Monthly Archive: March 2017

Sotheby’s Realty Welcomes New Hong Kong Brokerage

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Sotheby’s International Realty Affiliates LLC announced that it has signed an agreement with List International Realty Limited, which owns List Sotheby’s International Realty, to now represent the Sotheby’s International Realty® brand in Hong Kong. The firm will be led by President and CEO, Hisashi Kitami, who also leads List Sotheby’s International Realty operations in Japan, the Philippines, Hawaii, and Singapore.

“Hong Kong residents have a keen interest in luxury real estate and the territory also has a strong appeal to international buyers,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.  “Hong Kong is a key global market, and we are proud to be represented in this important region by Hisashi Kitami and his team.”

List Sotheby’s International Realty is set to open its first office in Hong Kong in the second half of 2017.  As previously announced, the firm also has plans to open in Bangkok, Thailand, within the next year.

“We have had a strong track record with the Sotheby’s International Realty brand and have since used this formula for success to expand into additional global markets,” said Kitami.  “At List Sotheby’s International Realty, we serve the needs of clientele who seek to diversify their real estate assets across locations internationally and we are committed to setting the industry standard for excellence.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD.  List Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Contact me for your global real estate needs!

Explore the World’s Most Colorful Beaches

Take the time to look around and be inspired by the vibrant colors naturally found across planet Earth. Explore homes near the world’s most colorful beaches.

Hawaii

01 Papakolea_snapshot

By jonny-mt – Own work, CC BY 3.0

Papakōlea Beach is a green sand beach located on the southeastern end of the island of Hawaii.  The olivine-colored sand is said to come out from the erosion of a collapsed cinder cone.

02 Hawaii

$1,599,000 USD | Captain Cook, Hawaii | MacArthur Sotheby’s International Realty

 Just north of Papakōlea Beach, nestled upon three private acres, lies this tranquil island retreat.  The property has unique finishes throughout including Mexican Saltillo tile floors, mosaic tile designs and a fireplace built with hand-picked smooth lava beach rocks and a driftwood mantel.  A five-bedroom oasis, the home offers unobstructed views of the Hawaiian coastline.

Bahamas

03 Great_Harbor_Cay_horseshoe

By Patrickneil assumed (based on copyright claims). Own work assumed (based on copyright claims)., CC BY-SA 3.0

For pink sand beaches, look no further than Harbor Island in the Bahamas.

04 Bahamas

$1,650,000 USD | Harbour Island, Eleuthera, Bahamas | Damianos Sotheby’s International Realty

 A historic colonial home originally built in the 1800s, this Harbor Island property offers a cozy island lifestyle with easy access to the beach.  The home was renovated in 2013 and honors the property’s architectural past with mahogany windows and doors, cedar siting interiors and a shingle roof.  The home has three bedrooms and additionally features an outdoor dining area and sitting porch, seamlessly blending indoor and outdoor living.

Malta

05 GozoRamla

By The original uploader was Yoruno at Italian Wikipedia – Transferred from it.wikipedia to Commons., CC BY-SA 3.0

Located on the Maltese island of Gozo, Ramla Bay boasts unique, orange sand beaches.

06 Malta

€2.500.000 EUR | Xewkija, Malta | Malta Sotheby’s International Realty

 Less than 15 minutes inland from Ramla Bay, in the village of Xewkija, sits this historic, 18th Century estate.  Spanning over 13,000 square-feet, the meticulously restored property comprises a main house, outdoor entertaining area, swimming pool, large garden with lawn area and a two-car garage.  Four of the five bedrooms feature original frescos on the walls with the fifth bedroom boasting an adjacent terrace.

Australia

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By Dave Naithani – Own work, CC BY-SA 3.0

Hyams Beach in New South Wales, Australia holds the Guinness World Record for whitest sand in the world.

08 Australia

Price Upon Request | Sydney, New South Wales, Australia | Sydney Sotheby’s International Realty

 This sprawling, 50-acre estate is located north of Hyams Beach.  The property comprises an elegant main house, separate pool house, double lock-up garage with additional parking for up to 10 cars and a farm with cattle yard, two dams and a shed.  The home also features a heated self-cleaning oxygen pool and lush professional landscaping with gardens including date palms, olive trees, flame trees, wisteria and magnolia, among others.

Hawaii

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By Ken Lund from Reno, Nevada, USA – Punalu’u Beach, Big Island of Hawaii, Hawaii, CC BY-SA 2.0

Punalu’u Beach, located on the island of Hawaii, is a black sand beach, formed from lava flowing into the ocean and then cooling.

