Luxury Trends January with Chris Doucet

THE LUXURY DIVISION Recent significant sales  with Compass 8 Midsummer, Newport Beach Sold for $25,000,000 Represented by Rob Smith 5050 Makena Road, Hawaii Sold for $19,000,000 Represented by Anne Hogan Perry Montauk, New York Sold for $9,750,000 Represented by Matthew Breitenbach Compass luxury in the news Hot Property: Trevor Noah buys a $27.5-million mansion in Bel-Air Trevor Noah will spend 2021 in style. The day before New Year’s Eve, the host of “The Daily Show” shelled out $27.5 million for a contemporary mansion in Bel-Air. Candice Bergen Lists Hamptons  Home for $18 Million Emmy Award-winning actress Candice Bergen is ready to part with her quintessential East Hampton bolthole after listing the spread on the far end of New York’s Long Island last week for $18 million. An Oceanfront Georgian Estate in Hillsboro Beach, Florida, Sells for More Than $20 Million A sprawling estate in Hillsboro Beach, Florida, that comes with a 100-foot deep water dockage and 100 feet of ocean frontage just changed hands for $20.4 million, making it the second-most expensive sale for Broward County. Read more What we are hearing  in  the luxury space  The interest in ski towns has risen from an unlikely consumer base. Second-home buyers from Northern and Mid-Western states typically search for secondary homes in warmer, beach-front locales. However, according to Forbes, this has all changed. The search for ski homes was up 36% year over year for the fourth quarter of 2020, with the main demand coming from buyers originating in North-Eastern and Mid-Western states. With mortgage rates at record lows, Millennial buyers have taken advantage and are responsible for a majority of the record mortgage applications in 2020. As reported by Forbes, the top ten metropolitan areas Millennials have flocked to include San Jose, Boston, Denver, Minneapolis, Buffalo, San Francisco, Salt Lake City, Austin, Pittsburgh, and New York City. Robot-run kitchens have finally made their debut. At the 2021 digital Consumer Electronics Show, United Kingdom based company Moley Robotics unveiled a customizable robotic kitchen capable of whipping up four course meals, placing orders for groceries that are running low, and cleaning not just dishes, but the entire kitchen. Whiley fully customizable, the version presented with all the bells and whistles costs an approximate $340K. Spotlight on luxury  across the country California A Timeless Tribute to Beverly Hills An unprecedented design from world-renowned MAD Architects, Gardenhouse in Beverly Hills is a creative vision for the future where architecture and nature coalesce to elevate the everyday living environment and provide residents a sense of peace within the city’s most exclusive address. Read more Prestigious properties o n the market Telegraph Hill, San Francisco Owner's penthouse with b ig 270° views plus four rental residences. Live your dream on top of the city and make generous income on the side! Represented by Victoria Clemons and Julia Bernardini.  7 Beds | 8 Baths |  $6,995,000 602 Indian Field Rd Lot B, Greenwich, CT A rare opportunity to develop on pristine Long Island Sound property in the exclusive, guard gated waterfront Mead Point Association. Thoughtful diligence completed for 16,000 sqft estate with pool and tennis. Represented by Brian Milton. 11.59 AC Lot Size |  $27,900,000 1471 Forest Knoll Drive, Los Angeles A private, minimalist & newly built Modern Farmhouse awaits in the Hollywood Hills, minutes from the iconic Sunset Plaza. Represented by Sally Forster Jones, Tomer Fridman and Tyrone Mckillen.  6 Beds | 9 Baths |  $28,500,000 See more properties Spotlight on  New Development Embry West Loop, Chicago 58 luxury residences with curated interiors by  Kara Mann priced from $1.2m. Nestled in Chicago’s West Loop, Embry is a haven of tranquility in the midst of the city. For residents of downtown Chicago, an escape from the chaos is a rare find. For residents of EMBRY, it’s home. With its location on a tree-lined street just steps from the activity on both Randolph and Madison Streets, EMBRY weaves together the vibrant surrounding neighborhood, inspired sophistication and serene privacy — along with stunning views found nowhere else in the West Loop. Learn more Stay up to date with Compass' latest luxury listings and news at LuxuryAtCompass.com. Visit the site Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@compass.com © Compass 2021 ¦ 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. marketingcenter-greaterseattle-seattle

