Colorado Landmark Gives Back!

At Colorado Landmark, we are passionate about getting involved and giving back to our community. Landmark is our company name and  our guiding philosophy – check out all of the incredible charitable efforts put forth by our wonderful agents throughout the year!

 

President and Founder Joel Ripmaster is a proud supporter of the University of Colorado Buff Club, which raises funds in support of the nearly 350 student athletes at the University of Colorado.  These funds provide scholarships, and safeguards the mental and physical wellness of these student athletes.
Joel also supports the YMCA, to help them provide more than $1 million in financial assistance each year. Access to Y support means our neighbors can overcome the hardest moments of their lives.

 

Buffs4Life is another organization that Joel is a proud sponsor of. Their mission is to provide financial and mental health support services to current and former CU Boulder student athletes and coaches in their time of need.

 


CLR Vice President Jennifer Fly is a proud member of GiveBack Homes, a non-profit that links real estate professionals with families in need. GiveBack Homes creates social change by building homes for underprivileged families in the United States and abroad, with funds generated and then donated from brokers’ real estate transactions.  The organization’s motto – “Homes Change Lives” – rings loud and true for Jennifer and she is thrilled to be a part of this social good movement.

 


 

Marybeth Emerson is on the Board of Directors for the Shining Stars Foundation, a non-profit that provides recreational and social programs for children and their families who are challenged with cancer or other life threatening illnesses.

 


 

Brett Sawyer volunteers as a member of the Board of Directors for the Boulder Area REALTOR Association (BARA) and was the 2019 Chairman of the BARA Communications Committee. He is also the Chairman-Elect for the 2020/2021 term for the BARA Board of Directors! Another Board Brett is a director of is Commuting Solutions; dedicated to delivering innovative transportation options that connect commuters to their workplaces, businesses to their employees, and residents to their communities.

Growing up in Boulder, Brett Sawyer was exposed to bicycling at an early age; racing as an amateur, then switching from racing to race support. Avid in the bicycling community, he learned about World Bicycle Relief, an organization that provides purpose-built bicycles to individuals and groups in Africa. Bicycles have been shown to dramatically increase villagers’ access to education and healthcare, and provide more efficient trade between communities. For every property sold, Brett donates a bicycle to a trained and qualified recipient.

Brett also contributes to RPAC, the REALTORS Political Action Committee, which has been critical in maintaining national homeowners rights, renewal of the National Flood Insurance Program, and retaining the mortgage interest deduction on Federal tax returns.

 


 

Since 2001, Jenner Eiss and her family have sponsored over 50  Boys & Girls Club campers. At Gates Camp, located in the Indian Peaks Wilderness Area, children from low-income families spend a week in the mountains hiking, fishing, canoeing, rock climbing and exploring who they are through the lens of the “Five Pillars”: Leadership, Enthusiasm, Respect, Cooperation, and Honesty.  Jenner says “Our children are our future and I believe in giving children  opportunities and experiences that will help open them up to the  unlimited potential that lies with in each and every one of them.”

 


 

Kamla Chopra is an active member of the Rotary Club of Niwot, and served as the group’s treasurer for two years. She also enjoys volunteering for Habitat for Humanity and the Community Food Share, and is a member of the Niwot Business Association.

 


 

Deborah Read Fowler donates $500 from every closing in the 80503 zip code area to the Niwot Children’s Park. She also serves on the Board of the Community Food Share, and is the President of the Women’s International Niwot Club (WINC) who welcome diversity and actively celebrate cultural difference from all over the world, as well as different parts of the USA.

Other local organizations Deborah sponsors include:
Mountain View Fire Rescue, Niwot Elementary and High School as well as Shepherd of the Valley Lutheran Church, the Boulder Symphony and Children First of the Rockies, where services are designed to help families in conflict or crisis improve their quality of life and ensure the safety and well-being of children.

She also donates to Love for Lily, to support families in the Neonatal Intensive Care Unit (NICU) to thrive during their stay and at home; as well as CASA who together with state and local member programs, support and promote court-appointed volunteer advocacy so every child who has experienced abuse or neglect can be safe, have a permanent home, and the opportunity to thrive.

Deborah is a Chairman of FRiLLS (Front Range Leading Ladies)
A Board Member of the Boulder Symphony
A Guild Member of the Community Food Share
Vice President of the Niwot Business Association
and Vice President of IBC (International Business Circle)


The Saul Team hosts an annual coat drive for One Warm Coat a national, non-profit organization that works to provide a free, warm coat to people in need.  Coats are collected and distributed in the communities where they were collected without charge, discrimination, or obligation.  Since their inception in 1992, they have given away more than six million coats.

