Nestled on the bluffs above the Pacific Ocean, in the sea side community of Carpenteria just south of Santa Barbara, is a home that my son sent me pictures of recently. All elements from the flooring to the lighting are inviting, soothing and work so harmoniously together I wanted to share this piece of someone’s heaven!
Photography by Ciro Coelho. Images by Contemporist.
Ms. Sellers is the chief executive of Christie’s International Real Estate, the New York-based division of the auction house Christie’s. The company has 138 real estate affiliates in 45 countries, including Brown Harris Stevens.
Before joining Christie’s in September 2012, she served as the head of the real estate group at McKinsey & Company, where she was a partner for 14 years.
Interview conducted and condensed by VIVIAN MARINO
Q. How does the New York market factor into the overall business at Christie’s International?
A. There isn’t any one affiliate that is that major a factor, but New York is a very important location for us. A lot of our major transactions are in the New York market. Since I’ve been with Christie’s International Real Estate, our network’s biggest transaction in New York City was through our affiliate Brown Harris Stevens: an $88 million apartment at 15 Central Park West bought by a Russian oligarch in 2012.
Q. Have you added affiliates since you came to the helm?
A. We’ve added 18 affiliates, some of which are in really key areas — from Singapore to Dubai; Monaco; Orange County, Calif.; Honolulu, just to name a few.
As a result of this and as a result of the strength of the luxury market, our growth has been substantial.
Q. How so?
A. In 2013, we had a sales volume of $106 billion. That reflected a 29 percent growth over the previous year of about $82 billion.
Q. What is your forecast for this year?
A. We’re looking for a bigger number.
Q. Your company recently published its second annual study of the global luxury market. Any surprises?
A. The big surprise for us was the velocity of sales. We had no idea that the growth in the luxury market was related to the volume of sales, in particular, rather than the increase of prices. The second big “aha!” to us in our research — and we do all the research ourselves, by the way — was that luxury real estate has no relationship to general housing. It bears a very close relationship to luxury goods, particularly fine art. And if you look at how well the auction house did this past year, it kind of proves the point. Many have multiple pieces of art, and multiple homes.
Q. Are there just more rich people around?
A. There are a lot more rich people, and the rich people have more wealth — this had been in many public reports. But to us, we see three groups driving this.
The first group that everyone hears about is the foreigners. They invest in London and the United States and they do that to have a safe place for their capital, a place where they can eventually live when they want to send their children to school; a place that has ease of access — a lifestyle city.
A second group are the millennials. This is a generation that for the first time is receiving money from their baby-boomer parents or perhaps they were in the tech area and they’ve earned their own money. They’re becoming a noticeable force in the market.
But the third group — the real driver — is the locals. And this is not just focused on New York but all the major cities we’ve looked at. The locals were on the sidelines during the recession and they’ve now come back with their pent-up demand and they’re fueling the growth of the lowest end of the luxury market — $1 million to $5 million — because finances are available and they have confidence.
Q. In the New York market, $1 million isn’t really considered luxury.
A. We actually agree with you. In the New York market, we define luxury as $5 million and above. But for our network globally, we only handle properties starting at $1 million.
Q. So if I wanted to list a home for under $1 million, you wouldn’t market it?
A. Our affiliates may take it, but not under the Christie’s network.
Q. Are you working directly with any big developments?
A. You caught us just before we announced the business — we’re going to be launching it this summer.
One of the new initiatives this year is to create a business in development project marketing. We have three projects under our belt already. The one we are about to launch is in Sardinia; we also have two projects in London.
Q. Where would you like to see the company in the next few years?
A. We have some bold aspirations in the next five to 10 years. First: geographic expansion. We need to be in every major luxury city in the world, and there are still a few that we haven’t yet tackled. There are several in Asia that we’re testing the waters on right now — for example, Tokyo.
I’d like to deepen synergies with the auction house. This year we had the opportunity to market and sell the properties of Huguette Clark. She died, a copper heiress, with four properties in the New York area — three on Fifth Avenue, sold together with our affiliate Brown Harris Stevens — and one in Connecticut. In addition, we sold a lot of the art in the homes, jewelry and in the most recent auction, the Monet “Water Lilies.” So it came full circle: the art and the real estate together. It was a perfect synergy.