Luxury Trends November with Chris Doucet

THE LUXURY DIVISION Recent significant sales  with Compass 15 Del Mar, Newport Coast, CA Sold for $61,000,000 Represented by Rob Giem 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 Compass luxury in the news This $29 Million NYC Condo Has a Secret Garden The Size of a Small Park 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. Former U.S. Ambassador Buys Montecito’s Historic Erdman House for Millions Over Asking Santa Barbara real estate is hot right now, especially for properties with lots of land or historic pedigrees. Montecito’s so-called Erdman House has both. Represented by Susan Pate. Read more 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. Spotlight on luxury  across the country Hamptons Seeking a Safe Haven  Beyond the Summer Months 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. Read more Prestigious properties o n the market 25354 Prado De La Felicidad Calabasas, CA 91302 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 Sands Point, NY 11050 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 $12,900,000 16401 Matilija Dr 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 $13,808,000 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 $4,995,000 See more properties Spotlight on  New Development The Symon 76 Schermerhorn Street Brooklyn, New York 11201 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.  Immediate Occupancy Learn more Stay up to date with Compass' latest luxury listings and news at LuxuryAtCompass.com. Visit the site Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@compass.com © 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. marketingcenter-greaterseattle-seattle

September Compass Luxury Trends with Chris Doucet

THE LUXURY DIVISION Recent significant sales  with Compass 555 N Tigertail Rd,  Los Angeles, CA 90049 7 Bed 8 Baths 1 Half Bath $16,500,000 Represented by  Jonathan Carr and  Ari Afshar 630 Spring Creek Rd,  Basalt, CO 81621 6 Bed 5 Baths 3 Half Bath $9,300,000 Represented by Doug Leibinger 887 Private Rd, Winnetka, IL 60093 4 Bed 6 Baths 1 Half Bath $5,500,000 Represented by Paige Dooley Compass luxury in the news $30 million Mediterranean-style mansion on the tip of Tiburon has jaw-dropping views over the bay The tiny, tony community includes homes in both Belvedere and Tiburon and given those high-end locales, it shouldn't be surprising that it's also home to the second-oldest yacht club in the country. It has less than 60 homes. Penthouse at Miami’s Porsche Tower Lists for $17.5 Million A futuristic penthouse apartment within Florida’s Porsche Design Tower, complete with a private car elevator and a four-car sky garage, hit the market Monday with a $17.5 million price tag. Christopher Plummer’s old Darien estate hits market for $11M The massive waterfront estate at 207-209 Long Neck Point Road is “the perfect escape for a New York family seeking refuge during the pandemic,” said Compass broker Yashmin Lloyds, who is listing the home with Shelly Tretter Lynch, also of Compass. Read more What we are hearing  in  the luxury space  The growth of wealth and the global luxury market are intertwined. In the 15 years running up to 2020, the world’s wealthy population grew in size almost continuously. As wealth grew, so too did the world of luxury. The coronavirus pandemic, however, has brought years of industry growth to a halt.  Ultra-high-net-worth owners of private jets, yachts, or art collections are different from one another. Private jet owners tend to be male, less wealthy and comparatively younger than the other two cohorts on account of many being in the business-building stage of their lives. Private yacht owners show the highest average net worth, while most art collectors are over 70 and show a much higher representation of  women, at 22%. The pandemic is changing the luxury habits of the wealthy.  The growth of online shopping and delivery, enabling luxury services to be provided in the privacy of the wealthy’s homes, will continue, while intangible assets – namely additional passports and on-demand healthcare – will remain a priority. To prosper in such times, luxury brands must be flexible, quick moving and as attentive as ever to the changing demands of their clientele. Source: WealthX Global Luxury Outlook 2020: A World of Changing Preferences  Continue reading Spotlight on luxury  across the country Napa, California Just a short drive from the country’s technology hub of San Francisco and the larger Silicon Valley lies a region perfect for viticulture and year round indoor-outdoor living. From Napa to Healdsburg, Northern California’s wine country has earned its reputation for easy living amidst rolling hills and vineyards. Read more Prestigious properties o n the market 15 W Dune Lane, East Hampton, NY 11937 Designed by Robert Stern the oceanfront property features an 8,000 sqft house with a waterside pool on 2.4 acres. Represented by  Ed Petrie and James Petrie.  14 Bed 15 Baths 1 Half Baths $75,000,000 1288 S Oakland Avenue,  Pasadena, CA 91106 This majestic mansion offers a once-in-a-lifetime opportunity for new owners to complete the interior of Pasadena's finest estate. Represented by  Sabrina Wu,  Aaron Kirman, and  Bryce Lowe.  16 Bed 16 Baths 3 Half Baths $39,800,000 435 Marina Boulvard, San Francisco, CA 94123 Juxtaposed against SF's most iconic backdrop, 435 Marina Blvd stands out as a showpiece of coastal modern design. Represented by  Camilla Moshayedi.  5 Bed 7 Baths  $25,000,000 See more properties Stay up to date with Compass' latest luxury listings and news at LuxuryAtCompass.com. Visit the site Chris Doucet Founding Broker in Seattle M: 206.819.4663 O: Enter Office Phone chris.doucet@compass.com © 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.

