seen an influx of buyers and renters from New York City into our markets across northern New Jersey and Westchester and the Hudson Valley. It started more for short-term rentals and then it quickly morphed into buyer interest. We have seen people looking for both primary and secondary residences. When they're looking for secondary residences, it's always with an eye on the school system and the fact that the secondary residence may become a primary residence in the future.
Alex Jansen: "The Aspen market came back with a vengeance. Aspen has seen at least 100% uptick as far as under-contracts right now compared to the same time last year because there was this big lag. In April and May, the closings were very anemic, but we're seeing lots of very large properties go under contract north of $10 million, and some north of $20 million in that market. In Clearwater, the month of July is slated to be the best month on record based on volume for the Tampa Bay Area.
Brian Meier: "Since the reopening of New York City, we've been very busy. We have not seen prices drop dramatically. There have been some adjustments. It's going to need a little more time to tell where it's going to shake out, but the people who are leaving Manhattan, most of them are putting their properties on the market for rent. We have had a very slight increase in the saturation on the sales side, but we do have a lot of demand."
Watch more real estate webinars curated by Haute Residence at https://www.hauteresidence.com/.
Top: Alex Jansen, Brian Meier, Dan Conn. Bottom: Sonja Cullaro, Nancy Almodovar, Sue Nickason