I have a few of these Antique Urns in my garden at home and I love the pitted patinas that they develop over time. If you leave them in a shaded area the porous nature of the urn will grow a beautiful green moss on them. Whether you put globes in them or greenery they add a dimension to your landscaping similar to what a sculpture would elicit, a bit of artistry outside. You can also bring them inside and use them to accent your dining room table with Hurricane Lanterns like these shown below. Using a Linen runner on the table under the urns I’d place the Faux Topiary Containers on the table and then scatter small 4 ” Topiary rounds around the display. Finish off with antique glass tea candle holders and you have a terrific table scape with romantic lighting ideal for dining. If you want to add color to the muted tones of the table, small glass vases with the flower of your choice will make the table pop with color.
http://www.potterybarn.com/products/malta-lantern/?cm_src=AutoSchRel
http://www.thefind.com/garden/info-artificial-topiary-balls
Bay area sales volume grew by 7% in May – nowhere near the amounts observed in the previous months when home sales jumped by 30 percent. Still sales growth in our region was decidedly more robust than across the state where it declined by about half a point. Home prices across the region were up 6.9 percent from the beginning of the year.
Napa and San Mateo were the only Bay Area counties to post double digit month over month price gains in May. San Mateo Count prices climbed above $1.1 million overtaking Marin as California’s most expensive county for home buyers.
California Association of Realtors data shows that monthly price gains across the rest of the Bay Area were more moderate. Santa Clara was the only local county where home prices decreased from April to May.
The months’ supply of inventory across the nine county region expanded slightly to 2.5 in May, but the Bay Area real estate market still strongly favors the seller. Buyer demand still far outpaces supply in five of our local counties, which boast the smallest inventory pools in the state. Santa Clara County had the fewest number of homes for sale in California followed by San Mateo and San Francisco counties.
Farmhouse Kitchen by Millbrook Architects & Building Designers Crisp Architects
California’s lengthening drought is focusing new attention on sustainable landscaping, as homeowners try to balance maintaining an attractive yard with the critical need to conserve water.
Sustainable landscaping is much more than simply choosing a desert motif and packing your yard with cacti and succulents. It includes lawn-care practices that are sensitive to the environment while delivering surprising health benefits.
Environmentally friendly landscapes can cool the area around homes and office buildings, reduce air pollution and dust, build healthy soil, reduce runoff and erosion, attract wildlife, and produce oxygen.
The University of California’s Division of Agriculture and Natural Resources website offers urban-landscaping advice, including gardening and irrigation tips, water-wise plants, and a lawn-care guide. Scroll down the Drought Information page and check out the links under its Landscape and Urban section.
Good advice also comes from Planet, a landscaper trade association, which offers the following tips to help homeowners build an outdoor space that can provide both beauty and peace of mind during the drought:
Test your soil: Check the pH level of the soil to ensure that you have a healthy yard. Either have a professional do it or get a test kit from your local agricultural extension office. Plants won’t grow well if the pH balance is off.
Put the right plants in the right places: Place shade plants in shady areas and those that need sun in bright locations. Doing so will create less stress on the plants and help to keep them disease-free.
Use less water: Look for plants and grasses that require less water. Also, water your lawn and garden either early in the morning or late in the day, and water less often but for a longer time.
Build healthy soil: Healthy soil is necessary to grow healthy plants, but it also supports microorganisms and results in plants that are less susceptible to disease and pests. Healthy soil also produces more oxygen, sequesters more carbon, and supports local animals and insects that help keep the ecosystem healthy.
Protect wildlife: By offering animals and birds food, shelter, and water, homeowners can have a large impact in the survival and health of urban wildlife, which studies have shown is adversely affected by development.
Caution with pesticides: Misusing pesticides can harm both people and animals and can taint water supplies. Apply pesticides only as a last result and by follow the directions exactly.
