Luxury Portfolio Vol. 06 Issue 02 - Lillian Montalto

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LUXURY PORTFOLIO INTERNATIONAL ®

FINANCIAL INDUSTRIES Presenting the latest insights from our extensive network of industry leaders, we take an insider’s look at what’s happening in select global markets that are currently being influenced by the residual wealth of the financial industry. For more information or to contact a Luxury Portfolio affiliate, visit luxuryportfolio.com.

LUXURY PORTFOLIO MARKET PULSE

NEW YORK CITY

WASHINGTON D.C.

WASHINGTON D.C.

NEW YORK CITY, NEW YORK

HIGHEST RECORDED SALE IN LAST 12 MONTHS: U.S. $18,000,000 COMPARED TO LAST YEAR, PRICES ARE:

HIGHEST RECORDED SALE IN LAST 12 MONTHS: U.S. $42,550,000 COMPARED TO LAST YEAR, PRICES ARE: Up PRICE POINT FOR THE TOP 10% OF INVENTORY ACROSS THE MARKET: U.S. $10,000,000 MOST INTERNATIONAL BUYERS ARE COMING FROM: Australia, Brazil, India, China, Kazakhstan, Europe, U.K., Canada, Hong Kong and Greece TOP FINANCIAL COMPANIES HEADQUARTERED HERE: AllianceBernstein, CIT Group, E-Trade, Goldman Sachs and JPMorgan Chase, to name a few LUXURY BUYERS ARE LOOKING FOR: Views, outdoor space, pre-war details and concierge services in new condominiums

The change in the monthly median sale price in the Washington metropolitan area has been flat in 2016, with monthly changes of approximately 1% PRICE POINT FOR THE TOP 10% OF INVENTORY ACROSS THE MARKET: Ranges from U.S. $1,000,000–$1,500,000 MOST INTERNATIONAL BUYERS ARE COMING FROM: Iraq and India TOP FINANCIAL COMPANIES HEADQUARTERED HERE: World Bank, International Monetary Fund and Inter-American Development Bank LUXURY BUYERS ARE LOOKING FOR: Outdoor living areas, exceptional service and full-service amenities, such as a door attendant, 24-hour concierge, fitness center and resort-style swimming pools. Also guest suites and social spaces, such as screening rooms, reception rooms and temperature-controlled wine rooms

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