They were hosted by Haute Living's Erik Haase. Watch the full webinar below.

Highlight quotes:

Mark Peterson: "We are about an hour and a half to two hours south of the Bay Area of San Francisco we have always been a resort or 2nd home community; 40% of our transactions involve 2nd homes. We have buyers from New York, Florida and different areas of California. We have an inventory squeeze right now. While there are certainly homes on the market for sale, buyers can't quite find exactly what they want for that price, so we really look to work with our buyers to figure out what are their priorities. It is a great market to buy right now from a macroeconomic perspective... Our area is dependent on hospitality, an industry that is hurting right now but is talking about Spring and reopening. It's actually going to be probably a good thing that people see, 'Well, this is a community that's really concerned and really good about safety'... The infrastructure, the education, the great weather year-round, the natural beauty, and the amount of space will make the Bay Area and surrounding communities always be in demand."

Alvaro Nuñez: "The market in Miami has been spectacular; we've been one of the lucky destinations. It's becoming the most desirable place, if not one of the top places, to be, and we've seen a huge demand of people coming down not just to rent but to buy, so the demand obviously has been increasing. What at the beginning of the pandemic seemed to be a huge demand for single-family homes, now we're starting to see transitioning to higher demand for condos, and this is a good thing because when it comes to the inventory, we were seeing a little bit of difficulty... Everybody wants to have a great lifestyle. Celebrities want to be in the scene. Those that don't want to be in the scene, still want to be in a place where they can enjoy the lifestyle. Miami is open, right here right now is where [and when] everything is moving."

Leslie S. Modell: "People are getting vaccinated and it's bringing the buyers back to the City. Me personally, I've had an extremely active first quarter in New York. I'm seeing buyers from all markets, from $3 million and under with first-time homeowners trying to get into this really opportunistic buying that we're in right now in New York, and then the higher levels over $4 million are doing very well as well... People tend to like to buy when everyone else is buying; it gives a feeling of comfort, but that's not when to buy. [That time] is now, when the prices are low and they are definitely moving up... New York is getting back into its groove. We're going to get the vaccine; the restaurants will be opening; we're hitting the Spring market; interest rates are very low and will probably stay low for some time. I've been very successful getting buyers off the sidelines and getting very good pricing for my sellers."

To watch more real estate webinars curated by Haute Residence, visit dev.hauteresidence.com.

Mark Peterson, Alvaro Nuñez, Leslie S. Modell

The post Watch: “Coast To Coast” Real Estate Webinar #8 By Haute Residence appeared first on Haute Residence by Haute Living.

The event was hosted by Haute Living's Seth Semilof, and it touched on the real estate industry in the San Francisco Bay Area and California as a whole. Watch the webinar below.

Register for our upcoming webinar

Tuesday, May 12th at 4PM EST/1PM PST

Luxury development 2000 Ocean creators Enrique Norten, Shahab Karmely and Edgardo Defortuna talk about the project. REGISTER: https://hauteliving.zoom.us/webinar/register/4215887787079/WN_pEnoKlLMSlCmoE1ySypE3A

Top left: Jill Levy, bottom left: Olivia Hsu Decker, top right: Michael Dreyfus, bottom right: Roh Habibi, center: Herman Chan

Highlight quotes:

Olivia Hsu Decker: "People are looking outside the major city areas. The wealthy will keep their homes in cities but will get secondary homes in open areas. The whole lifestyle is shifting from major city crowding... A positive attitude is most important. There is unemployment, worries, and deaths, but we have to stay positive and do our best... We are showing homes following the safety guidelines... In high-end, over $5 million, inventory is low. Sales for the first quarter of the year were good."

Michael Dreyfus: "Things are starting to happen. It seems like this week people are waking up a bit more... $15 million+ market is super active, the $5 million market is slow, and entry-level seems to be OK... I have seen four crashes but never been in a market where I couldn't do anything; the first couple of weeks were strange and not a good feeling... This is an easy time to burn out. I'm trying to watch my team, to pick up signs that they are working or worrying too hard."

Herman Chan: "I don't feel much of a slow down. To a certain degree, people are back in business, not wanting to wait anymore. For discretionary buyers or sellers, they can wait. But for those compelled to transact that fit into the four Ds (divorce, diapers, death and diamonds) life has to go on for them."

Roh Habibi: "It has been fun to spend time with my wife and kids. Just being able to find the silver lining, to be able to spend quality time with the family, and continue doing work and flourishing... Everybody is at home, stuck to their phone, so right now is the time to capitalize on attention to build a solid brand. Social is a great way to expand your brand, doubling and tripling down on that."

Jill Levy: "We have a trend of people from the city, South Bay and Silicon Valley to purchase second homes in Napa Valley. We have seen a spike in our markets, especially since last week once they allowed owner-occupied properties to be shown... Because of the shortage of inventory and the demand, we (in Napa Valley) have been able to maintain our pricing."

The post Bay Area Real Estate Webinar With Golden Gate Sotheby’s International Realty appeared first on Haute Residence by Haute Living.