Luxury Home Market Watch

Luxury Home Market Watch Insight & Commentary on the Luxury Home Market

CLHMS - Certified, Guild Member of the Institute of Luxury Homes, as well as the National Association of Realtors (USA). 28 years of experience, covering the entire spectrum of Luxury Home categories including the finest waterfront, golf and country estates. Spearheaded the launch of an exclusively luxury homes real estate company in Johannesburg, South Africa.

Steve Case,  AOL is "downsizing" and selling Merrywood, historical childhood home of Jacqueline Kennedy. Purchased by hi...
06/17/2017
AOL’s Steve Case Lists Historic Merrywood Estate for $49.5 Million

Steve Case, AOL is "downsizing" and selling Merrywood, historical childhood home of Jacqueline Kennedy. Purchased by him in 2005 for 24million dollars. Travel and different types of homes are replacing their need for the mansion.

Located in the Washington, D.C. suburb of McLean, Va., the property was a childhood home of Jacqueline Kennedy Onassis.

Here is a chart showing the average mortgage interest rate over the last several decades.
11/29/2016
Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

Here is a chart showing the average mortgage interest rate over the last several decades.

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This h

The strength of the stock market will be a key factor in the strength of the luxury market. If the stock market falters,...
08/12/2016
Luxury Home Sales & the Impact of the Stock Market

The strength of the stock market will be a key factor in the strength of the luxury market. If the stock market falters, look for high-end sales to slow. If the market advances, as it has shown signs of doing most recently, the high-end market will advance. Trust a Certified Guild Member of Institute For Luxury Home Marketing to discuss your home value 571-385-8358

In a recent post, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million+ sales price). The report revealed:  “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of homes that

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08/12/2016

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Timeline Photos
12/31/2015

Timeline Photos

Starbucks CEO buys $25million vacation home in Hawaii ...Venti-size!
08/12/2015
Starbucks CEO Howard Schultz Buys $25 Million Vacation Home In Hawaii's Hualalai - ForbesLife

Starbucks CEO buys $25million vacation home in Hawaii ...Venti-size!

Starbucks' billionaire CEO Howard Schultz has closed on a $25 million, 8-bedroom home in Hawaii's exclusive Four Seasons development in Hualalai. The 1.8-acre property hit the MLS in late January with a price tag of $33 million. The seller was William Jahnke, the former head of Well Fargo Investment…

New York Penthouse sells for $21.38 Million
08/08/2015
Trump Sells His Penthouse for $21.38 Million

New York Penthouse sells for $21.38 Million

Donald J. Trump sold a penthouse he owned at the Trump Park Avenue to the founder of the Fresh Market, a supermarket chain.

69 million Chinese citizens possess the wealth to invest in U.S. properties.
07/24/2015
China’s NWBs: Coming to a Luxury Home Near You

69 million Chinese citizens possess the wealth to invest in U.S. properties.

According to NAR’s 2014 Profile of International Home Buying Activity, China is the second largest source of international buyers in the United States. Chinese buyers rank first in terms of dollar value of sales because they most often buy high-end...

Here’s a look at what $14 million–plus will buy you along Billionaires’ Row ... #LUXURYHOMEMARKETWATCH
07/12/2015
An inside look at Manhattan’s Billionaires’ Row

Here’s a look at what $14 million–plus will buy you along Billionaires’ Row ... #LUXURYHOMEMARKETWATCH

The sky-high trophy condos overlooking Central Park will set new marks for luxury, price along 57th Street.

Chinese are now by far the biggest foreign buyers of US real estate in terms of units, dollar volume and price paid. #MU...
06/30/2015
Chinese take lead among foreign buyers of US homes - FT.com

Chinese are now by far the biggest foreign buyers of US real estate in terms of units, dollar volume and price paid. #MURPHYGROUPREALESTATE

Chinese are now by far the biggest foreign buyers of US real estate in terms of units, dollar volume and price paid, according to a report from the National Association of Realtors, which tracks property purchases across the country. In the 12

North American markets steal the show.. #LUXURYHOMES #LUXURYMARKET  #MURPHYGROUP
06/20/2015
Top 10 luxury real estate markets around the world

North American markets steal the show.. #LUXURYHOMES #LUXURYMARKET #MURPHYGROUP

When it comes to luxury homes, Europe is out and the Americas are in, with two cities in California making the grade

The price of oil has plunged. The current state of the world financial markets has us pondering volatility, safe havens,...
12/30/2014
Where To Invest In Real Estate In 2015

The price of oil has plunged. The current state of the world financial markets has us pondering volatility, safe havens, and, of course, Luxury Home Market Watch The U.S.A. heads the list of Safe Havens! Call me to find your Luxury Home before the crowds arrive ... 571-385-8358 The Murphy Group Certified Luxury Home Market Specialist CLHMS

As real estate investors look for higher rewards, they are training their sights on previously beleaguered countries, second-tier cities and lesser neighbourhoods in world hubs.

