Pristine and serene are words that best describe one of the most beautiful lakes in America. Yet, Lake Couer d’Alene in Idaho is just one of 13 magnificent lakes in a mountainous region that includes the towns of Coeur d’Alene, Sandpoint and Hayden Lake. With 5 ski resorts within a short drive of these towns, the area is steadily gaining a reputation for quality of life that is unsurpassed, especially if you enjoy a full range of winter and summer recreational sports.  Located just 30 minutes from Spokane International Airport, the Coeur d’Alene area is not just a destination for vacationers it is a great place to retire or simply call home.

The scenic beauty in the Coeur d’Alene area is absolutely stunning. In fact, Sandpoint was recently named the most beautiful small town in American by USA Today and Rand McNally. Cheri Hyiatt says, “There isn’t a day that goes by that I look outside and something catches my breath. The people are beautiful here, too. There is a real sense of community with people who have a passion for life”.

Karen  Corcoran states,  “As a resort destination, the combination of mountains and lakes in the Coeur d’Alene area has a similar feel to Lake Tahoe in California”. Downtown Coeur d’Alene is a cross between the quaintness of Carmel and the beauty Tahoe. Living here feels like you are perpetually on vacation. The people are genuinely friendly. It started out as more of a retirement community.  But, now it has become more family oriented”.

According to Jan Keener, “Coeur d’Alene Lake is about 28 miles long with over 200 miles of shoreline. If you own a dockside home on the lake you can boat into town. There are wonderful restaurants right on the lake”.

Natalie Leatherman points this out: “One big difference between our area and the alpine resorts of California or Colorado is the lower altitude. You can comfortably go swimming in our lakes and rivers because they are much warmer in the summertime. With warm water and an average temperature of 85 degrees in summer months, boating, waterskiing, jet skiing, river rafting, and fly fishing become that much more enjoyable”.

Bob Schmand adds, “There are no mosquitoes and no poisonous snakes in the area which makes camping and hiking more fun. Golf is also very popular here. The Blackrock Golf Club in nearby Hayden Lake was first made famous by singer/actor Bing Crosby who grew up in Spokane.  The Crosby family still has a home there”.

Coming from a wonderful area in Southern California, Pam Jank can appreciate why people want to move to Coeur d’Alene. She says, “We live where you vacation especially if you are into recreational sports. We even play golf in the winter, “mukluk golf” that is! With snow shoes and tennis balls, we have a great time. People spend less time on freeways and more time doing things like this together here”.

Cindy Bond puts it this way: “Why not live where you can play?  The Coeur d’Alene area is the perfect scenario for those who are looking to get out of a metropolitan area, enjoy their hobbies and interests in great weather and in a safe community. The people who move to Coeur d’Alene as full time residents and those who purchase a second home are focused on enriching their lives. And, they bring the best of where they came from which enriches us all here”.

“One of the best features about living in Coeur d’Alene, according to John Beutler, is the variety of natural and cultural experiences available to you, plus the convenience of being close to a major city. While you are only ten minutes from the national forest you can reach Spokane, a metropolis of 500,000 people, in a half hour”.  Bill Fanning says, “For retirees a big concern about resort living is access to top medical facilities. Spokane has the biggest medical center between Minneapolis and Seattle”.

According to Sarah Mitchell, “The natural beauty of our area attracts artists and we do have a strong local art community.  It is like you ‘live in a painting’. We have ‘art walks’ in both Sandpoint and Coeur d’Alene where the galleries stay open at night. We have art in public places, too. You may find a statue of a moose or a bicycle rack that resembles a fork and spoon. There is a very cosmopolitan feeling; I find that people in general here are well read and well traveled”.

What Christy & Randy Oetken appreciate the most about living in Coeur d’Alene is this:  “Simplicity of life!  People in our community are ready to help each other. It is simply less stressful to live here”. 

This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

So much attention has been paid to get website visitors to find you, but what is going to keep them on your site and keep them coming back so you can capture their leads? In marketing luxury real estate online your website should give the visitor a strong level of confidence that you are the expert, the authority in your field.  Visitors should feel like they do not need to look any further once they have discovered your site because they have found the most authoritative website in your marketplace or the niche in which you focus.

"Authoritativeness” is also one of the criteria used by Google in the page ranking system. They simply want to match the user with the expert who can best answer the user’s query.  The more the user is satisfied with the answers the more often they will come back to Google for search, and that means more eyeballs for the ads they sell.

Here are 7 components that comprise a successful authoritative website:

1. An interactive “brochure” about you or your company that gives an immediate positive first impression.   Your portfolio of sold homes, especially if it is extensive, can quickly establish your authoritativeness.
2. A strong marketing message in words and graphics that instantly sets you apart from your competition and demonstrates that you are the expert
3. A  user- friendly self-service environment that is easy to navigate
4. A window to the lifestyle of your marketplace
5. Original content, content that no one else has
6. Content beyond just real estate information that offers compelling reasons to keep coming back to your site, especially for local visitors, those who are not currently in the market to buy or sell. These are your potential referral sources beyond just your immediate sphere of influence
7.  Remarkable content that sparks word-of-mouth advertising and builds an audience of raving fans.

