Peg Davant with Premier Sotheby’s International Realty has listed 7712 Sanderling Road, Sarasota, Florida for $7.995 million on Realtor.com for over 199 days.

Each year, Concierge Auctions – the dominant marketplace for buying and selling the world’s finest properties responsible for more than $1 billion in sales – creates the annual “U.S. Luxury Homes Index.” The analysis looks at the 10 highest property sales in 56 high-end markets around the U.S., and according to the research, shows that in every economic condition, days on market are an important consideration for luxury home sellers.

Every Day A Home Sits On Market It Depreciates In Value

“For three years, our research has indicated that the largest factor in determining the price a luxury property will sell for is the number of days that it has been marketed for sale. Every day that a home sits on the market, it depreciates in value,” said Laura Brady, president and founder of Concierge Auctions.“We continue to see that properties either sell quickly for close to their original list price, or they remain on the market for a long period of time and sell for a fraction of this price.”

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Jason Oppenheim of The Oppenheim Group has listed 1707 Rising Glen Road, Los Angeles, California for $9,675,000.

See what agent Jason Oppenheim of The Oppenheim Group is calling, “The most exquisitely conceived single-story estate with city/ocean/canyon views on one of the most sought after streets in the Hills.”

City, Ocean, & Canyon, Oh My!

Yep, you read that right. City, ocean, and canyon VIEWS!!! There are only a few places where you get all three and that my friends is in “the Hills,” the Hollywood Hills – the site of many a reality TV show and one of the most coveted hillside neighborhoods in Los Angeles.

Updates Galore In This New-Century California Modern

According to the listing, “The owner spent more than $4 million to remodel the home for himself, crafting a timeless masterpiece with soaring wood-lined vaulted ceilings, a master bedroom that turns into a movie theater, private library with a working bell-tower clock, master bath with 15 ft. dual-shower and unlacquered brass fixtures, custom sauna, copper outdoor tub, countertops and vanities made from solid steel, custom built and suede-lined walk-in closets, a hidden 85″ living room tv that comes up from a concrete bunker under the house, floating stairs to a wine cellar, a copper/steel custom bar with recessed steel and leather niches, four fireplaces, outdoor BBQ/bar, LED lighting and smart home technology throughout.” Yasssss! Now that is a luxe list of upgrades.

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