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Online Auction For Luxury Coronado, CA Waterfront Estate Begins April 24

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Interluxe and Berkshire Hathaway Home Services Have Partnered to Sell One-Of-A-Kind Estate

CHARLOTTE, N.C., March 29, 2017 /360WiseNews/ — Offering luxury properties through online auction has proven to be successful for both buyer and seller.  Interluxe continues to represent the highest level of real estate in the country and this property is no exception. Interluxe, in partnership with Berkshire Hathaway HomeServices, California Properties, is auctioning an estate in Coronado, CA with over 160 ft. of waterfront footage and one of the largest boat slips in the Cays.  Previews begin on Thurs., April 20 and the online auction begins on Mon., April 24 at 9 a.m. EST.

Interluxe, the leading online luxury real estate marketplace, is a resource for agents, buyers and sellers.  As more and more home buyers become aware of the benefits of considering our services, they truly understand the benefit we bring to everyone.  Through an intensive marketing campaign, Interluxe is able to assist the agents by reaching buyers nationally and internationally, that might not have been aware of the property.  In addition, all buyers are offered a completely transparent bidding process, something a typical real estate transaction cannot offer.  The benefit to the seller is having a home show in a very short amount of time to only qualified bidders and a fast and easy closing process.

“Having worked in the luxury real estate auction business for over 18 years, my experience provided the benefit of seeing the market readiness for an online model,” said Stacy Kirk, director of client development for Interluxe.  “Consumers are looking for the best resource to provide them with the exact product they are searching for, all while taking the shortest amount of time.  Interluxe does just that while working with real estate agents to achieve our common goal for the seller, reach as many qualified buyers as possible and provide a streamlined and transparent process to buy the home of your dreams.”

As soon as you enter the property you are greeted by a floating glass main staircase that centers the open floorplan, that includes five en-suite bedrooms, many with gas fireplaces and balconies and an 875 square-foot master bedroom with a separate lounge area separated by an exposed fireplace.  A 4,700-bottle wine cellar, an exercise room with sauna and steam room, and a roof top deck to watch the waterfront sunsets, are just a few of many luxuries included in this private home.  In addition to the 160 feet of water frontage, a wrap-around pool with swim up bar and secluded spa only add to the outdoor experience of the home. Keep Reading

California existing home sales and median price accelerate from a year ago, C.A.R. reports

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– Existing, single-family home sales totaled 400,500 in February on a seasonally adjusted annualized rate, down 4.7 percent from January and up 4.9 percent from February 2016.

– February’s statewide median home price was $478,790, down 2.2 percent from January and up 7.6 percent from February 2016.

– At the regional level, the Inland Empire and the Los Angeles metro area experienced healthy annual sales gains of 7.1 percent and 3.1 percent, respectively, while affordability and inventory pressures continue to stifle the San Francisco Bay Area market, which declined 2.7 percent from a year ago.

LOS ANGELES, March 15, 2017 /360WiseNews/ — After starting the year on a positive note in January, California home sales and median price backpedaled on a monthly basis in February, but still showed strong gains on a yearly basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 11th consecutive month and totaled a seasonally adjusted annualized rate of 400,500 units in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

The February figure was down 4.7 percent from the 420,100 level in January and up 4.9 percent compared with home sales in February 2016 of a revised 381,770, which was the weakest sales level in 2016.

“While it’s encouraging to kick off the year with back-to-back yearly sales increases, moving forward, California’s housing market could lose steam in the long term as the Fed begins to adjust the federal funds rate,” said C.A.R. President Geoff McIntosh. “In the short term, however, the specter of higher interest rates may push buyers off the fence to purchase a home before mortgage rates move even higher.”

The median price of an existing, single-family detached California home fell below the $500,000 mark for the second straight month, but home prices remain seasonably strong. The median price was down 2.2 percent from $489,680 in January to hit $478,790 in February. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling, as well as a general change in values.

Despite the back-to-back monthly price decline, February’s median price still registered a 7.6 percent increase from the revised $444,780 recorded a year ago. The annual gain was the largest year-over-year increase since January 2016 and was higher than the three-month average of 4.5 percent prior to February 2016.

“Despite a strong sales start for the year, the housing supply shortage in California continues to cast doubt on whether the sales momentum can be carried forward into the spring homebuying season,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “The number of active listings has been on a downward trend for the past 20 months and has shown no signs of improvement. As we move into the spring homebuying season, we should see a marginal increase in listings, which will be offset by a pickup in sales. The inventory level is not likely to get better in the upcoming months.”

Other key points from C.A.R.’s February 2017 resale housing report include: Keep Reading

Santa Clara County Association of REALTORS® and VNARP Embark on Real Estate Trade Mission to Vietnam

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SAN JOSE, Calif., Feb. 28, 2017 /360WiseNews/ — Looking to tap into the growing international real estate market, members of the Santa Clara County Association of REALTORS® (SCCAOR) will join the Vietnamese National Association of Real Estate Professionals (VNARP) on a ten-day trade mission to Vietnam starting on March 1st. Delegates representing both groups are aiming to foster mutual investment opportunities between real estate stakeholders in both Vietnam and the United States.

Vietnam is forecasted to be one of the top growing economies in the next few decades,” said Evan Huynh, President of VNARP. “This trade mission will give our delegates the opportunity to exchange trade experience and learn about the best practices for investment opportunities in both countries.”

Delegates from the groups will attend real estate conferences and meet with Vietnamese companies and government agencies in Ho Chi Minh City, Ha Noi, and Danang ─ three cities currently experiencing a boom in real estate development. Several delegates from the United States will be giving special presentations at these events, including: Lieu Nguyen, the President’s Liaison to Vietnam for the National Association of REALTORS®, Ron Gonzales, former Mayor City of San Jose and President of Presencia, LLC, and Hilda Ramirez, the Director of Public Relations, Events, and Education for SCCAOR. Keep Reading

Phoenix Investors Acquire Whirlpool Corporation Property in Fort Smith, Arkansas

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Company known for breathing new life into legacy industrial properties takes ownership

BENTON HARBOR, Mich., Feb. 22, 2017 /360WiseNews/ — Whirlpool Corporation announces the sale of its remaining manufacturing building and surrounding land in Fort Smith Arkansas to an affiliate of Milwaukee-based Phoenix Investors. It will be the first Arkansas project for the real estate group and will include a complete renovation of the former Whirlpool Complex suitable for use by warehousing, industrial or manufacturing companies.

Phoenix Investors’ portfolio totals approximately 17 million square feet across 22 states. Over the last three years Phoenix Investors has acquired six former Whirlpool plants as part of its core business of revitalizing former manufacturing facilities throughout the United States. Ultimately, this strategy leads to positively transforming communities and restarting the economic engine in the communities in which Phoenix operates.

“Phoenix Investors is a company that understands the opportunities that exist in the Fort Smith, Arkansas marketplace,” said Jeff Noel vice president Communications and Public Affairs of Whirlpool Corporation. “Officials with Phoenix Investors are looking forward to working directly with Tim Allen and his team of local economic development professionals along with members of the Arkansas Economic Development Corporation, and leaders of the City of Fort Smith.” Keep Reading

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