Mow and prune the right way: Correct mowing and pruning can help minimize pesticide, water, and fertilizer use which in turn lessens the chance of polluting the water.
Cut down on stormwater runoff: By preventing stormwater from running off onto neighboring yards, homeowners can help stop flooding, erosion, and water pollution; restock groundwater supplies; and benefit wildlife habitats.
While April median home prices across California and the Bay Area returned to levels not seen since late 2007, they remain well short of pre-recession peaks.
But a different story emerges when comparing historical and recent median prices in our individual Bay Area counties. Indeed, some counties have actually surpassed their precrisis price highs, others are nearly there, and still others have a longer road to recovery.
Whether you’re buying or selling a home in the Bay Area, staying informed on both current and past prices can help you decide when to act. Here’s an analysis, based on California Association of Realtors data, that compares April median single-family home prices across Bay Area counties with their historical highs.
Alameda County – At $718,580 the median price in Alameda County is just 0.5 percent short of its all-time high. The Alameda County median peaked in May 2007 at $722,044.
Contra Costa County – Housing prices in Contra Costa County have been rising steadily since January and reached $755,950 in April. The current median price is 18 percent lower than it was in June 2006, when it topped out at $923,855.
Marin County – Marin is one of just two Bay Area counties where the median home price was higher than the $1 million mark in April. Still, at $1,007,580, the current median is 12 percent below its historical high of $1,149,390, set in June of 2007.
Napa County – The median price in Napa County declined from March to April to land at $523, 150. In August 2006, prices in the county hit $729,166, 28 percent above current levels.
San Francisco County – San Francisco home prices actually reached all-time highs in February 2014 but have since slightly cooled to $940,570. San Francisco is one of two local markets where prices have now surpassed their prerecession highs, currently 0.9 percent higher than they were in May 2007.
San Mateo County – San Mateo County bested its previous peak median in March before falling to $1,001,000 in April. The county median is now 2 percent below its October 2007 precrisis pinnacle of $1,020,000.
Santa Clara County – The median price in Santa Clara County reached $900,000 for the first time ever in April, buoying the market 5 percent above its previous all-time high of $865,000, achieved in October 2007.
Photo: Flickr/Tax Credits)
Pacific Union
Can’t you see yourself having a Friday afternoon cocktail here…..
INTERIOR DESIGN BY JULIE HAYES
LANDSCAPE ARCHITECTURE BY PAUL FIELDS
Photo Max Kim Bee
California Gold…what do you get when you combine quintessentially creative people inspired by some of the most beautiful coastal communities in the world? A network of luxurious retreats thoughtfully designed, peppered with cuisine produced by chefs imaginatively transforming nature’s local produce and succulent meats and fresh fish into innovative plates. So with all this magnificence at our fingertips….a gastronomes road trip is in order! With a variety of culinary and hotel experiences I’ve provided recommendations from Napa to Venice.
Bardessono Resort and Spa
First stop Bardessono in Yountville, awarded one of the Top 10 Hotels in the World in 2014 also has the distinction of being one of the Greenest Luxury Hotels. The resort features lush rooms, indulgent spa treatments and Lucy’s, a phenomenal restaurant serving innovative, garden inspired California cuisine. If you want to venture out, Thomas Kellar’s French Laundry in Yountville is celebrating their 20th year of fine cuisine. The restaurant serves the finest American cuisine with french influences, superbly presented. If it’s a sweet you are craving for breakfast, Bouchon Bakery makes the most scrumptious Brioche Doughnuts.
Wander down the coast to San Francisco’s Historic Presidio. A boutique hotel in Golden Gate National Park, the Inn at the Presidio is the elegantly renovated Pershing Hall. This Georgian Revival style building was the retreat for U. S. Army bachelor officers posted to the Presidio. The Inn features 22 handsomely decorated rooms and suites, nestled amongst hiking and biking trails in one of our most beautiful national parks.
