Connecting our Clients to the Lifestyle of their dreams – New Year, New Decade…Let's add some GREEN!

Rather than being instantly propagated by viral memes, most trends gain momentum slowly, sometimes taking years to gain widespread adoption. For kitchens and residences, the first signs of change often surface in concept homes which are often indicators of what’s ahead in the home, design and shelter space.

This year is all about green, and how individuals are incorporating green design and features in to their homes. One of the concept homes built and designed for Design and Construction Week 2019, a ranch in downtown Las Vegas, featured a butler’s pantry/back kitchen that included an appliance designed to grow herbs and microgreens inside the home. Another concept house was developed to promote wellness and included a green wall adjacent to the kitchen to enhance air quality and provided a space to grow fresh food. With grow walls becoming more prominent in the shelter space, we may see this trend make its way from concept homes to high-end kitchens across the globe.

The New Farm to Table

In kitchens today, there is an emphasis on wellness and healthy living that extends beyond simply buying items that are unprocessed, extending to preparation, storage and even in-home food production. All of which gives new meaning to the term “farm to table.”

The tipping point may be well in the future, but a growing interest in organic, fresh and responsibly produced food is expected to create more change in kitchens over the next few years.  It’s easy to see indications in the marketplace already, from concepts at design shows to new appliances. Along with the Urban Cultivator, an undercounter appliance introduced for residences in 2015 that can grow herbs, microgreens, vegetables, and flowers for residences and commercial kitchens, the New American Remodeled Home, showcased at the National Association of Home Builders’ 2019 trade show, featured other opportunities for gardens and growing including fruit trees surrounding the perimeter of a rear yard, turning it into an orchard and an artfully designed chicken coop.

“Wellness is the new luxury,” says Mary Jo Peterson, an award-winning author, educator, designer and president of Mary Jo Peterson, Inc. Wellness might be on the verge of being another overused catchphrase, but Peterson says, “There is genuine concern about the health of food in the kitchen.” 

From Concept to Kitchen

Greenery was very much in evidence at the last EuroCucina, a biannual kitchen trade show in Milan. In part, this is a nod to biophilia, the integration of nature into interiors and designs, but several exhibitors also edged into the food production arena. In a forward-looking exhibit focused on the kitchen of the future, Electrolux featured Air Garden, a ventilation fan that incorporated space to grow herbs. Other exhibits showcased options for open shelving or floating shelves configured for plants. “We all know that plants contribute highly to our wellbeing,” says Stephanie Pierce, director of design and trends at MasterBrand Cabinets, who sees the desire to include kitchen gardens and growing food at home as an important microtrend, but one not driving the mass market.

Consumers are still reticent about the practicality of growing food at home, according to kitchen designers, even though green walls and biophilic design garner quite a bit of interest. “I think it’s a big micro trend, meaning it’s well-known and it’s not something that you have to look very hard to find or to see. But I don’t think it’s widely utilized, because I think there is some reservation from a lot of people about whether they have the capability to grow things,” explains Pierce. 

The Urban Cultivator, which was piloted as a commercial appliance and is used by the Four Seasons and Fairmont hotels as well as Microsoft, Google and Martha Stewart, attempts to bypass these reservations with automatic cycles for watering and grow lights — both integrated into the appliance.

Also emerging is the notion of the Wellness Kitchen, and a green kitchen is only part of the broader vision. “If you want to talk about total design in the kitchen, you have to pay attention to a lot of things including social aspects as well as acoustics, light, water, air quality and other factors”, says Peterson.

In the most forward-looking vision, the Wellness Kitchen completely revises any current notions of cooking and storage, according to Veronica Schreibeis, chair of the Global Wellness Institute’s Wellness Architecture Initiative and a leading proponent of the Wellness Kitchen. Ultimately food storage would incorporate attention to climate and temperature as more space is devoted to dormant and fresh living foods.

Appliance manufacturers are also focusing on better food preservation, according to Peterson, and the desire to keep food at its peak, is fueling innovation. This year, Perlick, a leader in bar and beverage systems, introduced a column refrigerator with an innovative preservation system in four separate, temperature zones that includes humidity monitoring. Unlike traditional models, Perlick electronically monitors the humidity in the produce bin, since produce loses water as it ages. The unit is equipped with the intelligence to push moisture back into the compartment to maintain the freshness of leafy greens and other produce prone to wilting. Additionally, the unit has a filtration system that removes odors and scrubs the air of ethylene gas, which accelerates the ripening of some delicate vegetables.

In some areas of the world, a composting appliance is becoming a must-have for high-end consumers and mainstream manufacturers are beginning to take notice. Two years ago, Whirlpool introduced an appliance that turns a week’s worth of food waste from an average family, including meat and dairy, into fertilizer that can be spread on plants in as little as 24 hours. The countertop-height unit is self-contained and includes an app for remote operations.

Trends for homes often start in the high-end and trickle down, but Peterson sees strong proponents for organic and fresh among Millennials. “It’s a trend that is being absorbed up,” she says.  In itself this might indicate a new path in the world.

