{"id":456,"date":"2010-11-01T10:45:38","date_gmt":"2010-11-01T15:45:38","guid":{"rendered":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/?p=456"},"modified":"2010-11-01T10:47:01","modified_gmt":"2010-11-01T15:47:01","slug":"luxury-real-esate-market-marthas-vineyard","status":"publish","type":"post","link":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/2010\/11\/luxury-real-esate-market-marthas-vineyard\/","title":{"rendered":"Luxury Real Esate Market, Martha’s Vineyard"},"content":{"rendered":"

The new York Times<\/span><\/span><\/em><\/p>\n

Sunday, October 31, 2010<\/span><\/span><\/p>\n

Square Feet | The 30-Minute Interview<\/span><\/span><\/p>\n

Frederick W. Peters<\/span><\/span><\/p>\n

By VIVIAN MARINO<\/span><\/span><\/p>\n

Published: October 29, 2010<\/span><\/span><\/p>\n

<\/span><\/span>Mr. Peters, 58, is the president of Warburg Realty Partnership<\/span><\/span><\/a>, an independent residential brokerage firm that <\/span><\/span>specializes in luxury property<\/span><\/span>. Warburg is involved in several new developments, including Twenty9th Park Madison, a condominium near Madison Square Park, and 555 Lenox Avenue in Harlem. <\/span><\/span><\/p>\n

The firm will soon be joining the cast of the HGTV show \u201cSelling New York.\u201d<\/span><\/span><\/a><\/span><\/span> <\/span><\/span><\/em><\/strong> <\/span><\/span><\/p>\n

Q How is the luxury market?<\/span><\/em><\/span><\/span><\/strong> <\/span><\/span><\/p>\n

A<\/span><\/span><\/strong> <\/span><\/span>In the ultraluxury marketplace \u2014 $10 million and up \u2014 prices are still off peak but not to the degree that they were 15 months ago. Last year we were 30 to 40 percent off. Today I would say we\u2019re off peak by 15 percent to 20 percent. <\/span><\/span>The lower level of the luxury market \u2014 starting in the low $2 millions \u2014 was very slow for a substantial period of time. Those units are much in demand in the last six months. <\/span><\/span><\/p>\n

Q Wall Street bonuses are expected to rise. Are you getting any inquiries from investment bankers about buying yet?<\/span><\/em><\/span><\/span><\/strong> <\/span><\/span><\/p>\n

A<\/span><\/span><\/strong> We absolutely are. I think we\u2019re seeing it more so than last year at this time, and that\u2019s not only because of the money. <\/span><\/span>Last year there was a sense that it was unseemly to be looking at spending a very substantial amount of money on real estate. I think this year \u2014 even though there\u2019s still some of the sentiment \u2014 that perception has diminished. <\/span><\/span><\/p>\n

Q Is this still a sellers\u2019 market?<\/span><\/em><\/span><\/span><\/strong> <\/span><\/span><\/p>\n

A<\/span><\/span><\/strong> What\u2019s interesting is that both sides feel empowered: the sellers, by the fact that 2010 has not been a really bad year, and the buyers, by the fact that there is still enough negative economic news slowing things down. <\/span><\/span><\/p>\n

The way I like to describe the market we\u2019ve been in for the last year is as a brokers\u2019 market. We\u2019re in a marketplace in which you frequently have a buyer and a seller with a different perspective, and it\u2019s the challenge of the broker to bridge the gap. I like these markets in which our skills are really deployed. <\/span><\/span><\/p>\n

<\/span><\/em><\/span><\/span><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The new York Times Sunday, October 31, 2010 Square Feet | The 30-Minute Interview Frederick W. Peters By VIVIAN MARINO Published: October 29, 2010 Mr. Peters, 58, is the president of Warburg Realty Partnership, an independent residential brokerage firm that specializes in luxury property. Warburg is involved in several new developments, including Twenty9th Park Madison, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/posts\/456"}],"collection":[{"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/comments?post=456"}],"version-history":[{"count":2,"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"predecessor-version":[{"id":458,"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/posts\/456\/revisions\/458"}],"wp:attachment":[{"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/carrollandvincent.com\/marthas-vineyard-real-estate\/index.php\/wp-json\/wp\/v2\/tags?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}