Here’s a press release from our Intero corporate office about our high-end luxury listings and how we handle them. Call Team Patereau about your luxury property. We’re trained and ready!
Multiple luxury homes sold over the holidays through Intero Real Estate’s luxury division.
CUPERTINO, CALIFORNIA (January 27, 2013) –The holidays are traditionally a quiet time for buyers and sellers of luxury homes, but Intero Real Estate Services found different this season closing on several Prestigio listings recently. Intero’s luxury property marketing program, Intero Prestigio has been in effect since last March and has definitely seen much success in its first year. “Case in point, year over year through November, Intero registered an increase of 73% of listings sold over $1.5M, the entry level to tier 1 of the Prestigio program,” says Alain Pinel, Senior Vice President/General Manager Intero Prestigio international. “It’s been a strong year for the luxury market and we’re looking forward to 2013 being even better,” says Gino Blefari, President and CEO of Intero Real Estate Services. “The Prestigio program has helped us to make our mark in the high-end.”
Four of the most notable homes sold included 16350 Matilija Drive. Located in Los Gatos, the property is a modern architectural masterpiece. Sold for $6,500,000, the home includes a breathtaking view of San Jose to San Francisco through its floor to ceiling windows.
The second home, listed by Cathy Jackson of Intero’s Los Gatos office and Karen Black of Intero’s Willow Glen office, sold for $6,000,000. 221 Jackson Street located in Los Gatos is approximately 10,700 square feet of Mediterranean charm on a 1.7 acre lot. The property includes an electronically gated entrance, 3 car garage, wine cellar, exercise room, mahogany paneled library, and cabana.
The third property at 1171 Ruth Drive was also listed by Cathy Jackson of Intero’s Los Gatos office alongside Kris Myers of Intero’s Willow Glen office. The property which is located in San Jose’s extremely desirable Willow Glen neighborhood sold for $1,550,000. Custom built, the home is full of exquisite details including beautiful flooring, high ceilings, and extensive molding with quality finishes.
The fourth home of mention closed in the beginning of January to kick start 2013. 388 Marich Way located in Los Altos sold for $2,416,000 by Dominic Nicoli of the Intero Los Altos office. This custom Mediterranean style home was built in 2005 with every detail considered. A 5 bedroom, 4.5 bathroom home with approximately 4,345 square feet on an approximate 10,200 square foot lot, features an enchanting courtyard, beautiful marble staircase, gourmet kitchen, luxurious master retreat and three courtyard terraces.
When asked about her experience with the Prestigio program, Cathy Jackson states, “It’s quite amazing what [agents] can take advantage of through the Prestigio program. The broad marketing plan, which includes extensive international exposure, was definitely a factor in our ability to sell quickly. Having everything outlined from the beginning helped to keep our clients in the loop regarding what marketing was taking place when. Intero agents are lucky to have this unique program to take advantage of.”
To see more homes like these and learn more about Intero Prestigio visit
www.interoprestigio.com.
FHA will increase its annual mortgage insurance premium (MIP) for most new mortgages by 10 basis points or by 0.10 percent. FHA will increase premiums on jumbo mortgages ($625,500 or larger) by 5 basis points or 0.05 percent, to the maximum authorized annual mortgage insurance premium. These premium increases exclude certain streamline refinance transactions.
