LUXURY MARKET T R E N D S
Luxury Luxury Lifestyle Lifestyle
MEETS MEETS
Welcome to summer! In many of the competitive luxury markets, we saw a very busy second quarter with the abundance of springtime activity and an increase in new listings and closed sales. On a monthly basis, the summer season is the time of year when we see more listings coming on the market, and that is true for the luxury markets as well. Many markets will still experience lower levels of inventory at the initial luxury price points, but as a whole, there will be some relief for buyers as new listings continue to increase. If the timing is right, one of our Certified Luxury Home Specialists can help you find the luxury property of your dreams while selection is best. Our Brokers offer the highest level of personal representation as competent, trusted advisors and advocates for our clients. We also leverage our relationships with other brokerages to make sure you have the competitive edge you need to be successful, whether you’re selling or buying a home. To stay up to date on featured listings and luxury market trends, please follow us on our new social media networks exclusively devoted to Exceptional Homes. On, Facebook @JLSexceptionalHomes and on Instagram, @exceptional_homesjls. At John L. Scott Real Estate we believe our clients live exceptional lives, and they deserve Exceptional Homes.
J. Lennox Scott Chairman and CEO John L. Scott Real Estate
G LOBAL NE T W ORK John L. Scott is a founding member of the international organization Leading Real Estate Companies of the World. Together, we outrank all other companies in home sales by volume and through their luxury division, Luxury Portfolio International, we connect affluent buyers and sellers around the world. This exclusive network provides national and international exposure for your home. Only a few companies can provide this level of global exposure and only the top companies can earn membership in this network.
John L. Scott + Leading RE Had $55 Billion More U. S . H O M E S A L E S V O LU M E I N 2017 T H A N O U R C LO S E S T CO M P E T I TO R Source: RealTrends.com
400
n Leading Real Estate
$372
Companies of the World®
n RE/MAX n Keller Williams n Coldwell Banker n Berkshire Hathaway
$317
350
300
Home Services
$298
n Century 21 n Sotheby’s International Realty n ERA n Exit Realty n Realty Executives n Better Homes & Gardens n HomeSmart
$250
250
200
$181
150
$121
$116
100
50
$26
$25
$22
$20 $12
For informational purposes only. Based on available data for average sales units per agent and average sales prices per firm. In compiling this report, LeadingRE relies on third party sources including REAL Trends National Network 2018 Totals Final Report and REALTOR® Magazine 2017 Franchise Report. LeadingRE is not responsible for the accuracy of third party data. Volume shown in billions of dollars.
0
LUXURY MARKET T R E N D S
SECOND QUARTER HIGHLIGHTS
Total Dollar Volume Seattle
+45.3%
896
Number of Sales Eastside
-44.7%
Average Days on Market Snohomish County
Number of Sales Island County
+69.2%
+86.8%
Total Dollar Volume Clark County
On the cover: Offered at $3,880,000 | johnlscott.com/13876
+78.5% Number of Sales South King County
Average Days on Market East Portland
-17.8%
2018 Q2 Luxury Market Trends
Seat tle
Offered at $2,950,000 | johnlscott.com/24878
Q2 2018
Q2 2017
% Change
Number of Sales
607
443
37.00%
Total Dollar Volume
$934,074,846
$643,009,866
45.30%
Average Sales Price
$1,538,838
$1,451,490
6.00%
Median Sales Price
$1,305,000
$1,310,000
-0.40%
Average Days on Market
20
18
11.10%
Sold / List Price %
103.10%
105.30%
-2.10%
Average Price per SQFT
$520
$472
10.00%
Quarter-end inventory
315
214
47.2%
Sold at $1,725,000
The data is for single family residences over $1M in MLS areas 140, 380, 390, 700, 710. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
West Be l l e v ue
Offered at $4,288,000 | johnlscott.com/36700
Q2 2018
Q2 2017
% Change
Number of Sales
106