 

      The Saul Team also donates to Boulder County Open Space & Trails and the Boulder County Humane Society.

 


 

 

Aku Desai  is proud to support the Boulder Safe House (SPAN) which is a human rights organization committed to ending violence against adults, youth and children through support, advocacy, education and community organizing.  SPAN began providing services in 1979 and is crucial to the network of support that offers critical “safety net” services to vulnerable, low-income and at-risk populations. To learn more about the great work that they do for the community, click here: http://www.safehousealliance.org/.

 


 

Paige Coutts donates money and volunteers her time at The Golden Retriever Rescue of the Rockies, a mostly volunteer non-profit 501(c)(3) organization that helps rescue-rehab and place unwanted, abandoned or surrendered Golden Retrievers into loving forever homes.

 


 

Kevin Byrne donates to the Boulder Community Food Share and Attention Homes in Boulder. Attention Homes was established in 1966 with the mandate to provide ‘attention, not detention’ to displaced youth, serving over 12,000 young individuals as they become healthy, productive members of our community. They have always been responsive to the needs of youth facing homelessness due to domestic violence or family breakups, so that they no longer are sent to detention centers for housing.

 


 

Mia Ness donates shoes, coats, gloves etc. to A Precious Child in Broomfield every year, where they assist children and families facing difficult life challenges such as abuse and neglect, crisis situations and poverty. Through their four Key Focus Areas, A Precious Child aims to bridge the gap in children’s education so they can become secure, self-reliant, contributing members of their communities as adults.

This past year she was part of the silent auction donations for Pie in the Sky – Project Angel Heart who, with the help of thousands of cummunity members, prepare and deliver delicious, medically tailored meals – free of charge – to Coloradoans coping with life-threatening illness.

 


 

Meghan Bach annually sponsors the Community Food Share as well as ACE – the Alliance for Climate Education, teaching young people about the science of climate change and empowering them to take action!

Meghan sponsors lots of other organizations such as:

The Conscious Alliance, a movement of artists, musicians, food makers, and music lovers on a mission to end hunger in underserved communities nationwide.

Crayons to Calculators collects and distributes new backpacks and school supplies to ensure that Boulder Valley and St. Vrain Valley students head back to school with the tools they need to succeed.

The Trust for Public Land works to protect the places people care about and to create cloe-to-home parks — particularly near cities, where 80 percent of Americans live. Thei goal is to ensure that every child has easy access to a safe place to play in nature.

The Denver Rescue Mission not only provides physical sustenance to meet immediate needs, but spiritual nourishment through programs and support to help guests grow in their faith journeys. The greatest gift of all can be a second chance. Through understanding, professional counseling, and health services programs, they ensure their guests know they are valued and capable of incredible change.

Meals on Wheels provides fresh, nutritious meals and daily well-being checks to Boulder residents regardless of age or income. Making Life Easier.

 


Stacey Richter donates to the Boulder Sudbury School and There With Care;providing a wide range of thoughtful and fundamental services to families and children during the critical phase of a medical crisis.

 


 

Support Local Businesses this Weekend – Small Business Saturday is Almost Here!

At Colorado Landmark, Realtors we LOVE celebrating and supporting local small businesses because we are one! Here are a bunch of great deals from small businesses in our area.

Click Here to See What Shops Are Participating in Boulder! 

Entertainment and activities abound at this year’s Small Business Saturday for the whole family. Santa and Mrs. Claus will be at the Visitor Information Center from 11 am – 2 pm, with rides on the Snowflake Express kiddie train offered during the same time frame (weather permitting). In addition, enjoy Holiday carolers in nostalgic attire roaming downtown throughout the day.

We hope that for the remainder of the holiday season and well into the new year, you will continue to support local shops and restaurants who call downtown Boulder home.  Our district is made up of more than 80% locally owned / operated businesses –  that’s HUGE!   Thank you for your ongoing support!


Shop Small – Shop Local!
Small Business Saturday is Coming!
Shop local on November 30th

 When spending your holiday dollars in Louisville, you not only get to personally pick out that gift that will make someone happy, you also help a small business owner! And that is one of the best gifts of all!

CHECK OUT THESE CHAMBER MEMBERS GREAT DEALS GOING ON NOVEMBER 30TH!


740 Front
740 Front St
www.740front.com
Complimentary Mimosa or Bloody Mary during brunch with the order of an entrée (Customer needs to mention this offer to their food server) & at dinner receive a complimentary $10 on your next visit when you mention you are there for Small business Saturday.