10 Hawaii

$2,500,000 USD | Volcano, Hawaii | MacArthur Sotheby’s International Realty

North of the Punalu’U Beach is this historic, volcano property built in the early 1900s.  The private estate is nestled upon more than 13 acres of gated land.  Lying 3,800 feet above sea level, the property has been fully renovated and restored and comprises a main house, turnkey guest house and an art studio.

Sotheby’s International Realty Brand Enters Croatia

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Sotheby’s International Realty Affiliates LLC today announced it has signed a 25-year franchise agreement with Porta Stella-Luxury Real Estate d.o.o, to further expand the Sotheby’s International Realty® brand presence in Eastern Europe with the opening of Croatia Sotheby’s International Realty.

Croatia Sotheby’s International Realty, owned by Marko Pažanin, Pavel Kulajta and Ilona Mančíková, will serve the luxury residential real estate market throughout Croatia. The flagship office, managed by Pažanin, is located in Split, with plans for additional offices in Dubrovnik and other key Croatian luxury real estate markets including the Peninsula of Istria. Kulajta and Mančíková also own and operate Czech Republic Sotheby’s International Realty in Prague.

“Croatia has a growing luxury real estate market and it was the right time for our brand to have a presence within the country,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “For those seeking the waterfront lifestyle, Croatia has an impressive coastline along the Adriatic Sea with beautiful beaches, historic ports and idyllic islands.  I am proud to welcome Croatia Sotheby’s International Realty to the Sotheby’s International Realty network.”

“We are delighted to expand the Sotheby’s International Realty brand presence in Croatia,” said Pažanin. “We are dedicated to delivering the highest level of service and support to suit our client’s lifestyles and expectations and we invest our professional and personal skills in creating long-lasting relations with our clients – sellers, buyers and investors. Our ownership team has more than 10 years of experience in the financial and real estate industries, which combined with the Sotheby’s International Realty brand name and marketing practices make an excellent recipe for a successful long lasting business cooperation.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide. Croatia Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

 

Apple TV | Building the Next Big Thing

The rumors were flying for years. But as is Apple’s wont, nothing was ever confirmed. In one of the few peeks behind the curtain, Steve Jobs confided to his biographer Walter Isaacson about his vision for the future of TV: “I finally cracked it” he said, shortly before his passing.

Fast forward to the fall of 2014, when Apple announced the next iteration of their successful Apple TV set top box. The core of this new platform was its operating system, tvOS, which allows any developer to create fully customized apps just as they would for iPhone or Android.

Image 1Apple CEO Tim Cook announcing the 4th Generation Apple TV

The day after this announcement, the marketing team at Sotheby’s International Realty sat in a conference room to discuss the possibilities this new platform could have. It was a torrent of ideas: use the new Siri remote to search by your voice, reflect the look and feel of sothebysrealty.com, focus on video throughout the app, store favorites and recent searches, etc.

The most unique and exiting being a game mode – the team had long observed people passing the eGallery display in the office lobby, and in the three seconds between an image of a new property loading and the location popping on screen, they would attempt to guess the location. This became an opportunity to connect our audience to our global presence in a fun and unique way.

Image 2The evolution of our eGallery ‘Guess the Location’ Game – Concept to final

Partnering with a developer who could make this vision a reality, Clearbridge Mobile translated these loose concepts into the refined and successful app you see today. Pushing the boundaries of the brand new tvOS platform, the smallest of details did not go unnoticed.

Discover more about the Sotheby’s International Realty brand Apple TV app!

For example, one frustration with Apple’s on-screen text input is that clearing the text requires the user to scroll all the way to the delete icon and press down for several seconds. This felt very cumbersome. Instead, the team was able to map the clear text function to the Siri remote’s play/pause button, allowing users to easily create a new search with one click.

Image 3Users are instructed to click the Play/Pause button to clear their search

Another unique feature was the utilizing of the ‘Top Shelf’ on the Apple TV home screen, which is displayed when you highlight one of the five apps in the top row. This allows for developers to highlight additional features and content, essentially creating in-app functionality before the user opens the app itself. When the Sotheby’s International Realty app is moved to the top row, it shows recent searches and favorites, allowing users at home to quickly jump back into their experience.

Image 4The Top Shelf displays the Sotheby’s International Realty logo upon first load (top left) and then transforms to an interactive experience once the app has been utilized (bottom right).

This is just the beginning for Sotheby’s International Realty on Apple TV – as part of our app launch, we sent a new Apple TV to all of our affiliates across the globe, enabling customers to experience it in offices throughout our network. With the Gallery view being one of the most popular features for Sotheby’s International Realty affiliate offices, enhancements are being added to allow them to further localize the content displayed there. And as Apple adds new features in the future, the Sotheby’s International Realty app on Apple TV will be updated to take complete advantage.