115
-7.80%
Total Dollar Volume
$307,204,528
$291,546,216
5.40%
Average Sales Price
$2,898,156
$2,535,184
14.30%
Median Sales Price
$2,459,000
$2,200,000
11.80%
Average Days on Market
39
27
44.40%
Sold / List Price %
98.50%
101.10%
-2.50%
Average Price per SQFT
$733
$663
10.50%
Quarter-end inventory
114
86
32.6%
Pending | johnlscott.com/66074
The data is for single family residences over $1M in MLS area 520. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Mer cer Isl a nd
Offered at $3,880,000 | johnlscott.com/13876
Q2 2018
Q2 2017
% Change
Number of Sales
90
105
-14.30%
Total Dollar Volume
$189,783,855
$196,356,573
-3.30%
Average Sales Price
$2,108,710
$1,870,063
12.80%
Median Sales Price
$1,705,000
$1,650,000
3.30%
Average Days on Market
28
25
12.00%
Sold / List Price %
99.80%
101.20%
-1.30%
Average Price per SQFT
$602
$541
11.40%
Quarter-end inventory
77
65
18.5%
Offered at $3,585,000 | johnlscott.com/64152
The data is for single family residences over $1M in MLS area 510. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Ea stside
Offered at $3,500,000 | johnlscott.com/95256
Q2 2018
Q2 2017
% Change
Number of Sales
896
689
30.00%
Total Dollar Volume
$129,821,1307
$963,634,757
34.70%
Average Sales Price
$1,448,897
$1,398,599
3.60%
Median Sales Price
$1,295,000
$1,250,000
3.60%
Average Days on Market
18
22
-18.20%
Sold / List Price %
102.60%
103.20%
-0.50%
Average Price per SQFT
$424
$381
11.20%
Quarter-end inventory
570
563
1.2%
Pending | johnlscott.com/33659
The data is for single family residences over $1M in MLS areas 500, 530, 540, 550, 560, 600. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
King Cou nt y Condo
Sold at $1,200,000
Q2 2018
Q2 2017
% Change
Number of Sales
120
73
64.40%
Total Dollar Volume
$177,198,704
$118,405,438
49.70%
Average Sales Price
$1,476,656
$1,621,992
-9.00%
Median Sales Price
$1,271,000
$1,378,888
-7.80%
Average Days on Market
41
48
-14.60%
Sold / List Price %
98.60%
98.80%
-0.20%
Average Price per SQFT
$767
$760
0.90%
Quarter-end inventory
146
78
87.2%
Pending | johnlscott.com/57173
This data is for condos over $1M in King County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
South King Co un t y
Pending | johnlscott.com/78247
Q2 2018
Q2 2017
% Change
Number of Sales
141
79
78.50%
Total Dollar Volume
$135,962,192
$77,713,792
75.00%
Average Sales Price
$964,271
$983,719
-2.00%
Median Sales Price
$833,300
$877,000
-5.00%
Average Days on Market
50
74
-32.40%
Sold / List Price %
99.80%
98.20%
1.60%
Average Price per SQFT
$268
$253
5.90%
Quarter-end inventory
247
199
24.1%
Offered at $1,350,000 | johnlscott.com/88163
This data is for single family residences over $750K in MLS Areas 100, 110, 120, 130, 300, 310, 320, 330, 340, 350, 360. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Pier ce Co un t y
Offered at $2,495,000 | johnlscott.com/46045
Q2 2018
Q2 2017
% Change
Number of Sales
138
105
31.40%
Total Dollar Volume
$144,763,893
$110,828,894
30.60%
Average Sales Price
$1,049,014
$1,055,513
-0.60%
Median Sales Price
$925,000
$945,000
-2.10%
Average Days on Market
62
84
-26.20%
Sold / List Price %
98.50%
96.30%
2.30%
Average Price per SQFT
$277
$256
8.30%
Quarter-end inventory
280
293
-4.4%
Offered at $1,650,000 | johnlscott.com/11887
This data is for single family residences over $750K in Pierce County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
K itsa p Co unt y
Sold at $1,260,000
Q2 2018
Q2 2017
% Change
Number of Sales
106
98
8.20%
Total Dollar Volume
$117,263,859
$113,411,664
3.40%
Average Sales Price
$1,106,263
$1,157,262
-4.40%
Median Sales Price
$991,500
$962,526
3.00%
Average Days on Market
42
56
-25.00%
Sold / List Price %
100.90%
98.90%
2.00%
Average Price per SQFT
$346
$344
0.60%
Quarter-end inventory
135
150
-10.0%
Offered at $1,250,000 | johnlscott.com/14620
This data is for single family residences over $750K in Kitsap County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Bainbridg e I sl a nd
Offered at $1,195,000 | johnlscott.com/46175