 

Achtermann Chiropractic & Acupuncture
600 Main St
http://achtermann-us.com/
$5-$20 off packages & 2 for 1 Cupping or Kinesiotape sessions! Promos available the week before & after Thanksgiving. Send an email to acmstaff3@gmail.com, call 303-673-9797 or Text 720-295- 9212!

 

Assorted Goods and Candy
706 Front Street, Suite B
www.assortedgoodsandcandy.com
Assorted Goods and Candy will be having a drawing for a Holiday Chocolate Centerpiece as well as warm apple cider and chocolate and candy samples throughout the day.

 

Big Little Sound
Louisville
www.biglittlesound.com
Book a Holiday or New Years Party on small biz Saturday and get your headphones at a 25% discount!
Valid on both DIY parties and full-service events.
Book a youth or teen party and get 2 for 1 on headphones for a DIY rental! Valid anytime in 2020. No limit on headphones!
Must book and confirm with your deposit on Small Business Saturday!
Feel free to reach out in advance for more information.
Contact info@BigLittleSound.com on the 30th of November to book.

 

Center Your Body Pilates
844 Main Street Suite 101
www.centeryourbodypilates.com
Center Your Body Pilates will be offering two discounts on Saturday only
20% of Retail
Buy a 10 or 20 Pack Class Package and Get two classes FREE!
*Packages Purchased online all day on Saturday will be credited with 2 additional classes after purchase
Open 8am – noon, packages available online all day.

 

Creative Framing Art Gallery
916 Main Street
www.creativeframingartgallery.com
10% off EVERYTHING in the gallery, including Uno de 50, plus 20% off custom framing order. Enjoy complimentary appetizers and beverages while you shop!

 

Eleanor + Hobbs
901 Front Street #100
www.shop-eleanor.com
Eleanor + Hobbs will be serving up some hot cider and Landline Doughnuts

 

Good Farma, LLC
700 Front Street, Suite 204
www.mygoodfarma.com
20% off coupons fro any nutritional service/ raffle for Personalized 4 Week Meal Plan (1 drawing)/ Sweet Treats

 

Inksmith Tattoo & Piercing
565 E South Boulder Rd
http://www.inksmithcolorado.com/
will be offering discounted Gift Certificates, each certificate is $100 valued at $150. It also comes with a $50 coupon.

 

Lucky Pie Pizza & Tap House
637 Front Street
https://www.luckypiepizza.com/
Restaurant / Buy One Get One Beer for mentioning Small Business Saturday

 

Louisville Cyclery LLC
1032 E. South Boulder Rd.
www.louisvillecyclery.com
10% off 2020 Adult and Youth Bikes
20% off 2019 Bikes
30% off all Apparel and Accessories
Louisville Cyclery is now your source for high quality, affordable Skateboards, Scooters, and Accessories! All at 30% off on Small Business Saturday!

 

My Saving Grace
909 Main Street
www.mysavinggrace.net
Small business Saturday we will have a drawing for a $200 gift certificate. Must visit the store that day to enter.
Month of November we will be taking gently used shoe donations to benefit Sister Carmen Community Center. With a donation, you will receive a 25% discount off a full-price pair of shoes.

 

Nutri-Physique
Louisville
www.nutriphysique.net
20% off!
Regular price =$93 Discounted price =$75\
Please call Pam to schedule: 303-665-7992

 

Organic Sandwich Company
459 S. McCaslin Blvd
www.organicsandwichco.com
Free soda with purchase on Small Business Saturday!

 

Pitter Patter
931 Main Street
www.pitterpattershop.com
Pitter Patter is saying thanks to their loyal shoppers by giving away reusable, custom Louisville shopping bags to the first 5 customers who spend $100. They love being a member of the Louisville community and would like to help others share this pride.

 

Rodan and Fields Skincare, Holly Widmar Independent Consultant
844 Main Street, Suite 202
https://hollywidmar.myrandf.com/
Saturday special one free essentials product & preferred customer fee rebate (20$ value): get 10% off and free shipping

 

Tilt Pinball and Events
640 Main Street
www.tiltpinball.co
Email events@TiltColorado.com on the 30th for these deals –
20% off Youth Party (can take place anytime in 2020)
20% off Room Rental for a Holiday party.
20% off Gift Cards (great stocking fillers)

 

The Singing Cook
728 Main St.
www.singingcookstore.com
First 20 customers to spend $75 or more receive a $10 Gift Card to either Acme Fine Goods or 740 Front.

