Institute for Luxury Home Marketing News Release
News Release
For Immediate Release
Contact: Troy Mitchell
RE/MAX Crest Realty (Westside)
604-812-4289
troy@twmitchell.com
$155 Million Estate Tops List of
Country's Most Expensive Homes for Sale
Top Price locally is $17,500,000.00
Vancouver BC, March 30, 2007 -- A “spec home” still under construction in Big Sky, Montana tops the list of the 1000 most expensive homes currently on the market in the U.S. , according to the just-released Unique Homes magazine's special issue, Ultimate Homes, 2007. Built by Yellowstone Club developer Tim Blixseth, the “Pinnacle” home sits on 160 acres and comes with four 4,000-square-foot guest houses, security and staff quarters, a retractable helipad (with helicopter and pilot lounge), and an underground garage stocked with a fleet of Suburbans.
By comparison, the most expensive home currently listed in the Vancouver MLS is a $ 17,500,000.00 residence. For $155 million, one could buy 8.5 of the most expensive homes in Vancouver.
"The home prices on this year's Ultimate Homes list reinforce the fact that the North American market in luxury properties has generally remained healthy above the $5 million level," said Laurie Moore-Moore, Founder and CEO of The Institute for Luxury Home Marketing, a Dallas-based organization whose members have hundreds of millions of dollars worth of the top properties on the list.
There are currently 1,900 properties in the Vancouver MLS system priced at a million dollars or more," according to Troy Mitchell a member of The Institute for Luxury Home Marketing and an agent with RE/MAX Crest (Westside). The Vancouver real estate market is still strong making it a great time to buy or sell.
"The number of million-dollar-home sales isn't available yet for 2006," added Moore-Moore. "However, the number of million dollar homes sold in the country jumped from 10,000 in 1999 to over 109,000 in 2005, a reflection of the growth in the number of wealthy households. Although many marketplaces in the US are seeing slowing appreciation, higher inventories and longer sales time, the top of the luxury market is outperforming the market in general."
New York leads the Ultimate Homes list with the most properties -- 240. Florida follows closely with a total of 234 properties, up from 183 last year, and California drops from second to third place with 205 properties on the list. In 2006 the most expensive detached home in Vancouver sold on the MLS was $10,900,000.00 while a condominium sold for $7,250,000.00 (both homes sold within 6 days of listing).
About The Institute for Luxury Home Marketing
The Institute for Luxury Home Marketing is an international organization which offers training to real estate professionals who work in the luxury residential market and awards the Certified Luxury Home Marketing Specialist designation to those who meet strict performance standards. The Institute has thousands of members on four continents. www.CLHMS.com .
TROY MITCHELL is a Certified and Guild member of The Institute for Luxury Home Marketing
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For Immediate Release
Contact: Troy Mitchell
RE/MAX Crest Realty (Westside)
604-812-4289
troy@twmitchell.com
$155 Million Estate Tops List of
Country's Most Expensive Homes for Sale
Top Price locally is $17,500,000.00
Vancouver BC, March 30, 2007 -- A “spec home” still under construction in Big Sky, Montana tops the list of the 1000 most expensive homes currently on the market in the U.S. , according to the just-released Unique Homes magazine's special issue, Ultimate Homes, 2007. Built by Yellowstone Club developer Tim Blixseth, the “Pinnacle” home sits on 160 acres and comes with four 4,000-square-foot guest houses, security and staff quarters, a retractable helipad (with helicopter and pilot lounge), and an underground garage stocked with a fleet of Suburbans.
By comparison, the most expensive home currently listed in the Vancouver MLS is a $ 17,500,000.00 residence. For $155 million, one could buy 8.5 of the most expensive homes in Vancouver.
"The home prices on this year's Ultimate Homes list reinforce the fact that the North American market in luxury properties has generally remained healthy above the $5 million level," said Laurie Moore-Moore, Founder and CEO of The Institute for Luxury Home Marketing, a Dallas-based organization whose members have hundreds of millions of dollars worth of the top properties on the list.
There are currently 1,900 properties in the Vancouver MLS system priced at a million dollars or more," according to Troy Mitchell a member of The Institute for Luxury Home Marketing and an agent with RE/MAX Crest (Westside). The Vancouver real estate market is still strong making it a great time to buy or sell.
"The number of million-dollar-home sales isn't available yet for 2006," added Moore-Moore. "However, the number of million dollar homes sold in the country jumped from 10,000 in 1999 to over 109,000 in 2005, a reflection of the growth in the number of wealthy households. Although many marketplaces in the US are seeing slowing appreciation, higher inventories and longer sales time, the top of the luxury market is outperforming the market in general."
New York leads the Ultimate Homes list with the most properties -- 240. Florida follows closely with a total of 234 properties, up from 183 last year, and California drops from second to third place with 205 properties on the list. In 2006 the most expensive detached home in Vancouver sold on the MLS was $10,900,000.00 while a condominium sold for $7,250,000.00 (both homes sold within 6 days of listing).
About The Institute for Luxury Home Marketing
The Institute for Luxury Home Marketing is an international organization which offers training to real estate professionals who work in the luxury residential market and awards the Certified Luxury Home Marketing Specialist designation to those who meet strict performance standards. The Institute has thousands of members on four continents. www.CLHMS.com .
TROY MITCHELL is a Certified and Guild member of The Institute for Luxury Home Marketing
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