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Article taken from Realtor.com 6/29/07

High-end buyers are increasingly looking for out-of-the-way destinations beyond the borders of the United Stated to purchase their vacation home. Top destinations include Nicaragua, Morocco and Uruguay.

“There’s a desire for somewhere different now,” says Nick Barnes, a partner at Knight Frank. “The luxury market, for reasons of exclusivity, is willing to travel to more exotic locations, irrespective of infrequent flights and a longer flight time.”

In Latin America, the most desirable destination is Punta del Este in Uruguay. Prices in luxury towers on the beach are $2,000 per square mete, which is about $180 per square foot.

“That number is way too high for an average Uruguayan or Argentinean investor but competitive for Europeans or Americans,” says July Shields, a general manager at Dubai-based Jumeirah Group, whose portfolio includes the Burj Al Arab hotel, New York’s Essex House and the Carlton Tower in London.

pages-from-movecom_-10-red-hot-spots-for-new-homes.jpgArticle excerpt was taken from Realtor.com News 6/27/2007

Atlanta, Georgia

The undisputed hub of the South, Atlanta offers everything from a major league baseball team to the CNN headquarters. Four distinct seasons – though with short winters and summers – make for mild living year-round.

While the city itself has only about half a million residents, the large metro area recently surpassed 5 million residents – making this one of the fastest growing areas in the country. The median resident age is about 32, with the typical income is about $40,000.

Atlanta’s pro-business climate has attracted more than 2,000 businesses, including several Fortune 500 companies. Top employers include Delta Airlines, Publix Supermarkets, BellSouth, Turner Broadcasting and Cox Newspapers. Coca-Cola is also a well-known fixture. Services, trade and manufacturing are all well represented here. Atlanta is also making inroads as an international hub for business and trade, with more than 1,300 foreign-based businesses here.

Metropolitan Atlanta has led the nation in new housing permits since 1991, with as many as 66,550 in one recent year. Today, you can buy a new house for anywhere from $129,900 to about $1.5 million. Just four miles from downtown, you can get a two-bedroom, two-and-a-half bath, attached townhome for about $220,000. About $50,000 more will get you a 2,500 square-foot-plus, four-bedroom home in a community with a clubhouse, park and pool. The lower end of the price range nets a three-bedroom town home in a southwestern suburb.

Anyone who is planning to remodel, “stage” for sale, or furnish a new home should know, it pays to schedule purchases. Baby Boomer News offers some suggestions for saving money on various household items by waiting to purchase merchandise during certain sale times. Here are several months of the year to find bargains on specific merchandise:

  • January: Radios and televisions, small appliances, blankets, quilts, fabric, linens
  • February: Bedding, floor covering, furniture, house wares
  • March: Washers and dryers, air conditioners, china, glassware
  • April: Kitchen ranges, paint, wallpaper
  • May: Radios, televisions, linens
  • June: Bedding, floor covering, furniture, storm windows
  • August: Lines, rugs
  • September: China, glassware
  • October: Rugs, fabrics

If you are thinking of selling your home, contact your Jenny Pruitt & Associates Realtor for ideas to get your property ready for market.

helen_signature.jpg

Helen Lynch

Senior Vice President, Managing Broker

Sandy Springs office

Daily Real Estate News  January 26, 2007

The Top 10 Luxury Markets to Watch

Unique Homes Magazine in its January issue lists what it expects to be the top 25 luxury markets in 2007. Collectively, the communities that made it on the list represent where the market is heading, according to the magazine. Here are the Top 10 and the factors that make them standout as leaders of the pack:
1. Annapolis, Md.: Great boating and affordable prices compared to Washington, D.C., or Baltimore, both of which are a reasonable commute from Annapolis, too.
2. Asheville, N.C.: Eclectic ambiance draws the upscale to an outdoorsy, low-key lifestyle.
3. Aspen, Colo.: Four-season appeal, which is kept exclusive by restrictive zoning that restrains supply.
4. Atlanta, Ga.: A big-city appeal with lots of lifestyle amenities and new upscale communities.
5. Austin, Texas: Posting record gains for most of 2006, a mix of newcomers are drawn to its great music and scenery and the cosmopolitan University of Texas.
6. Bellevue/Medina, Wash.: This city has lots of upscale neighborhoods that arent as pricey as other northwest areas.
7. Beverly Hills, Calif.: Its reputation as a Mecca for luxury remains untarnished.
8. Idaho: The state is a luxury newcomer with growing resort markets, such as Coeur dAlene, McCall, and Sandpoint.
9. Jupiter, Fla.: Tiger Woods started a trend here when he purchased a 10-acre estate for $38 million.
10. Manhattan: Wall Streeters flush with 2006 bonuses are snapping up desirable co-ops and town houses.Source: Unique Homes, Camilla McLaughlin (December 2006/January 2007)

Excerpt taken from the Summer issue of Southern Seasons magazine.

Donald J. Trump has discovered Atlanta. With Trump Towers Atlanta – a major addition to the city’s Midtown neighborhood, Trump is bringing his signature “uptown” style to a city known for its Southern hospitality.

Conveniently situated at the intersection of 15th and West Peachtree Streets near the Woodruff Arts Center and the Atlanta Symphony Orchestra’s proposed hall, Trump Towers Atlanta will consist of two dramatic high-rise residential condominium towers, complemented by upscale boutique retailers and exciting destination restaurants.

The first phase will be a 48-story tower with 363 spacious condominiums priced from the $400,000s to more than $1 million. After completion in early 2010, the second phase will be a smaller 37-story tower with 200 residential units. The luxury condominium project is a development from Wood Partners and Dezer Properties, in partnership with Trump.

Excerpt taken from the Summer issue of Southern Seasons magazine

Atlanta art patrons saluted the 20th anniversary of the Georgia Committee of the rob.jpgrob.jpgNational Museum of Women in the Arts at an elaborate, al fresco buffett supper at the home of Jean and Bill Astrop. Chaired by Anna Henson, the champagne evening toasted musuem founder Wilhelmina Holladay, who traveled from Washington, D.C. for the occassion. Guests at the event, sponsored by Jenny Pruitt & Associates Buckhead office, views a series of paintings by the late Atlanta artist Genevieve Arnold which have been dontated to the National Musuem.  rob.jpgrob.jpgrob.jpg

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