 

Yoga Hive Colorado
917 Front St., Suite160
www.yogahivecolorado.com
Yoga Hive will be hosting a pop-up shop from Refill Revolution, a one-stop-refill-shop for all of your household cleaning and body care products. They will also have eco-friendly lifestyle items such as reusable towels, produce bags (no need to grab those plastic bags at the store for your fruits and veggies), straws, portable utensils, shampoo bars and much more! They are open 10-4 on Small Business Saturday.

 

Yoga Junction
927 Main Street
www.louisvilleyogajunction.com
Yoga Junction will be offering two discounts on Saturday Only:
Save 20% off any retail purchase!
Buy a 10 punch card for $100! (Savings of $35)
*Punch Cards are Available Online through Sunday using code SHOPSMALL19

Lousiville Chamber of Commerce | 901 Main St. |
303.666.5747 www.louisvillechamber.com


Support small, independent family owned businesses that make our community special and interesting!

Small Business Saturday

Thank you for supporting our family business. Lafayette Florist, Gift Shop & Garden Center has been in the same location since 1949. We invested in this community through our longevity, have stayed current and offer the best floral and gardening products in East Boulder County. Come see us!

Enjoy two floors of Gift and Home décor showrooms.

Lafayette Florist, Gift Shop & Garden Center
(303) 665-5552 – Call us 24/7
www.LafayetteFlorist.com
Open Daily
Monday – Friday 8:30 – 7:00
Saturday 8:30 – 5:30
Sunday 10:00 – 5:00
Satellite Store at Good Samaritan Medical Center
Open Monday – Friday 9:00 – 5:00

 

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Lafayette Florist, Gift Shop & Garden Center

600 S. Public Rd, Lafayette, CO 80026

 

Investing – Food For Thought by Phil Booth

Have you considered purchasing an investment property as part of your overall investing strategy?  Here is some food for thought about real estate investment in Boulder and the Surrounding Areas.
INVENTORY

In the City of Boulder this fall (2019), there is 50% more real estate inventory (active listings on the market) than last fall (2018).

This means that there are more options to buy, more listings that have been sitting on the market for an extended period and, going into winter, more motivated sellers. And it means that there are some really good deals to be discovered!

STABILITY AND GROWTH!

A recent “SmartAsset” study found that if you want to buy a home that’s likely to grow in value, Boulder is the number one choice in the entire USA.   Looking at data for 358 metro areas in the U.S. Boulder was found to be the U.S. housing market with the most stability and growth.

https://smartasset.com/mortgage/best-housing-markets-for-growth-and-stability-2019


CONVINCING REASONS TO INVEST IN REAL ESTATE
  • Best long term investment.  Real estate has outranked stocks & mutual funds, gold, savings accounts, CDs, and bonds as the best long term investment among Americans for the last 6 years.
  • High Leverage.  By only having to actually invest 20-25% of the purchase price, while realizing appreciation on 100% of the value, you are leveraging your investment at a 1:4 or 1:5 ratio… now that is putting your money to work!
  • High Appreciation.  In the four year period from January 2015 to January 2019, across the City of Boulder real estate market, property owners saw an average appreciation of 57%  YIKES!
  • Tax benefits.  Tax deductions include interest from mortgage payments, repairs & maintenance, depreciation, insurance premiums and HOA fees.
  • Retirement Income. Rental income can be a great source of passive income.
  • Diversify Your Assets. Diversification in investments lessens your risk of loss.  Do you have all of your eggs (retirement savings) in one basket (eg. stocks)?   Having a real estate investment property represents a safe basket.
  • AND… at last check, real estate is the only investment you can also live in!

HOW MUCH MONEY DO YOU NEED?

With $100k to leverage into a property you could purchase a single family home in Boulder County (Longmont) and see your investment cash flow with rental income.  Likewise, with $350k you could see an investment property in the City of Boulder cash flow.


DON’T WANT THE HEADACHES OF MANAGING THE PROPERTY?

Professional property management is a great option if managing the tenants and property is not your ‘cup of tea’.  Once a property is rented, management companies generally charge around 10% of rent each month.

Fore more information about investing in real estate, please reach out to Phil below!

Phil Booth
Realtor ®, SRES
(Certified Senior Real Estate Specialist)
303.817.8307
Phil@ColoradoLandmark.com 

 

 

View Phil’s Testimonials

Moving During the Holidays? Three Steps to Make it Easier!