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  • Article contributed by Camilla McLaughlin

Connecting our Clients to the Lifestyle of their Dreams – ALLURE OF THE SECOND HOME: WHY AFFLUENT BUYERS ARE DISPLAYING CONFIDENCE IN RESORT MARKETS

The potential market for luxury property has never been bigger.

In our most recent research report, The Allure of the Second Home: Why Affluent Buyers are Displaying Confidence in Resort Markets, we explore the current state of the second home market, as it relates to the affluent consumer, focusing on the top 10% and above income earners in 26 countries, who are in the market to buy or sell a second or vacation home in the next three years.

Who is Considering Buying and Selling?

Buyers, age 40 and younger, are taking over the luxury second home market, but lack the experience of Gen X and Boomers

Luxury second home buyers and sellers have similar demographic profiles in terms of age, geography, education and professional status. As a result, their financial profiles are similar, with the only noticeable difference being that sellers have slightly higher asset levels.

Interestingly, this group has notably high assets for their age. About half of the qualified consumer market is under the age of 40, yet their aspirations for purchase are in the millions of dollars.

For most, this is not their first time purchasing a second home—the average number of residences is over three and 14% own at least five residences currently. Driven not by the Millennial group, but rather by Gen X and Boomers. Of Gen X luxury second home buyers, 17% have more than five homes, along with 19% of Boomers in this buyer group.

Current State of the Resort and Second Home Market

Affluent consumers are in acquisition mode

Those who are in the market to purchase a luxury second home are adding to their portfolio and unlikely to sell their existing second home at the moment—thus there are more buyers than sellers. Interestingly too, this means that sellers are also buyers, but buyers are not necessarily sellers.

LPI_AllureOfTheSecondHome_TotalGlobalAffluent

Buyers show more confidence in the market than sellers. More than half of buyers believe that now is a good time to purchase a second home, while relatively few think it is a good time to sell. As noted previously, these consumers are quite savvy when it comes to homeownership; 76% own two or more properties currently.

LPI_AllureOfTheSecondHome_GlobalWealthTrend

What are Second-Home Buyers Looking for?

Wellness is the New Luxury

Affluent consumers have begun living with wellness in mind and this also influences the second home market. In fact, 96% take at least one aspect of wellness seriously as part of their daily routine. Beyond physical and emotional wellness, which most affluent consumers focus on, luxury buyers are keen to improve their intellectual, social and even spiritual wellness.

Amenities that address these needs are sought by buyers and especially resort and second home buyers because of a growing demand for communities that take a holistic approach to overall wellness.

The Bottom Line

With more buyers than sellers, the demand for second homes is keeping home values high for luxury properties. Younger buyers are becoming more prominent, currently making up nearly half of the market, however, older generations have more experience buying second homes. Multiple residences, as well as customized experiences, including wellness amenities becoming a priority.

Would you like more information – just reach out and let’s chat:  214.769.2142

Want To Sell or Buy a Luxury Home?

If you have a home that you would like to sell for $750,000 or more, then it is considered a Luxury Home. It is critical that you use a qualified Ebby Halliday Realtor agent that is specialized in this kind of sale. The LOPEZ Group partners with Luxury Portfolio International, a website that presents a gallery of the finest luxury properties and brokerages worldwide. “This group collectively has decades of experience in the high-end luxury real estate market.” Luxury Portfolio offers extensive search engines and social media strategies to make sure your listing gets noticed! They also utilize international websites such as www.juwai.com and www.wallstreetjournal.com.

Clients wanting to purchase a Luxury Home are able to find many listings from all over the world by using Luxury Portfolio International. The LOPEZ Group has listings and below are some of our favorites! Just click on the link above to find additional listings from our group.

If you are considering listing your Luxury Home or if you are in the market to purchase a Luxury Home, then let The LOPEZ Group help you! We are qualified and knowledgeable on these types of transactions. We can help you step-by -step through the whole process. Contact us today at 214.769.2142.

The LOPEZ Group

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Global & Luxurious

At The LOPEZ Group, we love to follow international markets as well as our local real estate market. The website Luxury Portfolio International recently published an article called Market Pulse that highlights some of the most luxurious real estate in the hottest markets around the world. There is currently information on New York City, Washington, D.C. and London and more will be published in the coming months. It will show you the highest recorded sale in the month 12 months (For example $42 million dollars in New York City!), prices compared to last year, the price point for the top 10% of inventory, where international buyers are coming from and what they are looking for. Definitely stay tuned to learn more from other global markets!

Did you know that Ebby Halliday, Realtors is the official North Texas member of the Luxury Portfolio International? “Luxury Portfolio International® is the luxury face of Leading Real Estate Companies of the World®, the largest global network of premier locally branded companies dominated by many of the world’s most powerful independent luxury brokerages.” Basically, if you are wanting to buy or sell a property outside of our local market, we have connections all around the globe that we can set you up with.

If you have any questions regarding Luxury Portfolio, don’t hesitate to contact us at 214.769.2142 so I can talk you through it.

Cynthia and Diego Lopez | LOPEZ Group, Ebby Halliday Realtors