Real Estate Outlook: 2015

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With 2014 behind us, and being well into 2015, the future looks bright in terms of sales at The Greenbrier Sporting Club. 2014 brought over $36 million in total sales volume, putting us 22% ahead of 2013. Existing home sales remained strong at The Club through the end of the year, particularly in the Copeland Hill neighborhood. To date, we are sold out within both Copeland Hill and Old White Cottages on Howard’s Creek neighborhoods.

What we have found as a “trend” in 2014, is that buyers are looking for a place they can call a “home away from home”, according to Greenbrier Sporting Club Associate Broker & Sales Executive, John Weber. “They are also looking for a club to join, with like minded members.” The importance of community is something very high on a client’s list, and The Greenbrier Sporting Club continues to offer that and much more. With 15 neighborhoods to choose from, plus a central hub which is The Members’ Lodge, that sense of community and camaraderie is quickly formed by actively living The Sporting Life. Through backyard gatherings, golf outings, or annual events at The Club, many of our members have built lifelong friendships here. Providing that sense of community is really what The Greenbrier Sporting Club is all about, and is one of the many reasons why we continue to be the most sought after private community in the U.S.

Not only is our community thriving, so is our homesite construction. We are seeing continuous activity, with 11 homes currently under construction and 4 going through the Architectural Review Board (ARB) process. As we look to what 2015 will bring, all signs are pointing to a positive increase in real estate activity, both nationwide and here at The Greenbrier. According to Realtor Magazine, “it is expected that solid growth will occur in 2015, keeping home sales on an upward path.” In fact, The National Association of Realtors (NAR) forecasts “existing-home sales will reach 5.3 million, an increase of almost half a million over 2014.”
It is likely that the expected return of more “sensible” mortgage underwriting standards will contribute to increase in sales for 2015. This change put in place by lenders will help steady the interest rates, with suggestions that it will hover below 5% for most of 2015 according to the Homebuying Institute. If in fact these interest rates “defy expectations and remain close to where they are currently, this will be another boost to housing sales” says NAR Chief Economist Lawrence Yun.

*A reminder that this is simply an educated guess, and in no way is this an exact prediction as to what the results the market will produce this year, or in following years.
Sources: Realtormag.org & Homebuyinginstitute.com

Who’s Who in Luxury Real Estate Convenes in Venice, Italy for the 9th Annual International Symposium

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Official Press Release
Posted by Who’s Who in Luxury Real Estate

WHITE SULPHUR SPRINGS, WV (January 28, 2015) – The 9th Annual Luxury Real Estate International Symposium was held Tuesday, January 20th through Thursday, January 22nd in Venice, Italy at the famous Hotel Danieli. Stuart Penney, entrepreneur and founder of the new British start-up, Moneypenney Digital, was the keynote speaker at the event and spoke on the secrets to making content fly online.

The event brought together the top real estate brokers from all across the United States, Europe and Australia to discuss international real estate trends, digital marketing ideas and insight on pleasing clients in regard to marketing, negotiating and concierge service and more. Symposium attendees participated in several networking opportunities including a speed networking activity that was designed to accelerate business interactions at the event.
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Attending on behalf of The Greenbrier Sporting Club, John Klemish shared a few words on his experience at the symposium: “Attending the LRE Conference in Venice, Italy was an amazing opportunity to meet and learn from the top brokers from around the world. I was honored to be asked to be a speaker during the conference and during my time on the dais I discussed not only the incredible beauty, history and amenities here at The Greenbrier but also solicited referrals. My hope is to convince Luxury Real Estate to hold a future conference here at America’s Resort knowing full well that the brokers will be impressed enough to send their friends and clients here to become part of our incredible family of property owners.”

John Brian Losh, Chairman/Publisher of Luxury Real Estate shares that, “Creating and strengthening connections with fellow high-end real estate professionals is an integral part of being successful in the industry. Our annual events provide members of the network a place to cultivate new ideas and strategies and further expand their international business.”

Symposium attendees experienced Venetian culture during a sightseeing tour to kick off the event as well as on a property tour including some of the most coveted addresses in Venice. The event concluded with a dinner at the renowned Bistrot de Venise. Following the International Symposium is the Luxury Real Estate European Ski Trip that takes place just north of Venice in Canazei, Italy from January 24th – February 1st.