With Thanksgiving here soon and Christmas right around the corner, many people would never dream of moving. However, many people end up planning a move during the holidays. For one thing, they may find a better deal on a home, since many sellers lower their asking prices in fall and winter trying to get their homes off the market. And when scheduling, chances are you’re going to get the date you want, since this is not a popular time of the year to move. The only contingency is having to deal with the weather!

 

GET A FREE ESTIMATE 

 

Moving During the Holidays: 3 Tips to Make It Easier

Those who have decided to move during the holidays may find they need to plan more thoroughly to ensure a smooth experience. We have a few tips you can use to make the most of your holidays in the middle of a move.

 

1. It’s All About the Budget

Since this is the holiday season, chances are you are buying gifts for all your friends and family. Moving expenses can cut into your holiday shopping fund. Be sure to start saving now for this extra strain on your budget!

 

2. Watch the Schedule

Moving companies don’t see as much demand during the holiday season, so you aren’t going to have to compete with other customers. However, you’ll still need to respect that many employees may take vacation during this time of year. Avoid moving on Thanksgiving weekend, Christmas Eve, Christmas Day and New Year’s Eve and Day.

 

3. Prepare for the Weather

Depending on where you live, you may have to contend with the weather. Those in the Midwest and Northeast may be dealing with snow and ice storms that can delay moving. Inclement weather often shuts down public transit and other services. Be prepared to make a change at the last minute. You will want to arrange your moving date for a week or two before you must be out of your home to avoid overstaying your time there.

 


 

If you’re moving during the holiday season, a professional moving company and real estate agent can help you make it happen. However, be prepared to make a few changes and go with the flow if weather or scheduling issues arise. Also, don’t forget to take some time to enjoy the holidays! Whether this is enjoying a family dinner or exchanging gifts with that special someone, take time to make the holidays even more memo.

 


                         

 

Copyright © 2019 The Moving Connection, All rights reserved.
You are in our network.

Our mailing address is:
The Moving Connection1930 Central Ave Ste E
Boulder, CO 80301-2895

Regular Sewer Maintenance Tips from Scott Home Inspection

Did you know your sewer line requires regular maintenance? 

Obstructions in your sewer line can lead to poor drainage, decaying pipes, and even back-ups.

 

On older homes, older pipes are prone to offsets and tree root intrusion.

 

Setting ground around newer homes can cause pipes to shift over time. Or build-ups of grease and gunk can slow down drain water.

 

Because of these issues, it is important to have an independent sewer scope done regularly to understand the condition of your line.

 

A sewer scope inspection can help determine what needs to be done to keep things flowing smoothly.

 

We can recommend rooting or cleaning of the line, or larger repairs if needed.

 

Consider having a sewer scope done along with our maintenance inspection to ensure your house is in good condition from top to bottom!

 

It pays to maintain one of the biggest investments you’ll ever make!


Maintenance Inspection Information 

Sewer Scope Information 


Our Post-Inspection Services

All of our add-on inspections can be scheduled individually.

Maintenance Inspections 

 

Radon Testing

 

Sewer Scope Inspections

 

Mold Air Samples 

 

Water Quality Testing 

 

Pest Inspections 

 

Click Here To See The Full List 


Don’t take our word for it. See some reviews from our satisfied customers here. 

 

 

 

Maintenance InspectionsContact Us – Website 

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Our Mission: At Scott Home Inspection, we provide integrity-based home inspections, energy assessment services, and rental inspections to help Colorado families live in safe, healthy and comfortable homes.

 

Call Today: (303) 373-2424 or (970) 532-2424

 

 

Colorado Landmark and Habitat for Humanity Build Day!

Yesterday was a brisk, busy day for our agents here at Colorado Landmark! But at the Flatirons Habitat for Humanity Build Day, the sun was shining and spirits were high, thanks to all of our realtors who came out to help lend a hand to homeowners and other volunteers. We love giving back to our community and it was a special opportunity to do just that!

 

Habitat for Humanity envisions a world where everyone has an adequate place to live. Habitat homeowners help build their own home, alongside volunteers and pay an affordable mortgage. With community support, Habitat homeowners achieve the strength, stability and independence they need to build a better life for themselves and for their families.

 

Colorado Landmark is proud to support this worthy cause within Boulder County and beyond!

A big thank you to everyone who participated!

Joel Ripmaster 

Jennifer Fly 

Scott Ripmaster

Meghan Bach 

Maria Scroggs 

Lynn Saul 

Jordan Saul-Peterson 

Mollee Brunk 

Elizabeth Burger

Vickie Slade 

David Scott 

5 Tips to Start Your Fall Refresh

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It’s Time For A Fresh Start

Forget January! For many of us, fall feels like the time for a fresh start! These crisp mornings make us feel the urge to get ourselves and our home in great shape. Autumn is the season of harvests, festivals, winter preparations and of course spectacular foliage.

