SOURCE: Coldwell Banker Real Estate LLC

Coldwell Banker Real Estate LLC

September 06, 2012 10:00 ET

Coldwell Banker Previews International Releases Luxury Market Report

Report Spotlights Global Luxury Market Trends, Top U.S. Luxury Markets by Listings and Sales, and the Largest Closed Sales by Coldwell Banker Previews Specialists in 2012

PARSIPPANY, NJ--(Marketwire - Sep 6, 2012) - According to a new Luxury Market Report by Coldwell Banker Previews International®, exclusive ZIP codes in California are among the most active luxury real estate markets for homes listed and/or sold at $10 million and above between June 2011 and June 2012. Coldwell Banker Previews International, the Coldwell Banker brand's luxury real estate marketing program, had an average of $70 million in luxury home sales each day in 2011.

Through market data collected where Coldwell Banker has a presence, Coldwell Banker Previews International found that four California ZIP codes, 90265 (Malibu) 90210 (Beverly Hills), 90077 (Bel Air / Los Angeles), 93108 (Santa Barbara), along with one in Colorado 81611 (Aspen) topped the charts for the most home listings priced at $10 million and above for the period from June 2011 to June 2012. For the number of homes sold over $10 million, the ZIP code 33139 (Miami Beach, Fla.) joined Beverly Hills, Santa Barbara, Bel Air/Los Angeles and Aspen among the leaders.

Along with a focused look at exclusive ZIP code activity, the new semiannual Previews® report also provides statistical and anecdotal snapshots of select worldwide luxury markets.

"We are at a defining moment in real estate history," said Betty Graham, president of Coldwell Banker Previews International NRT. "The luxury real estate market is becoming more global and interconnected than ever before. In the U.S., we are seeing an influx of international buyers from across the world, including Asia, Russia and Brazil, especially in coastal markets in the Los Angeles and Miami areas. It is an exciting time for the luxury real estate market."

Highest Performing Luxury Markets in the U.S. Above $10 Million

The following charts outline the U.S. markets and ZIP codes with the highest number of Previews luxury listings and sales for homes priced at $10 million and up. Additional data can be found in the Coldwell Banker Previews Luxury Market Report. Due to market density, the ZIP codes from the Metropolitan New York area are broken out separately.*

 
U.S. ZIP Codes with Highest Number of Luxury Home Listings
Over $10 Million
(Market Data collected by Coldwell Banker Previews International,
June 2011 to June 2012)
 
Zip Code   City / State   # Listings Over $10 million
90265   Malibu, CA   66
90210   Beverly Hills, CA   56
81611   Aspen, CO   42
90077   Bel Air / Los Angeles, CA   41
93108   Santa Barbara, CA   41
 
 
U.S. Zip Codes with the Highest Number of Luxury Home Sales
Over $10 million
(Market Data collected by Coldwell Banker Previews International,
June 2011 to June 2012)
 
Zip Code   City / State   # Sales Over $10 million
90210   Beverly Hills, CA   21
93108   Santa Barbara, CA   12
90077   Bel Air / Los Angeles, CA   10
81611   Aspen, CO   9
33139   Miami Beach, FL   7
 
 
Top ZIP Codes in New York, NY (Manhattan) with the Highest Number of Luxury Home Listings and Sales
Over $10 Million
(Market Data collected by Coldwell Banker Previews International,
June 2011 to June 2012)*
 
New York, NY (Manhattan)
Number of Listings   10021 (Upper East Side)   59
Number of Sales   10023 (Upper West Side)   24

Coldwell Banker Previews International - Most Significant Sales YTD 2012

The following chart shows the six most significant closed sales in which Coldwell Banker Previews International specialists were involved in year-to-date in 2012. Listing prices are displayed because sales price information was not disclosed at the time of the transaction. Most notably, the Miami-based team of Jill Eber and Jill Hertzberg ("The Jills") has two sales this year on the list above $20 million. They are the top-ranked Previews team, having closed on a record $280 million in sales during 2011.

"For our Russian buyers, Miami is equivalent to their winter Riviera," said Eber. "Many of our clients summer in the South of France and have homes in Monaco and in England."

 
Previews International Significant Sales YTD 2012
 
City / State   List Price   Agent
Beverly Hills, CA   $55 million   Jade Mills & Joyce Rey
Indian Creek, FL   $52 million   Jill Eber & Jill Hertzberg
Great Neck, NY   $39.5 million   Diane Polland
Malibu, CA   $27 million   Chris Cortazzo
Bel Air, CA   $24.9 million   Jade Mills
Indian Creek Village, FL   $21.9 million   Jill Eber & Jill Hertzberg

Methodology

The Coldwell Banker Previews International Luxury Market Report is based on market data collected by Coldwell Banker from internal and external resources including multiple listing services. All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.

About Coldwell Banker Previews International®

The Coldwell Banker Previews International® program has been marketing luxury homes since 1933. This luxury home marketing program has been exclusive to Coldwell Banker® affiliates since 1980. The exclusive group of certified Previews® Property Specialists make up eight percent of the approximately 83,000 Coldwell Banker sales associates worldwide. Coldwell Banker Previews International participated in more than 13,500 transaction sides of homes priced at $1 million or more in 2011. On average, Previews handles $70 million in luxury homes sales every day. The website www.coldwellbankerpreviews.com features more than 17,000 luxury properties from around the globe. Coldwell Banker, Previews and Coldwell Banker Previews International are registered marks licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On Location(SM) YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. 

Contact Information

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    Coldwell Banker Real Estate LLC
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    CooperKatz for Coldwell Banker Real Estate LLC
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