Mike Leipart

California Leads Luxury Market But That Could Change

Posted on by TMN Editor
By NICOLE MURRAY California continues to dominate the luxury homes market, but that could change as communities fight for the country’s wealthiest individuals. In a recent Point2Homes.com study, analysts looked at which cities in the United States have the highest share of luxury homes worth at least $1 million for sale. Results were categorized by large, mid-sized, and small cities. They found that listings above $1 million make up around 64% of the for-sale market in Los Angeles. LA also led the ultra-luxury sector, with almost 12% of its homes priced above $5 million. Glendale (66%), Huntington Beach (63%), and Oxnard (43%) in California were found to be the three most luxurious mid-sized markets with high percentages of the homes…

Luxury Markets: What Do The Wealthy Really Want In Their Homes?

Posted on by TMN Editor
By KIMBERLEY HAAS Large saltwater pools, massage rooms, and places to store extensive wine collections are popular, but there may be more important things to prospective mansion buyers. During the National Association of Real Estate Editors conference in Las Vegas this month, a panel discussion was held to flush out current demands in the luxury market. Speaking during “Mansions 2024” was Mike Leipart, managing partner of The Agency Development Group; Rob Jensen, president of the Rob Jensen Company; Architect Michael Gardner of Luxus Design Build; and Architect Johnny Cruz of Robert A.M. Stern Architects. Here are five key takeaways: Wellness technology is popular with the rich. Leipart said he was in a home recently where the owner had a sauna,…