5 Tips To Start Your Fall Refresh

1.  Fashion  Enthusiasts  Take  Note-
Do you have a nook in your house that could use a little styling? A hat rack will not only give organization to your collection of hats, but will also display your collection in a creative way.

2.  Fall  Yard  Care  to  Tackle-
Rake early and often, by catching leaves before snowfall, you can prevent a soggy mess in the spring.  Aerate the lawn to alleviate soil compaction and beautify your grass. Fall is the right time to fertilize, the payoff will come in the spring.

3.  Two  Words – Fall  Harvest – 
Thanks to our friends at Food & Wine magazine for this mouth-watering fall salad and it packed with antioxidants.

4.  Host  a  Fabulous Fall Party – 
Make sure your home is complete with autumn inspired decorations like leaves, acorns and pumpkins. Backyard campfire parties with picnic baskets full of
s’mores create the perfect setting for lots of laughs.

5. Organizing  School  Fundraisers – 
Today is the day to gather up all those BoxTops, ink cartridges and milk caps and get them ready to send to school. Get them gone and to where they can do some good!

Get Covered in Gold 
One of the best hikes to see fall colors is  Kenosha Pass. With the snow-capped Rockies in the distance and about a 90-minute drive from Denver, it makes for a perfect leaf-peeping day. Get there early to avoid the crowds!

Are you planning on moving this year?

If so, contact  Organization & Relocation. We provide an expert relocation concierge service that handles every last detail. We have perfected the art of transitioning clients from one beautiful home to the next. Are you hoping to implement a home organizing solution that finally works? We can help with that too!

Follow us on Social Media for Daily Organizing Tips & Inspiration! 

Check Out Colorado Landmark’s Very Own Meghan Bach in Ultra High End’s New Story!

Luxury Homes – Luxury Real Estate | UniqueHomes.com

 

The Ultra High End’s New Story

 

No longer is ultra high-end real estate in the U.S. just about NYC and LA.

Beverly Hills, Manhattan and Miami, along with one or two other cities, have traditionally been the locus of the most expensive and most exclusive real estate in the U.S. Now, in an increasingly diverse geographic mix from Boston to Boulder, more properties align with what the industry calls the ultra or premier market. Uber prices in these locations might not number in the hundreds of millions of dollars, but they are the highest of that market. And, no matter the ZIP code, it’s likely that properties at the very top share similar attributes.

Worldwide, the number of millionaires and billionaires continues to grow, with the U.S. still accounting for the largest share of mega wealthy. “I think the change we are seeing in the growth in the ultra high-end is directly correlated to the growth of significant wealth in the world. More people have more significant money,” says Stephanie Anton, president of Luxury Portfolio International.

“Interestingly,” she says, “it’s diversifying too. In the U.S., no longer is the story just about NYC and LA. Bottom line, the shift in location is a change that influences the high end of the housing market and the demand for significant properties in a way we have never seen before.”

Photo courtesy iStockPhoto.com / Sean Pavone

 

Traditionally, the very top of the market in Boston was the purview of the city’s legendary Brahmins. But the revitalization of downtown neighborhoods and growth of tech and finance, along with globally recognized educational institutions, are revamping the high end in both the city and suburbs. In 2018, there were 82-percent more luxury property sales than in 2014. Not only are more properties considered high end, but new luxury towers mix with traditional blue-chip estates.

 

Photo courtesy of iStockPhoto / MattGush

Jonathan Radford with Coldwell Banker Residential Brokerage in New England is representing the highest priced estate outside Central Boston. Woodland Manor is a $38 million property on more than 7 acres, five miles from the city centerline in Brookline. Photo courtesy of Boston Virtual Imaging.

The highest listing in the city is a $45 million penthouse occupying the entire 60th floor of the new Millennium Tower. Jonathan Radford with Coldwell Banker Residential Brokerage in New England is representing the highest priced estate outside Central Boston. Woodland Manor is a $38 million property on more than 7 acres, five miles from city center in Brookline. “Over the past 5 years, we have seen consistent growth in the number of luxury property transactions outside of the city of Boston, in the range of 10 percent to 30 percent per year, with the exception of 2016, when a shortage of inventory resulted in a 2.7-percent decline in the number of luxury sales. In 2018, there were 58-percent more luxury property sales than in 2014,” explains Radford. “In the city, growth in the number of luxury transactions has exceeded 25 percent a year.”

