Haute Residence hosted its latest “Coast to Coast” real estate webinar, featuring five of the top agents in their respective markets: Angela Lutzi Dellatorè (Bonita Springs, FL), Leslie S. Modell (Midtown East, NY), Kelly Ringer-Radetich (Redwood City, CA), Darlene Streit (Santa Fe, NM), and Shelton Wilder (Santa Monica, CA), continuing the industry-leading series of talks with top experts, agents, developers, and brokers.
The webinar was hosted by Haute Living's Erik Haase.
Highlight quotes:
Angela Lutzi Dellatorè: "Naples, Fort Myers and Bonita Springs, it's very busy here... People want to spread out, they want space, and we provide that... In this kind of market, it's important how to use technology to sell properties... ... It's a great rental market on top of everything else... We have seen a huge increase [in demand]. January through April is busy no matter what's going on elsewhere, but we saw an increase in 2020 right off the bat. Once COVID-19 hit, we thought nothing would happen, and in fact, the opposite occurred; the traffic increased... People are looking to spread out to have a space where they can easily go outside during the winter months."
Leslie S. Modell: "Since mid-June, the amount of traffic from the buyers has definitely picked up. I wouldn't say it's an avalanche, but I would say it's a nice pickup from what we have been experiencing since the middle of March... The waiting game is not going to work in New York. Better to get out now and get something sold before the Fall... As a New Yorker and anyone else around the country, this is a great time to buy. I have not since prices or rates this low in a long time. To anyone around the country that is thinking about buying a home in New York: this is the time to buy. The numbers are ticking up again. The Hamptons homes are selling at top dollar."
Kelly Ringer-Radetich: "We are busy here in the peninsula, which is South San Francisco, on down south towards Stanford, all the way through down to Palo Alto, and then Silicon Valley and San Jose. We are seeing multiple offers; people want to get into a single-family residence, something that has more privacy with a yard and space... Younger couples and professionals come in, wanting to start out and get their foot in the door owning property along the marina here... Here along the peninsula, we have a great job market. It's what allows people to be able to come here and afford this area."
Darlene Streit: "It is as busy as I've ever seen real estate in Santa Fe. The closings at Sotheby's last month were equal to 2006-2007 numbers. We have not seen these numbers since then. The overall MLS numbers are about on par with last year. The fact that Sotheby's is ahead in the high-end [market] shows that there are a lot of high-end buyers coming... We are seeing more and more buyers over $3 and $4 million, and we would have many more sales if we had houses to sell them because we have a lot of people just waiting to find a house. It's a very, very tight inventory because everything is selling. It's very busy and people are just coming in from everywhere."
Shelton Wilder: "I'm seeing people coming here from New York, Chicago, and San Francisco. The people here are going to Santa Barbara, Arizona, Florida, Texas and Charleston... Home sales have skyrocketed. People are wanting to leave condos going to single-family [homes]... Some properties are going $400,00 to $500,000 over asking price. Anything under $3 million is going. All of our listings sell in less than 30 days, sometimes just a few days... Rates are low, dropped below 3% now for 30-year fixed. And then there's still really low inventory on in Los Angeles... Home has never been more important. It's a huge privilege to help clients with where they're going to live and building their wealth."
To watch more real estate webinars, visit dev.hauteresidence.com.
Top: Angela Lutzi Dellatorè, Darlene Streit, Kelly Ringer-Radetich. Bottom: Leslie S. Modell, Shelton Wilder: "