Search for “Sotheby’s Realty” on the Apple TV App Store to download it today.

 

 

Happy St. Patrick’s Day

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In many parts of the world, March 17 marks the celebration of St. Patrick’s Day; a holiday with roots in Ireland, let’s visit some homes and explore the culture and history of the Irish holiday with David Ashmore, owner, Ireland Sotheby’s International Realty.

28.000.000 € EUR | Roundwood, Ireland | Ireland Sotheby’s International Realty

For a comparatively small country, Ireland has made a disproportionate contribution to world literature, music and comedy. It’s also true to say that on March 17, everyone’s a little Irish. Even though St. Patrick’s Day is only a public holiday in a handful of places, “Irishness” is celebrated around the world.

Dublin14.500.000 € EUR | Dublin, Ireland | Ireland Sotheby’s International Realty

Every St. Patrick’s Day around the world, people dress up in green, attend parades and celebrations and raise a pint of Guinness to the patron saint of Ireland, St. Patrick. Celebrating the feast of Ireland’s patron saint goes back a long time, to the 5th century. Nowadays, it’s more of a party for St. Patrick, as this religious and cultural festival is celebrated around the country with festivals, parades, fireworks, pints and plenty of green.

Dublin21.800.000 € EUR | Dublin, Ireland | Ireland Sotheby’s International Realty

Historically, the day commemorated St Patrick and the arrival of Christianity in Ireland. In medieval times, the Irish would celebrate the Feast of St. Patrick with a pilgrimage to a sacred place (usually a holy well or chapel) and a mass or prayers held on the holy location. This was followed with festivals involving food, music, dancing and games. Today, St. Patrick’s Day highlights Irish heritage and culture; across Ireland, different regions and towns have their own unique ways to celebrate one of Ireland’s biggest holidays.

Puckane2.350.000 € EUR | Puckane, Ireland | Ireland Sotheby’s International Realty

Ireland’s capital city [Dublin] is home to the biggest St. Patrick’s Day celebration in the country. Hundreds of thousands of people take to the streets, decked out in wild and fantastical costumes, to celebrate with an extravagant four-day festival. Dublin hosts an elaborate parade, themed events, a treasure hunt through the city, street performers, guided pub crawls and an awe-inspiring firework show over the River Liffey.

Channel your inner “Irish Spirit” with these 10 Facts about St. Patrick’s Day

  1. St. Patrick was not Irish. He was from Wales. pub-2058083_1280
  2. The humble shamrock was originally a teaching tool. St. Patrick is said to have used the three-leaved plant to explain the Holy Trinity (Father, Son, and Holy Spirit) to the pagan Irish.
  3. The first St. Patrick’s Day parade took place in New York in the 1760s.
  4. For many years, blue was the colour most often associated with St. Patrick. Green was considered unlucky. St. Patrick’s blue was considered symbolic of Ireland for many centuries and the Irish Presidential Standard is still blue.
  5. For many years, Dripsey in County Cork had the world’s shortest parade, just 77 feet, the distance between two pubs – The Weigh Inn and The Lee Valley. Currently, the town of Hot Springs, Arizona claims to have the shortest parade – a 98 foot route on Bridge Street.
  6. In 2010, the Sydney Opera House went green to mark the 200th anniversary of St. Patrick’s Day there. In Sydney, St Patrick’s Day was first marked in 1810, when Lachlan Macquarie, the Governor of New South Wales, provided entertainment for Irish convict workers.
  7. Irish flee the country. In Ireland on March 17 you’ll find many public figures, musicians, and dancers have travelled abroad to work on lucrative gigs elsewhere.
  8. In Chicago every year, the Plumbers Local 110 union dyes the river “Kelly” green. The dye lasts for about five hours.
  9. Traditionally, every year, the Irish leader hands a crystal bowl full of shamrock to the US President. The shamrock, grown in Kerry, is immediately destroyed by the Secret Service after the exchange.
  10. Guinness sales soar on St. Patrick’s Day. Recent figures show that 5.5 million pints of the famous stout are downed around the world every day. On St. Patrick’s Day that figure is doubled.

 

Sotheby’s Realty Brand Achieves $95 Billion in Global Sales Volume

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CNBC broke the news this morning that for 2016, the Sotheby’s International Realty Affiliates LLC affiliated brokers and sales professionals achieved approximately $95 billion in global sales volume, the highest annual sales volume performance in the history of the brand, driven largely by a brand record of over 127,000 transactions. 