Beverly Hills agent Joyce Rey, head of the Estates Division of Coldwell Banker Global Luxury, has brokered a number of record-setting transactions both regionally and nationally. “I never cease to be amazed at the constant ascension of real estate values. Any look in the rear view mirror at real estate values is always surprising because people realize and regret not buying more real estate. And it seems shocking today because when I founded Rodeo Realty in 1979, $1 million was a pretty major property.” The customary benchmark for luxury in many places has been $1 million. Now, in many locales, including Boulder, Colorado, the $1 million home is basically a redo. Boulder agents say luxury doesn’t begin until $2.5 million,
but even then, as Megan Bach with Colorado Landmark Realtors points out, “some homes are not necessarily luxury.” A more reliable gauge in Boulder, she says, is price per square foot, a measure often applied to premier markets in New York and California. She estimates luxury in Boulder begins at approximately $1,000 per square foot. The highest priced home currently on the market is a $9 million property on 15.42 acres outside of town with extensive views and strong indoor/outdoor connections. Having “great indoor views typically price bumps any home in any neighborhood here, as is the case in any view locale,” says Bach, emphasizing what might be a universal truth for uber luxury: No matter the location, the better the views and outdoor connections, the higher the price. 

Utah ay seem an unlikely spot for the ultra high-end, but prices now approach $10 million with the highest residential listing $26 million. Photo courtesy of Summit Sotheby’s International Realty.

“Sales over $10 million are very rare, but I think they are coming,” observes Debra Johnston, with Berkshire Hathaway HomeServices Georgia Properties. Photo courtesy of Debra Johnston.

Along Florida’s west coast, values in upscale resort locales traditionally trailed Miami or Palm Beach. Now, “prices for beachfront in Naples begin at $20 million,” says Tade Bua Bell of John R. Wood Properties. The recent sale of a gulf-front property in the exclusive Port Royal for $48 million illustrates how much demand has changed. The home was eventually torn down and replaced with new construction. Another property also in Port Royal and destined for a tear down sold for $28 million. In the ultra-sphere, a $10 million or $20 million tear down is not an anomaly.

The uber market in Atlanta starts around $5 million to $7 million for new construction. “Sales over $10 million are very rare, but I think they are coming,” observes Debra Johnson, with Berkshire Hathaway HomeServices Georgia Properties. “Buckhead is running out of large land lots, which is driving up the cost to build a dream house. The time it takes to build a new luxury home in the $5 million range could take up to 2 years. Many prospective buyers are instead buying the best flat lot they can find in a resale, and renovating the house to their taste level,” observes Johnson. In Atlanta, Los Angeles and other cities, lots suitable for prestige properties are at a premium.

In New York City, ultra luxury starts at $10 million, but Martin Eiden of Compass Real Estate says if you are looking for the “Wow factor” you have to be in the $18 to $40 million range. And anyone considering a trophy — what Eiden calls “I made it big” — property, generally has to look at $60 million and up. In the ultra-sphere, trophy properties often have over-the-top list prices. Greenwich, Connecticut, is a blue-chip bastion for prestige properties. Topping price points is a mid-country European style estate offered at $29.5 million, followed by a $22.5 million property, also in a premier estate setting. Old money locales tend to be timeless. In the Washington, D.C., metropolitan area, uber prices currently do not exceed
the $20 million mark. The exception is a $62 million estate in McLean, Virginia, on 3.2 acres overlooking the Potomac and comprised of a main residence and The Marden House, which was designed and constructed by Frank Lloyd Wright in 1959. Also extraordinary is underground parking for 30 cars, bespoke interiors by Thomas Pheasant and some of the finest views of the river in the region. In the ultra realm, truly singular properties, particularly those with provenance, often merit singular list prices. Parking for dozens of cars might seem over the top, but garage space and parking are both important to high net worth buyers, according to Rey. What else is considered a must-have? Smart home tech, larger closets, a gym, kitchens and great rooms that flow, screening and media rooms. But, Rey emphasizes, “Location is still the number one consideration for buyers.”