Ten minutes away, in the Old Ferry Building is the Hog Island Oyster Bar for brunch or lunch. Exquisite oysters, shucked to perfection, perfect temperature, jewels of the sea! Must haves: Grilled Cowgirl Creamery Three Cheese Sandwich dunked in their freshly prepared Clam Chowder. Sheer Nirvana!
While in the city, food and fun are found in the colorful environment of The Cavalier Restaurant which opened it’s doors in 2013 by award winning restauranteur Anna Weinberg, James Nicholas and chef Jennifer Puccio. Already deemed one of Zagat’s 2013 Top 25 Restaurants The Cavalier features a terrific English Pub menu. Try the Duck Scotch Eggs.
If it’s old school San Francisco you want then the Cioppino at Tadich’s is the place to go. My favorite is the Petrale Soul but no matter what you order they’ve been preparing this cuisine since 1849. They’ve got it down and the martini’s are terrific too!
Moving down the coast to Carmel, travel up the Carmel Valley to the Bernardus Winery and Spa or nestle down at the Mission Ranch just north of downtown Carmel. No need to travel outside of either of these venues with chefs on staff known for utilizing local seasonal produce and meats the food and wine are exquisite at either venue.
Photo Courtesy of The Mission Ranch
For quintessential elegance, style and luxury the El Encanto in the Riviera section of Santa Barbara is my go to spot. Recently renovated, the resort has been returned to it’s splendor of the 1920’s. The icon was enhanced with the addition of an expansive outdoor swimming pool and beautiful boutique spa. Serene and private the views are spectacular, the food exquisite, no need to leave.
San Ysidro Ranch in Montecito is equally as private and serene with a cottage feeling reminiscent of the Ranch it used to be. Featuring the Stonehouse Restuarant the chef utilizes the regional harvest in their culinary creations. For lunch or brunch you have to go to Jeannine’s. From the Salmon Eggs Benedict to the fresh assortment of Scones for Breakfast she also features a wonderful selection of salads and sandwiches on fresh baked bread. My favorites, Chicken Pesto Sandwich and Quiche. Outdoor dining on Coast Village Road provides sun, people watching and terrific food!
Sand, sea and surf in Ventura features Beach House Tacos. Their best, the California Taco and a locally brewed Paradise Ale. Island Brewing Company.
The Channel Road Inn located in the sea side community of Santa Monica is one of the Four Sisters Inn Group. Blending modern luxuries and sophisticated services this boutique hotel has the traditional amenities and architecture of a B & B. Within bike riding distance to the beach and town, this lovely hotel is situated in the peaceful canyon between Pacific Palisades and Santa Monica.
While in Santa Monica, Pierro Selvaggio’s Valentino restaurant is a “must dine at location”. Voted one of USA Today’s Most Heavenly Restaurants we have been enjoying the welcoming ambiance and cuisine at Valentinos for over 30 years. Pierro is the consummate host and his devotion to his craft is only surpassed by the quality and delectable cuisine he serves. You will leave this restaurant thoroughly pleased with the beauty that life and food have to offer! His passion and dedication are present in every selection.
In Venice, fashionable and fantastic, Chaya Brasserie has a lovely bar and exquisite California grill cuisine and then there is always my favorite, Chinois, Wolfgang Puck’s Chinese cuisine restaurant that has been on Main street serving the best curried oysters for over 20 years. The Salmon with Black and Gold noodles can not be duplicated, I’ve tried. Some things are better left to the experts!
For terrific takeaway food, Gjelina in Venice for Brisket Banh Mi, Chick Pea Kale Stew and Lamb Sausage Pizza. Gjelina is on Abbot Kinney in Venice, chic, posh and artsy this area has gone through a resurgence and is oozing creativity. Bay Cities Deli, the best Italian deli on the West side. Located on Lincoln Blvd in Santa Monica, the best sandwiches around….our family favorite…the Godmother.
The summer Kollar Chocolate Club shipment is ready next week. Not too late to join the fun! Sign up and have a selection of seasonal Kollar Chocolate delivered to your door four times a year! Edible gems of exquisite design and decadence! If you have never tried these beautiful creations they are sumptuous. Not low cal but incredibly satisfying!
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