“During a year when the words “slowdown” and “slump” were used to describe the luxury housing market, 2016 turned out to be a banner year for Sotheby’s International Realty.” – CNBC                                                                                                   

Global Growth

The Sotheby’s International Realty® brand also reported growth across its global network, which now encompasses nearly 70 countries and territories worldwide. At year-end, the network totaled 880 offices and more than 20,000 sales associates.

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Outside the United States, the Sotheby’s International Realty brand achieved $10 billion in sales volume in 2016 and continued to expand into key markets. The brand saw continued growth in Europe, entering the countries of Austria, Croatia, Slovakia, Slovenia and Montenegro. The brand also expanded in the Asia-Pacific region through affiliations in Fiji and Shanghai and continued to grow in Hong Kong and greater Thailand. Finally, the brand expanded its presence in the Caribbean with the addition of affiliates in Roatan and St. Vincent & the Grenadines.

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In the United States, the Sotheby’s International Realty brand achieved $85 billion in sales volume in 2016 and also added seven independently owned and operated residential real estate firms as well as 45 new offices to its network across the country.  This past year witnessed continued significant growth by existing affiliate companies through talent attraction and mergers and acquisitions, most notably increasing the brand’s market presence in Lexington and Concord, Massachusetts, throughout southern Rhode Island and on the island of Kauai, Hawaii. The brand also entered several key new markets last year, namely: Gulf Shores, Alabama; Pittsburgh, Pennsylvania; and Virginia Beach, Virginia.

 Innovative Technology

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The Sotheby’s International Realty brand was at the forefront of interactive technology in 2016 with the introduction of 3D Tours with Virtual Reality capability on sothebysrealty.com. Additionally, the site saw the most traffic in its history with nearly 22 million visits, a 54% increase year-over-year.Capture2

The brand also launched the first luxury real estate app for Apple TV, featuring professionally curated high-resolution photography and high-definition video giving consumers the opportunity to explore homes on a screen larger than ever before. An alliance with Juwai.com was launched in 2016 that gives the Sotheby’s International Realty network an edge to generate Chinese homebuyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand, Sotheby’s International Realty has the most global representation on Juwai.com, displaying luxury listings from 66 countries and territories.

“CEO Phillip White told CNBC in a recent interview that Sotheby’s makes “the consumer the real focus, and that’s important when you do business in the luxury space. We made a decision early on to provide the consumer a high level of exceptional service and true global exposure.”‘- CNBC

The Sotheby’s International Realty brand was the No. 1 real estate company represented in two of the six categories that comprise the annual REAL Trends/The Wall Street JournalTop Thousand” report. The Sotheby’s International Realty brand claimed 45 of the top 250 sales associates in the Individual Sales Volume category, more than any other real estate company. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand had the most individuals represented in the Individual Average Sales Price category, holding 17 of the top 50 spots (34%), further establishing the strength of the Sotheby’s International Realty brand as a leader in luxury real estate sales.

Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website.  In addition to the referral opportunities and widened exposure generated from this source, each brokerage firm and its clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

Luxury Real Estate Headlines: First Week in March 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

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$7,800,000 USD | Upper East Side, New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage

“To create the duplex, Mr. [Clive] Davis combined a 13th-floor unit he bought for $1.925 million with a unit on the floor above he purchased for $1.475 million. He spent about two years renovating the two apartments with help from interior designer Greg Schriefer, linking them with a circular staircase”

Clive Davis Lists Park Avenue Co-op for $7.8 Million – Wall Street Journal

Sotheby’s International Realty Sees Growth in a Tough Market – CNBC

Five Homes for Buyers Seeking an Island Lifestyle – Financial Times

Investor David Batchelder Lists Newly Built California Home for $29 Million – Wall Street Journal

Selena Gomez Seeks $3 Million for her Mansion in the Lone Star State – Los Angeles Times

The Sotheby’s International Realty Brand Achieved $95 Billion in Global Sales Volume for 2016 – Sotheby’s International Realty

This $29 Million NYC Penthouse is Hidden in the Sky – Bloomberg

For Sale: 6 Rustic Homes in Montana – The Week

How Sotheby’s International Realty is Avoiding the Real Estate Slowdown – Bloomberg TV

Spending Millions to Keep a Home Safe – Wall Street Journal

House Hunting in… Sydney – The New York Times

Seattle Real Estate Sees Surge in Chinese Interest After Vancouver Enacts 15% Tax – Forbes

What is a Prime or Super-Prime Property? – Financial Times

Here’s How to Spend Your Tax Refund to Upgrade Your Home – MarthaStewart.com

10 Modern Homes that Get Luxe Mountain Living Right – Elle Decor

The RM Sotheby’s Automobile Auction at Amelia Island is Set to Astound – Robb Report