January 25, 2006 |
Million-dollar homes were once a sign of real affluence. Now, at least in California, they are getting to be a dime a dozen. Nearly 49,000 homes in the state sold for at least $1 million last year -- a 47% increase from 2004, according to data released Tuesday by DataQuick Information Systems, a La Jolla-based real estate research firm. Adolph Rangel joined the $1-million-home club thanks to the state's 6-year-old real estate boom.
July 7, 2007 |
Joyce Rey stands in the soaring marble entryway of a palatial Bel-Air estate, ticking off its selling points. Master suites? There are five of them, along with three living rooms, a gymnasium and a library. The dining chamber is "embassy-size," and the pool and gurgling fountains are on par with those at the finest hotels. "There are six bedrooms under the tennis courts, and nine more above the 10-car garage," Rey tells a cluster of fellow sales agents scouting the place on behalf of clients.
February 19, 2006 |
WHAT makes a Bel-Air estate worthy of a $53-million listing price instead of, say, a mere $38 million? Beyond considering the basics -- location, size and view -- setting a price for the most expensive homes in the market can be a pretty arbitrary task, say the agents who handle such properties. Entering into the equation are intuition, personalities -- both seller's and agent's -- and the basic acceptance that mother was wrong when she told you that money couldn't buy everything.