Q2 2018
Q2 2017
% Change
Number of Sales
47
41
14.60%
Total Dollar Volume
$63,254,722
$63,796,868
-0.80%
Average Sales Price
$1,345,845
$1,556,021
-13.50%
Median Sales Price
$1,250,000
$1,305,000
-4.20%
Average Days on Market
36
49
-26.50%
Sold / List Price %
100.70%
98.30%
2.40%
Average Price per SQFT
$393
$400
-1.70%
Quarter-end inventory
38
46
-17.4%
Offered at $1,689,000 | johnlscott.com/74062
The data is for single family residences over $1M in MLS area 170. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WAT ER FR ONT Lake Washington
Q2 2018
Q2 2017
% Change
Number of Sales
27
21
28.60%
Total Dollar Volume
$106,963,305
$73,715,900
45.10%
Average Sales Price
$3,961,604
$3,510,281
12.90%
Median Sales Price
$3,575,000
$3,000,000
19.20%
Average Days on Market
77
57
35.10%
Sold / List Price %
95.30%
98.40%
-3.10%
Average Price per SQFT
$943
$898
5.00%
Quarter-end inventory
50
51
-2.0%
Pending | johnlscott.com/21629
Sold at $1,400,000
Sold on Lake W
Washington
2018 Q2 Luxury Market Trends
Lake Sammamish
Offered at $4,980,000 | johnlscott.com/31990
Q2 2017
% Change
Number of Sales
21
16
31.30%
Total Dollar Volume
$49,141,844
$38,286,800
28.40%
Average Sales Price
$2,340,088
$2,392,925
-2.20%
Median Sales Price
$2,050,000
$2,269,000
-9.70%
Average Days on Market
20
44
-54.50%
Sold / List Price %
98.00%
98.50%
-0.50%
Average Price per SQFT
$595
$578
2.90%
Quarter-end inventory
21
17
23.5%
King County
Pending | johnlscott.com/64893
Q2 2018
Q2 2018
Q2 2017
% Change
Number of Sales
101
77
28.60%
Total Dollar Volume
$264,912,507
$203,308,300
45.10%
Average Sales Price
$2,622,896
$2,640,368
12.90%
Median Sales Price
$2,150,000
$2,336,800
19.20%
Average Days on Market
56
67
35.10%
Sold / List Price %
97.10%
97.30%
-3.10%
Average Price per SQFT
$651
$677
5.00%
Quarter-end inventory
142
161
-11.8%
The data is for waterfront single family residences and condos over $1M. Lake Washington is MLS areas 510, 520, 380, 390, 710. Lake Sammamish is MLS areas 530, 540. Some John L. Scott offices are independently owned and operated.
All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
S nohomish Count y
Sold at $1,020,000
Q2 2018
Q2 2017
% Change
Number of Sales
451
242
86.40%
Total Dollar Volume
$417,373,988
$231,170,418
80.50%
Average Sales Price
$925,441
$955,250
-3.10%
Median Sales Price
$849,000
$882,102
-3.80%
Average Days on Market
21
38
-44.70%
Sold / List Price %
101.50%
100.20%
1.20%
Average Price per SQFT
$291
$274
6.30%
Quarter-end inventory
392
271
44.6%
Offered at $925,000 | johnlscott.com/19333
This data is for single family residences over $750K in Snohomish County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Isl a nd Co u n t y
Pending | johnlscott.com/41333
Q2 2018
Q2 2017
% Change
Number of Sales
44
26
69.20%
Total Dollar Volume
$48,373,050
$30,225,138
60.00%
Average Sales Price
$1,099,388
$1,162,505
-5.40%
Median Sales Price
$947,375
$902,500
5.00%
Average Days on Market
64
88
-27.30%
Sold / List Price %
97.60%
97.40%
0.20%
Average Price per SQFT
$343
$348
-1.60%
Quarter-end inventory
90
99
-9.1%
Offered at $1,689,000 | johnlscott.com/52828
This data is for single family residences over $750K in Island County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Spoka ne Co unt y
Offered at $1,200,000 | johnlscott.com/45965
Q2 2018
Q2 2017
% Change
Number of Sales
34
20
70.00%
Total Dollar Volume
$31,465,900
$17,690,000
77.90%
Average Sales Price
$925,468
$884,500
4.60%
Median Sales Price
$832,500
$827,500
0.60%
Average Days on Market
83
77
7.80%
Sold / List Price %
95.70%
94.60%
1.10%
Average Price per SQFT
$213
$174
22.40%
Quarter-end inventory
136
89
52.8%
Offered at $1,175,000 | johnlscott.com/17375
This data is for single family residences over $750K in Spokane County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
K ootenai Co un t y
Offered at $1,500,000 | johnlscott.com/47561
Q2 2018
Q2 2017
% Change
Number of Sales
47
36
30.60%
Total Dollar Volume
$59,345,515