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The GSC Honored with Two Awards at the 19th Annual Luxury Real Estate Conference

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Who’s Who in Luxury Real Estate’s Annual Fall Conference took place from Sunday, October 5th to Wednesday, October 8th in Boston, Massachusetts at The Fairmont Copley Plaza. The Greenbrier Sporting Club was honored with two prestigious awards including the Outstanding Development award, which is given to the Luxury Real Estate member representing an exceptional development, and John Klemish, Adviser to the Chairman and Broker-in-Charge at The Greenbrier Sporting Club, was presented with the Billionaires Club award, which is given to those individuals who have sold at least $1 billion in real estate throughout their successful career.

The Fall Conference is hosted by Luxury Real Estate Chairman/Publisher, John Brian Losh, and is one of four annual invitation-only events that bring together the most prominent luxury brokers from across the globe to discuss current real estate trends. Keynote speakers included Kipp Bodnar of HubSpot, who discussed inbound marketing principles and tactics, and Kermit Baker from the Joint Center for Housing Studies at Harvard University, who shared insight on current housing trends.

Members of the Who’s Who in Luxury Real Estate network participated in expert panel discussions on a diverse range of topics including working with international buyers, the latest technologies to win and market a listing and cultivating your network. More targeted discussions were led by Luxury Real Estate members and partners, including John Klemish of The Greenbrier Sporting Club who shared insight on marketing a lifestyle for resort destinations. Other presentations included negotiating from a number of different perspectives, technology tips to sell more real estate, current findings on Chinese real estate investment, how to find and activate the top 1%ers and tips on growing your business to the next level while keeping a healthy work/life balance.

Winter 2014 Real Estate News

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2013 was another exciting year. Last year brought excellent growth to our community, including 30 real estate transactions (11% increase from 2012) with a total sales volume just over $26 million. The average home price was $1,453,692 and the average homesite was $437,911. Part of this growth can be contributed to three developer-owned model homes built in our Greenbrier Summit Village neighborhood located 3,300 feet atop Greenbrier Mountain.

These three homes, Greenbrier Summit Village 19, 46, and 48 were designed by E.L. Roach Architects and built by The Pinnacle Group, Inc. and are each stunning examples of living at the pinnacle of luxury (no pun intended). John Klemish, Advisor to the President and Broker-in-Charge, states that, “I receive calls from other communities and developers all the time asking me how we do it and why The Greenbrier Sporting Club is so ‘hot.’ I tell them to come take a look as seeing is believing. Once here they all believe. Heck one was so impressed after his tour that he and his wife even bought a house. Now that’s a testimonial! I am already in the planning stages to start three more model houses in the spring of 2014. The future is now and the place is The Greenbrier.”

The Greenbrier Sporting Club already has five real estate transactions on the books for 2014 and despite the bouts of cold weather that Mother Nature has dealt the east coast, we are pleased to see guests taking advantage of The Greenbrier’s Discovery Series themed weekends to experience this lifestyle during our shoulder season.

 

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Above photo courtesy of Mike Wyatt at Greenbrier Photography

Purchases at The Greenbrier Sporting Club Stay Strong for 2010

The sales season at The Greenbrier Sporting Club is winding down as we prepare for the winter, and to date there have been 35 properties that have been purchased or gone to contract in 2010. As the economy begins to recover nationwide, The Greenbrier resort and The Greenbrier Sporting Club continue to offer the best value in resort living.

Our sales team has been hard at work this year. The addition of the Casino Club and the grand success of The Greenbrier Classic dovetailed perfectly into a fall season that found families from around the country purchasing properties at The Greenbrier Sporting Club. In all, over $30 million in real estate purchases were contracted by the end of the year. We continue to see resale closings outpace developer by more than 6 to 1. Since inception of The Greenbrier Sporting Club, there has been over 600 real estate transactions totaling over $460 million and current membership stands at 393 active members, representing over 30 different states and Canada. Needless to say, our community is vibrant and growing, and we look forward to what 2011 will bring!

Greenbrier Sporting Club Shows Strong Sales So Far in 2010


As of Labor Day weekend The Greenbrier Sporting Club has written 25 contracts worth approximately $20 million since the beginning of 2010. While the new casino and The Greenbrier Classic pulled in big numbers of guests and created a lot of enthusiasm for the resort, the market here continued to be one where buyers could find incredible value.

“I feel confident in saying that we sold more high end real estate than any other community in America in 2010,” says John Klemish, Adviser to the President and Broker in Charge. “ When considering the amenities, history, location, proximity to major U.S. cities, new flights into Lewisburg and the deep pockets of the developer, we have no peer in America. To live at The Greenbrier is to live in the lap of luxury.”

Good things continue across the horizon for The Greenbrier and The Greenbrier Sporting Club; with interest rates still at historic lows and real estate prices at 2002 levels, the market continues to be advantageous for buyers. If you’re thinking of buying property at America’s Resort, NOW is the time to buy.