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

About today's panelists:

Catherine Burgess is Founder of Burgess Group of Compass in Boulder, one of the top producing teams in the state of Colorado.

David Welles is the top listing and sales agent in Wellington, FL equestrian community since 2015, with over $100 million in current listings.

Highlight quotes:

Catherine Burgess: "The luxury market really picked up in May, and has been very comfortable. It's not the same in terms of inventory and under-contracts every week, but fairly balanced... Currently, we have had three weeks [that has led to] a healthier spot than we were at this point in 2019... We typically have a few people coming from Houston, Dallas, and Austin. Now, we have them from D.C., Boston, New York, Chicago, San Francisco, and a little bit from Seattle; pretty much all the dense places... For our sellers, we are drawing buyers who may not be here before they close... There has been huge progress in how we can best assess people so they feel they have the green light to move forward... We are keeping our eyes on what our clients need to feel well-served."

David Welles: "The summer season usually slows down for us, but this year was different. We have had a record year to date, people wanting to move out of the cities, not only because of the Coronavirus but the tax breaks. The market here is very strong for luxury homes and equestrian farms... Most of my buyers are cash buyers, but some of them are looking at how record lows of cost of money is, with a 2.5-3% interest rate for a $10 million property [for example]... The luxury market here is strong in the $1-5 million range... Properties are going for record prices... We have been able to reach out to other agents around the country and become a tight group with a lot of referrals going back and forth. That's going to keep us stronger as we get through the pandemic."

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

Catherine Burgess, David Welles

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