$39,918,719
48.70%
Average Sales Price
$1,262,671
$1,108,853
13.90%
Median Sales Price
$995,000
$884,500
12.50%
Average Days on Market
91
71
28.20%
Sold / List Price %
94.80%
94.40%
0.40%
Average Price per SQFT
$299
$276
8.30%
Offered at $1,500,000 | johnlscott.com/47561
This data is for single family residences over $750K in Kootenai County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
C l a r k Co un t y
Offered at $899,000 | johnlscott.com/40844
Q2 2018
Q2 2017
% Change
Number of Sales
88
43
104.70%
Total Dollar Volume
$82,918,554
$44,390,366
86.80%
Average Sales Price
$942,256
$1,032,334
-8.70%
Median Sales Price
$837,500
$895,000
-6.40%
Average Days on Market
82
104
-21.20%
Sold / List Price %
95.70%
97.00%
-1.30%
Average Price per SQFT
$220
$226
-2.70%
Quarter-end inventory
246
160
53.8%
Offered at $975,000 | johnlscott.com/38445
This data is for single family residences over $750K in Clark County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Ea st Portl a nd
Pending | johnlscott.com/59538
Q2 2018
Q2 2017
% Change
Number of Sales
211
179
17.90%
Total Dollar Volume
$298,808,469
$255,339,647
17.00%
Average Sales Price
$1,416,154
$1,426,478
-0.70%
Median Sales Price
$1,269,000
$1,250,000
1.50%
Average Days on Market
60
73
-17.80%
Sold / List Price %
98.00%
97.40%
0.60%
Average Price per SQFT
$337
$331
2.00%
Quarter-end inventory
505
412
22.6%
Offered at $1,050,000 | johnlscott.com/17270
This data is for single family residences over $1M in Clackamas and Multnomah Counties. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Wes t Portl a nd
Pending | johnlscott.com/27212
Q2 2018
Q2 2017
% Change
Number of Sales
36
20
80.00%
Total Dollar Volume
$45,278,650
$28,201,990
60.60%
Average Sales Price
$1,257,740
$1,410,100
-10.80%
Median Sales Price
$1,205,000
$1,164,500
3.50%
Average Days on Market
77
77
0.00%
Sold / List Price %
97.80%
94.30%
3.60%
Average Price per SQFT
$298
$286
4.20%
Quarter-end inventory
80
90
-11.1%
Offered at $1,200,000 | johnlscott.com/37523
This data is for single family residences over $1M in Columbia and Washington Counties. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Be nd
Offered at $2,600,000 | johnlscott.com/46757
Q2 2018
Q2 2017
% Change
Number of Sales
74
50
48.00%
Total Dollar Volume
$95,662,278
$66,155,660
44.60%
Average Sales Price
$1,292,733
$1,323,113
-2.30%
Median Sales Price
$1,137,500
$1,182,500
-3.80%
Average Days on Market
132
142
-7.00%
Sold / List Price %
97.20%
96.50%
0.80%
Average Price per SQFT
$317
$333
-4.60%
Quarter-end inventory
354
190
86.3%
Offered at $989,000 | johnlscott.com/16862
This data is for single family residences over $900K in Bend, OR. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
Ja ck son Co un t y
Offered at $1,250,000 | johnlscott.com/47279
Q2 2018
Q2 2017
% Change
Number of Sales
19
13
46.20%
Total Dollar Volume
$22,812,500
$19,532,540
16.80%
Average Sales Price
$1,200,658
$1,502,503
-20.10%
Median Sales Price
$1,080,000
$1,350,000
-20.00%
Average Days on Market
223
118
89.00%
Sold / List Price %
94.70%
92.40%
2.50%
Average Price per SQFT
$279
$341
-18.20%
Quarter-end inventory
212
103
105.8%
Offered at $1,295,000 | johnlscott.com/50530
This data is for single family residences over $900K in Jackson County. Some John L. Scott offices are independently owned and operated. All reports presented are based on data supplied by the NWMLS, RMLS, Spokane MLS, and the Central Oregon MLS. Neither the Associations nor the MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Associations or the MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
2018 Q2 Luxury Market Trends
EXPLORING CREATIVE EXPERIENCES AND DEVICES reflects the essence of luxury and staying abreast of the most interesting and exclusive innovations around the world is essential to a luxury lifestyle. We have gathered the following collection of trends that showcase some of our favorite products and pursuits that encourage and cater to a life well lived.