Compass Luxury Trends with Chris Doucet

THE LUXURY DIVISION Recent Significant Sales with Compass 24910 Pacific Coast Hwy, Malibu, CA 5 Bed | 6 Bath | $21,500,000 Represented by Chris Cortazzo 2529 S Coast Hwy, Laguna Beach, CA 12 Bed | 11 Bath | $12,500,000 Represented by  Azita Sadeghi 40 Gramercy Park, Manhattan, NY 6 Bed | 6 Full Bath | 3 Half Baths | $12,175,000 Represented by Josh Doyle, Josh Wesoky, & Nick Gavin  32 Boulder Vw, Irvine, CA 7 Bed | 7 Full Bath | 2 Half Baths | $10,475,000 Represented by Lena Ghezel Compass Luxury In The News This $100 Million Resort-Like Estate Is The New Jewel Of Bel Air Majestically perched atop a canyon with unobstructed views of Bel Air, this newly built, hillside compound dubbed “UNICA” spans over 40,000 square feet and completely redefines ultra-luxury living. Michael Jordan Lists Chicago Estate For $14.9 Million After ‘The Last Dance’ NBA Superstar Michael Jordan's seven-acre estate is as legendary as His Airness himself. The 56,000 square foot property-equipped with every conceivable luxury amenity-is a physical monument to his tireless dedication and hard work. Read more What we are hearing  in  the luxury space  Despite a loss of momentum in the global economy and a still turbulent geopolitical environment, financial markets saw a bullish performance on the whole. Asia recorded the fastest rise in billionaire numbers in 2019, but North America recorded the most dynamic gain in wealth. The wealth, and the wealthiest in particular, have been expected to step up in this crisis.  Giving was in the form of non-monetary commitments or was made anonymously.  Wealth creation in the Middle East and Latin America and the Caribbean was subdued, with declines in overall Billionaire population.  Source: Wealthx Billionaire Census Regional Luxury Spotlight  New England:  Cape Cod & The Islands This month, we’re taking a closer look at the second home market spanning Cape Cod, Nantucket, and Martha’s Vineyard.  With demand at record highs in a widely non-leveraged seller community, pricing remains strong despite broader economic conditions. After an initial slow-down during the early weeks of uncertainty surrounding COVID-19, demand in the Cape and Islands has come roaring back, outpacing recent years’ activity in some cases.  As summer arrives and urban buyers are increasingly eager to escape the city, low inventory – down 20% YoY – continues to drive tight pricing in the luxury market.  Read more Prestigious Properties  On The Market 8 Hither Ln,  East Hampton, NY 11937 Just moments from ocean beaches, the Maidstone Club and world-class shopping, this move-in ready home sits on 2+/- acres on one of the most coveted streets in East Hampton Village. Represented by  Lori Schiaffino 8 Bed | 9 Bath | 2 1/2 Bath |  $25,995,000 4731 Lake Rd,  Miami, FL 33137 A one-of-a-kind exceptional home, beautifully crafted with exquisite finishes, this Bay Point estate is a modern work of art.   Represented by Betsy Magde and  Marissa Kartheiser.  7 Bed | 8 Bath | 1 1/2 Bath | $12,900,000 See more properties Stay up to date with Compass' latest luxury listings and news. Visit luxuryatcompass.com Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@compass.com © 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.