China, Brazil and India will likely all be in the top 10 in total households with wealth over $30 million per household within the next decade.
Archive for May, 2011
Households with $30 million or higher wealth
Posted in Los Altos Estate, Luxury Estate, tagged atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Estate, fine estates, Intero Real estate, Los Altos Hills Luxury Estates, Luxury Estates, Silicon Valley Luxury Real estate on May 25, 2011 |
Sinapore – wealthy in 2020
Posted in Los Altos Luxury Estate, Luxury Estate, tagged atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Estate, fine estates, Intero Real Estate Services, Los Altos Hills Luxury Estates, Luxury, Luxury Estates, luxury homes, Silicon Valley Luxury Real estate on May 23, 2011 |
Singapore is likely by 2020 to have the highest percentage of households with a net worth of $30 million US dollars. The percentage of households in Singapore with $30 million or more net worth is expected to be 1.82% of the total households. This percentage is well above other leading countries including Switzerland, Hong Kong and the United States.
Los Altos Real Estate Update 5/20/11
Posted in Los Altos Estate, Los Altos Luxury Estate, Luxury Estate, Real Estate, tagged David Bergman, Home, house, Intero Real estate, Los Altos, Los Altos Downtown, Los Altos Hills Luxury Estates, Los Altos homes for sale, Silicon Valley Luxury Real estate on May 20, 2011 |
Los Altos Real estate update for 5/20/11 from the multiple listing service.
Total Active single family home listings – 67
Total under contract (pending) – 38
Sold (Closed) in the last 30 days – 27. Of those sold the average square footage was 2,637 with an average lot size of 12,887 and an average sale price of $1,837,570.
The average age of those homes is 42 years old. Multiple offers are being received on some homes.
Highest populations of Wealthy
Posted in Los Altos Estate, Los Altos Luxury Estate, Luxury Estate, tagged atherton luxury homes, Bay Area Luxury Estates, David Bergman, Intero, Los Altos Hills Luxury Estates, luxury homes, Silicon Valley Luxury Real estate on May 20, 2011 |
Hong Kong will likely have the highest density of wealthy by 2020 with 47% of the population
holding more than $1 million in wealth – followed by Singapore at 37% and Switzerland with 24%.
Los Altos Hills Real Estate Update 5/17/11
Posted in Los Altos Estate, Luxury Estate, Real Estate, tagged Bay area Estates, Bay Area Luxury Estates, David Bergman, Intero, Los Altos, Los Altos homes for sale, Silicon Valley Home on May 17, 2011 |
Good morning – it is Tuesday morning (May 17th). There are 56 homes for sale in Los Altos Hills on the multiple listing service. Prices range from $1.3 million to just over $20 million dollars. There are 12 properties currently pending (under contract). 9 properties have closed escrow in the last 30 days. Sale prices ranged from $1.45 million to about $3.9 million. Average dollars per square foot for homes in Los Altos Hills varies widely – but you can use $730 as a rough average. Price per square foot is an inaccurate measure for homes in Los Altos Hills – evidence of this is that dollars per square foot ranged from $431 per square foot to $3088 per square foot.
Wealthy in California
Posted in Los Altos Estate, Los Altos Luxury Estate, Luxury Estate, tagged Bay area Estates, Bay Area Luxury Estates, David Bergman, Estate, fine estates, Intero Real Estate Services, Los Altos Hills Luxury Estates, Luxury, Luxury Estates, luxury homes, Silicon Valley Luxury Real estate on May 16, 2011 |
By 2020 43% of the world’s wealth among millionaire households will be in the US –
California will likely have the highest numbers.
Personal Wealth growth in China
Posted in Los Altos Luxury Estate, Luxury Estate, tagged atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Estate, fine estates, Intero, Intero Real estate, Intero Real Estate Services, Los Altos Hills Luxury Estates, Luxury, Luxury Estates, luxury homes, Silicon Valley Luxury Real estate on May 13, 2011 |
China will continue to be the driving force in rate of growth of the wealthy followed by Brazil (emerging market)
and Russia (emerging market). The US and Europe will continue to be the centers of wealth in the next decade.
Wealth will grow in the next decade
Posted in Los Altos Estate, Los Altos Luxury Estate, Luxury Estate, tagged atherton luxury homes, Bay area Estates, Bay Area Luxury Estates, Bay Area Luxury Homes, David Bergman, Intero, Intero Real estate, Intero Real Estate Services, Los Altos Hills Luxury Estates, Luxury, Luxury Estates, luxury homes, Silicon Valley Luxury Real estate on May 10, 2011 |
The next decade is going to show a marked increase in total wealth of millionaire
households- it will grow from $92 trillion this year to $202 trillion in 2020.