Priciest Single-Family in the U.S. sells! Greenwich, Conn. “Copper Beech Farm"- waterfront estate has sold for $120 mi...
04/15/2014

Priciest Single-Family in the U.S. sells! Greenwich, Conn. “Copper Beech Farm"- waterfront estate has sold for $120 million $70 million below List Price ...

LUXURY Home Sales are rising swiftly! #LUXURYHOMES #HOMESALES
02/24/2014
A closer look at the latest EHS release

LUXURY Home Sales are rising swiftly! #LUXURYHOMES #HOMESALES

Taking a closer look at Existing Home Sales price data reveals an interesting trend going on in the market... As shown in the chart below, while sales in the...

About 5% of U.S. households are millionaires. 7.7% of millionaires live in Maryland! All about LOCATION ... proximity to...
02/19/2014
Where Do America's Rich and Super Rich Really Live?: Video

About 5% of U.S. households are millionaires. 7.7% of millionaires live in Maryland! All about LOCATION ... proximity to Nation's Capital!

Roughly 6.1 million millionaires live in the United States. Maryland has more millionaires than any other state with about 8% of households belonging to millionaires. New York is home to 19 of the world's richest billionaires, like David Koch. His older brother Charles is all alone in Kansas. Bloomb...

The oldest house in Washington, D.C gets an elegant makeover at the hands of designer Mariette Himes Gomez
01/31/2014
Mariette Himes Gomez Decorates a Historic Washington, D.C. Home

The oldest house in Washington, D.C gets an elegant makeover at the hands of designer Mariette Himes Gomez

For the oldest house in the capital city, the AD100 designer devises an elegantly edited style that enlivens the home’s glorious Georgian architecture

Wondering what a $4.8 million condo looks like in DC? Check out one of the District’s most famous streets: Pennsylvani...
01/30/2014
Most Expensive Homes on the Market: A Penthouse in DC’s West End

Wondering what a $4.8 million condo looks like in DC? Check out one of the District’s most famous streets: Pennsylvania Avenue in the West End -

Curious about the priciest properties on the market in a given neighborhood? We were. How does the most expensive listing in Kalorama differ from the one in Old Town? Chevy Chase from Georgetown? Palisades versus, say, McLean? Each week...

Georgetown claimed 5 of the 10 homes.
01/12/2014
The 10 Most Expensive Homes Sold in Washington in 2013 (Photos)

Georgetown claimed 5 of the 10 homes.

MRIS, the multiple listing service for the Washington region, just released a list of the ten most expensive homes sold through its listings in 2013. Not surprisingly, perhaps, Georgetown claimed five of the ten most expensive homes. What was...

Five years after the financial crisis sent the fortunes of many in the U.S. and around the world tumbling, the wealthies...
09/18/2013
2013 Forbes 400: The rich have now regained all their lost riches

Five years after the financial crisis sent the fortunes of many in the U.S. and around the world tumbling, the wealthiest as a group have finally gained back all that they lost!

Five years after the financial crisis, the mega-rich have regained all the wealth they lost during the recession, setting a new record value for combined net worth, according to Forbes' 400 richest Americans list released Monday .

Sales of high priced homes are now leading the recovery. Thinking of selling a Luxury home in Great Falls, McLean, Resto...
07/08/2013
Luxury Sales Grow Faster than Other Price Tiers | RealEstateEconomyWatch.com

Sales of high priced homes are now leading the recovery. Thinking of selling a Luxury home in Great Falls, McLean, Reston, Oakton, Vienna, N.Arlington or Loudoun county, call The Murphy Group Certified Luxury Home Market Specialist.

Luxury sales have turned the real estate economy on its head. Just a few months ago, sales were shaped like a pyramid, with demand greatest for lower priced properties. Now sales of high priced homes are leading the recovery.

Where do you want to begin your Luxury Home Search in Fairfax County?  In Great Falls, McLean, Oakton, Vienna and Reston...
06/19/2013
Wealthy ZIP Codes Starved for Mansions

Where do you want to begin your Luxury Home Search in Fairfax County? In Great Falls, McLean, Oakton, Vienna and Reston ... there are 440 homes available above $1 million ...

Housing supply is down more than 50 percent in the nation's richest ZIP codes.

DAFFODILS ARE MORE PROLIFIC THIS SPRING ...
04/11/2013
DAFFODILS ARE MORE PROLIFIC THIS SPRING ...

DAFFODILS ARE MORE PROLIFIC THIS SPRING ...

Than ... Homes FOR SALE signs in Great Falls, Virginia.In fact, we are seeing the lowest inventory of homes for sale, in over 5 years. It is definitely, a Seller’s Market.Let’s look at The Price T...

WHAT IS HAPPENING IN THE 22066 GREAT FALLS REAL ESTATE MARKET?The median list price in March for single family homes in ...
03/18/2013

WHAT IS HAPPENING IN THE 22066 GREAT FALLS REAL ESTATE MARKET?
The median list price in March for single family homes in Great Falls is $1,799,000. The list prices dropped by -1.68% from the previous month.
The price per square foot for listings in this area is $441.
The median sale price in January for single family homes is $1,140,000. The sale prices increased by 36.93% from the previous month.
The price per square foot for sales in this area is $246.