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Tree Hotel
Tree Hotel, an experiential lodging company based in the small town of Harads, Sweden, offers a unique experience for those seeking a hotel stay like none other. The owners of Tree Hotel have worked with some of Scandinavia’s leading architects to create “tree rooms” that are suspended 4–6 meters above ground within the nearby forest, each with its own distinctive story or theme. Guests can choose from seven tree rooms to stay in, including an extra-terrestrial themed UFO tree room or the polished Mirrorcube, which reflects the beautiful forest scenery. treehotel.se
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LuxeTrends® provided by Luxury Portfolio International.
2018 Q2 Luxury Market Trends
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Eleven James
Created based on the philosophy that luxury should be fun and elegant, Eleven James houses beautiful, high-end timepieces without forcing customers to commit to one major purchase. The company’s unique membership structure allows participants to pay a monthly fee to lease watches from luxury brands like Rolex, Cartier and more. Eleven James offers watches for both men and women with memberships starting at $150/per month and extending to $500/per month. In addition to their list of services for members, Eleven James can also facilitate the buying process if a member comes across a rented timepiece that they would like to add to their own personal collection. elevenjames.com
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SkyTrak Golf Simulator Platinum Studio
Improve your backswing at home with your own golf simulation studio. Winner of the 2017 Golf Digest Editor’s Choice Award, SkyTrak Golf Simulator Platinum Studio is designed to provide golfers with accurate shot data away from the golf course. The system pairs the technology of the SkyTrak Launch Monitor with a net, screen and net return mount to create an interactive studio simulation package for both professional and novice golfers. rainorshinegolf.com
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Salamander Jumpseat Ottoman
Aptly called “the spare that’s always there,” the Salamander Jumpseat Ottoman is a stylish and convenient fixture for cluttered rooms and tight spaces. Ideal for tiny homes and apartments, the convertible ottoman unfolds into a home theater chair with a backrest, padded seat and a cup holder, providing extra seating for guests. This innovative piece of furniture can be used in nearly every room and is available in various shades of velluto fabric and premium leather to go with nearly any color scheme. salamanderdesigns.com
2018 Q2 Luxury Market Trends
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Super Cold Treatment
Cold treatments have been used for centuries to cure sleeping disorders, skin diseases and much more. Haikko Manor Conference & Spa in Finland is reviving this practice by offering the chilling Super Cold Treatment as a spa experience for guests. To begin the treatment, participants wear a bathing suit accompanied by warm headgear, mittens, socks and felt footwear. Depending on the treatment target, participants sit in the cryo-cabin between 1–3 minutes and enjoy a truly invigorating experience at a frigid -120°C. After completing the cold treatment, guests receive a commemorative diploma to remember the refreshing experience. haikko.fi
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Oura Ring
The Oura Ring tracks physical activity throughout the day to analyze how daily behaviors effect sleep patterns. The ring is designed to be worn all day and tracks the wearer’s steps, distance traveled and calories burned. All of this data is in an online dashboard or in their smartphone app. The app helps users understand how to adjust daily activities to perform better during the day and have a better night’s sleep. Both functional and fashionable, the new sleek design of the standard Oura Ring comes in three distinct designs: the Heritage, the Balance and the ultra-luxe Balance Diamond, if you’re looking for a little sparkle. ouraring.com
2018 Q2 Luxury Market Trends
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The Oberoi Zahra, Luxury Nile Cruiser, Egypt
Oberoi Hotels & Resorts offers a seven-day luxury cruise from Luxor to Aswan, which allows guests the opportunity to explore 5,000 years of Egyptian culture while cruising down the river Nile. Aboard the cruiser, Egyptologists provide guests with in-depth information on Egypt’s rich history and notable landmarks. During their stay, guests can enjoy panoramic views from luxury suites and indulgent amenities, including a full-service spa, theater, library and cigar lounge, along with a selection of Egyptian and international cuisine. oberoihotels.com
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Aston Martin AM37 yacht
Described as “the ultimate day boat,” the AM37 combines remarkable design and innovative technology. Created by high-end English car maker Aston Martin and handcrafted by Quintessence Yachts, the AM37 is a 37-foot-long yacht made of 3,500 unique parts. The day boat is available in two variations: the “Grand Turismo,” which is a leisure power boat, or the more extreme AM37S, which hosts high-powered petrol engines that can reach speeds up to roughly 57 mph. Combining bespoke craftsmanship and cutting-edge technology, the AM37 is a remarkable yacht designed for the most discerning buyer. For more information on the AM37 email Quintessence Yachts and mention code “LP VIP” to ensure VIP service. quintessenceyachts.com
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