$1.5BN OF THE WORLD’S BEST HOMES

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INTERVIEW | BILL DOLBY Bill Dolby, Villa www.billdolbyrealestate.com Bill Dolby Bill Dolby of Villa is a veteran of the Californian real estate market. Brought up in the Emerald Bay area he has extensive hands-on knowledge of the property market here and also represents one of the finest waterfront homes currently for sale in California Can you describe the activity levels at the top end of the market in Emerald Bay (for 2014) The market continues to be quite active in the private beach community in Emerald Bay. The available inventory is in the normal range relative to historic data. The sales pace is on par with 2013 to date within the community. Are price levels at the top of the market above prerecession levels yet Various properties in Emerald Bay that have sold are approaching the pre-recession price points. Are your Ultra Prime ($10m+) sales driven mainly by domestic buyers or are foreign buyers influencing the market The majority of sales are domestic buyers within Emerald Bay. How much of an influence does the 'safe-haven' factor have on the property market there The property is 156 Emerald Bay on the oceanfront of the Emerald Bay beach. It has been owned by the same family for 5 generations. The property has its own private beach cabana (pictured below) on the sand which is unique along the southern California Coast. It is one of the finest oceanfront properties offered on the water in Southern California. The price is $34,000,000. How has the marketing of properties at the top end of the market changed over the course of your career and how much of an impact has the internet and social media had on what is still a very personal business The internet is a very powerful tool and is extremely effective in the arena of real estate marketing today. The outreach is worldwide and when effectively used is a valuable tool for marketing high value properties. Once engaged with potential buyers, personal knowledge of the relevant real estate in the area and relationship building is still the most important part of the process I think buyers have seen the historic statistics that indicate very “safe harbor” real estate placement of monies so they are very confident in the area to invest and live. How much has the top end of the market changed since you've been a realtor Prices have gone up significantly in the 25+ years I have been in the business. The buyers are far more affluent from the days of the beach community being an upper income working class neighborhood. Could you tell us a little more about your most interesting [and expensive] listing. 54 Feb 2015
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THE WORLD’S ULTRA PRIME PROPERTIE
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$1.5BN OF THE WORLD’S BEST HOMES

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