The increasing diversity of locations in properties at the highest price points is basically a numbers game: more buyers, greater degrees of wealth, and price appreciation in the overall market. Simply, there are more people in more locations with greater net worth. Utah is an unlikely spot for the ultra high-end, but prices now approach $10 million with the highest residential listing at $26 million. The market changed in 2016, according to Kerry Oman, with Summit Sotheby’s International Realty in Park City, who brokered the sale of a $13.5 million property in Provo Canyon, the highest-priced transaction in recent years. For the ultra market, the $5 million to $7 million range is typical, and $7 million to $10 million is no longer the exception, says Oman. In spite of growing national interest in Park City, demand for uber properties is most likely to come from home-grown wealth. In the ultra-realm, U.S. buyers dominate a majority of locations today. 

“A lot of money is coming out of Silicon Valley, and Seattle now. And we’re seeing a great migration of significant wealth to more resort markets like Hawaii, Florida and Texas, due to an aging affluent population and also attractive tax laws,” shares Anton. Taxes are only one driver for a new geographic mix of buyers in Florida and Georgia. Even before the tax law was passed, brokers like Bua Bell were reporting more interest from Colorado and California. Brokers in Naples and other cities are also seeing buyers from New York, New Jersey, Massachusetts and Connecticut. Johnson says there has been a big increase in out-of-state buyers in Georgia in the last year. Ultra-luxury buyers in Greenwich have broadened in terms of their use of these properties and what they are looking for, observes Robin Kencel with Compass Real Estate. Some plan to make Greenwich their fulltime residence. Others are looking for a weekend or a summer retreat. “As people discover Greenwich’s natural beauty, from having four beaches to 600-plus nature trails to a breadth of year-round activities and its sophisticated, diverse and wholesome vibe, it is becoming an attractive alternative to the Hamptons,” she says.

In the Washington D.C., metropolitan area, uber prices currently do not exceed the $20 million mark. The exception is a $62 million estate in McLean, Virginia. Photo courtesy of Gordon Beal. 

Sui generis is how some characterize the ultra market, but as distant and disconnected as it may seem, the ultra sector does not exist in a separate vacuum. “Everything’s fluid in luxury real estate,” says Gary Gold with Hilton & Hyland in Beverly Hills, noting it’s not like the stock market where there is a definite price at the closing bell. “It doesn’t work that way. There are so many nuances. In general, when you have record sales, when you have record numbers of sales, when you have lots of positive activity, it has an overall significant effect on everything,” he explains.

“The rise in significant prices is a reflection of demand but also is consistent with the rise we’re seeing in luxury prices across the board,” says Anton. “According to Realtor.com, in Q4 of 2018, prices in the top 5 percent of markets in 1,000 U.S. cities closed at an increase of 4.7 percent year over year. It’s a bit of that old saying, ‘a rising tide lifts all boats.’” With pricing heading into the stratosphere, an ultra purchase might seem capricious — a product of desire rather than a well thought
out choice. Instead, no matter the price, it’s still a question of value. Every once in a while a buyer might make a crazy purchase, but agents say that’s a very rare occurrence. Even though prices might be well into the tens of millions, Gold says, “It’s not about the money. It’s about how everyone wants to make a smart purchase, and no one wants to be a chump. For the most part, when they make that purchase, people want to feel they have made a prudent, valuable purchase. People who are worth a lot of money are very used to making very very expensive acquisitions, whether it’s in business or personal.

They know how to wrap their head around these very large purchases.” “These buyers are highly sophisticated consumers and active in multiple luxury asset classes, from cars to art to jewelry. They want to know that beyond enjoying their property, they have made a sound business decision,” says Kencel. Ultra properties might be extravgent and indulgent, but the ultra buyer’s focus is still value and investment. When there are several properties on the market at the highest prices, agents often say, “When one sells, the others will to.” Surprisingly, experience does validate this claim. “If you see homes that are setting new precedent, I think it definitely is an endorsement in an area and a price range,” says Gold. Several years ago, Gold broke the $100 million price point in Los Angeles with the sale of the Playboy Mansion. “No one ever sold something well over a $100 million. Since then, we’ve seen more really big sales than ever before. It’s definitely a validation of an area, and people get more comfortable spending more money, so it’s a good sign.” And the impact trickles down. “The second I sold something for $100 million, all of a sudden the $5 million listings are now worth more.”

This editorial originally appeared in  Unique Homes Ultimate ’19 Issue.   

Happy October from Colorado Landmark!

Thank you to all who attended the annual Colorado Landmark Oktober Fest at the Bohemian Biergarten last night! It is always wonderful to have such great company and smiling faces as these chilly fall nights set in! Here are some fun pictures from the event!

Good Beer, Good Friends

The Girls!

A Special Thanks to Joel and Jen for Taking Such Good Care of Us All Always!

Cheers to a Happy and Healthy Holiday Season Ahead!