Trust your GREAT FALLS neighborhood specialists! Endless clients of The Murphy Group have invested in the Great Falls lifestyle!
See you out and about-

The Murphy Group has had the pleasure of selling many Gulick Group homes. They are masterful at design and craftsmanship...
03/18/2013
Luxury home builder Gulick takes a new approach

The Murphy Group has had the pleasure of selling many Gulick Group homes. They are masterful at design and craftsmanship. We look forward to selling these custom individual homes!

Instead of building subdivisions, the company will now focus on constructing individual homes.

The buyers of luxurious penthouses, town houses and country estates are increasingly coming from the so-called BRIC coun...
03/14/2013
Billionaires’ Club Grows as do High-End Home Prices

The buyers of luxurious penthouses, town houses and country estates are increasingly coming from the so-called BRIC countries — Brazil, Russia, India and China — where people are becoming very rich at a stunning rate.

Around the world, a growing number of billionaires are purchasing homes at record prices.

If you own a Luxury home, call me for the accurate scoop... and enjoy the benefits of input from an international CLHMS,...
03/12/2013
Global luxury real estate market showing 'strong momentum' | Inman News

If you own a Luxury home, call me for the accurate scoop... and enjoy the benefits of input from an international CLHMS, Certified Luxury Home Specialist.

Report: Wealthy continue to pay top dollar for trophy properties. The international luxury real estate market remains relatively immune to the economic and political trends that drive the general housing market and is off to strong start in 2013, according to a report from high-end real estate affil...

Looking to run into a lot of rich people? Head to Washington, D.C. Looking for a Certified Luxury Home Market Specialist...
02/13/2013
America's 10 Richest Metropolitan Areas

Looking to run into a lot of rich people? Head to Washington, D.C.
Looking for a Certified Luxury Home Market Specialist to help you navigate the Luxury Home market... Contact The Murphy Group - Paddy Murphy

Looking to run into a lot of rich people? Head to Washington, D.C.

As the Luxury Home market surges, valuations will be challenged by lack of appropriate comparative data ...
02/06/2013
Housing market’s latest obstacle: Appraisals

As the Luxury Home market surges, valuations will be challenged by lack of appropriate comparative data ...

What’s that $1 million house really worth? Depends who you ask.To determine the value of a property, appraisers are supposed to review purchase prices of similar, nearby homes that sold in the...

AFFLUENT BUYERS are using the house and a portion of their  investment portfolio in lieu of a traditional cash down paym...
02/06/2013
No-money-down home loans are back

AFFLUENT BUYERS are using the house and a portion of their investment portfolio in lieu of a traditional cash down payment ...

Some affluent buyers are getting the keys to their new home without putting a penny down. It’s 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They’re almost exclusively being offered to clients with sizable asse...

TIDBIT ... Sagaponack, Long Island (MOST EXPENSIVE U.S. zip code) Oceanfront home purchased for $43.5 million ... demoli...
02/03/2013
Now You See It, Now You Don't: The $43.5 Million Teardown -- AOL Real Estate

TIDBIT ... Sagaponack, Long Island (MOST EXPENSIVE U.S. zip code) Oceanfront home purchased for $43.5 million ... demolished, to accommodate construction of larger home...

Say you buy a $43.5 million, 6,000-square-foot oceanfront estate on 6.5 sandy acres in Sagaponack, Long Island (the country's most expensive zip code,

WASHINGTON, D.C./NORTHERN VIRGINIA Luxury Home Market is gearing up for a good season ...
02/02/2013
The Country's Hottest Luxury Real Estate Markets - Forbes

WASHINGTON, D.C./NORTHERN VIRGINIA Luxury Home Market is gearing up for a good season ...

Luxury real estate is making a comeback throughout the country, and some of the hottest markets have a lot more in common than solely an expensive price tag — from thriving and diverse economies to historical significance, a multitude of colleges and hot spots, and great weather (at least for [...]

As a Certified Luxury Home Market Specialist ... I am enthused to see increased activity in our high-end LOCAL marketpla...
02/01/2013
High-end home sales on a roll in state

As a Certified Luxury Home Market Specialist ... I am enthused to see increased activity in our high-end LOCAL marketplace. Great Falls, McLean, Oakton, Vienna and Reston homeowners who are thinking of selling, do not wait... let's chat and get you situated to take advantage of this market ...

California's luxury housing market is booming.

Ideal for exclusive estate, private or corporate retreat. An exceptional 10,000 sq ft property on approximately 30 acres...
01/31/2013
4602 Wish Ln, Dublin, VA | Powered by Postlets

Ideal for exclusive estate, private or corporate retreat. An exceptional 10,000 sq ft property on approximately 30 acres overlooking a 21-mile lake... Near airport for your private jet.

WISH MANOR

Address

774 Walker Rd
Great Falls, VA
22066

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