If market leadership is your quest, building the most authoritative website in your marketplace or niche therein is of paramount importance.  But, website visitors are becoming savvier.  If you do not instantly differentiate yourself or your company from your competition and offer original content that is engaging your chances of capturing the all important lead is reduced significantly.  

 This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

You may have heard the phrase, “sticky website” bandied about.   It has to do with the time a website visitor says on your website during a given visit.  The stickier the site the more time they spend there and the more chance you have for capturing their lead which is important if you want to gain or sustain market leadership as a luxury real estate marketing professional. But, is there point where providing too much information is detrimental to your success?

Content rich websites are sticky to the extent they offer compelling information.  But, how much information should you provide? It is possible to overwhelm your visitor with too much content.  The key is to find the best balance for your target market.  Compelling information is important, but compelling them to reach for more by contacting you is even more important. 

Get the idea of feeling satiated after a good meal at a fine restaurant. Any more food beyond that point is an overdose.  Now, get the idea of how you felt when the waiter brought you the dessert menu and offered you a choice of coffee or an after dinner drink.  You were not satiated, yet.  The meal was awesome up to that point and you wanted just a bit more. That is the point you want to achieve in terms of the amount of information on your website.

If you are a Monty Python fan you may have seen the film, “The Meaning of Life”. There is a scene in a French restaurant with an enormous man, Mr. Creosote, who is a glutton. The waiter offers him “one more petit four” and he literally explodes. 

Think of Mr. Creosote, when it comes to de-cluttering your website and finding just the right balance of information that keeps your visitors hungry for more.  That is an important factor to consider for a luxury real estate website, if you want to capture more leads.

  This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

As a luxury real estate marketing professional you can distinguish yourself from the competition with a great slogan.  The slogan is effective when you can distill in a few words the essence of your brand.  How are you distinct from your competition?

In the highly competitive world of auto insurance, there are many slogans.  One company is expressing its unique promise of value using this slogan:  “Like a good neighbor, State Farm is there.”  Here is Mercury Auto Insurance’s slogan: “It takes more than a good neighbor to save you money!”

State Farm is promising neighborly personal service when you have a claim.  That is nice. Isn’t that what is expected from any insurance company?  Mercury Auto Insurance is saying that they are not just a good neighbor, they also save you money. Being a good neighbor is important, but isn’t it more important to save you money?   

In the smaller competitive world of Farmers’ Markets in Central and Southern California, one of the growers has this slogan, “No baloney just vegetables”. In a venue full of organic vegetables, fruit, etc, this has no validity except for expressing a sense of humor.  

A slogan has to be so compelling that in an instant it can communicate its value.  In women’s shoes Donald Pliner has a slogan which distinguishes his brand from other shoes made in Italy:  “Made in the Mountains of Italy”, which evokes an instant emotional response:  the notion of craftsmanship and attention to detail in a small town rather than in an industrial city such as Milan.

What is great about all the slogans mentioned here is the brevity of their communication.  The key is getting the entire value proposition condensed into just a few words.  That is the art of slogan writing which is what we strive in our strategic branding practice.

   This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

Reported by the Wall Street Journal, Aerosmith lead singer and American Idol judge, Steven Tyler, bought an oceanfront home on the exclusive South Maui coast. Makena is also said to have other notable owners from the entertainment world such as Jennifer Aniston, and Clint Eastwood and Oprah, and from the financial luminaries including Paypal co-founder Peter Thiel.

Mr. Tyler's new abode is 2 bedroom / 3.5 bathroom Makena home on 1/4 acre, which was originally offered at $6.495M but sold for $4.8M (one of the best values in Makena real estate). Featuring over 3,000 square feet of interior space boasting a floor-to-ceiling aquarium, the interior is seemlessly paired with 1,400 square feet of covered outdoor living space, showcasing a very distinctive 'Old Hawaii' feel to it reminiscent of Hawaii's rich history. A salt-water pool overlooking the ocean provides the ideal setting for outdoor entertaining and relaxation. It also enjoys a very unique location on a promontory, surrounding the property on 3 sides by the ocean.

For the fortunate few qualified buyers who are interested in enjoying a life of luxury in the ultimate island setting, the Makena and Wailea real estate will offer among the best options in the world.

This blog post was contributed by Alex Cortez, a Realtor with Island Sotheby’s International Realty, specializing in Wailea Luxury Condominiums.

One of the best venues to understand the marketing arena is by watching the Super Bowl.  The Super Bowl reaches over 90 million viewers, and   the advertisers’ intent is to generate “buzz”, and to firmly establish their position in the marketplace.  As luxury real estate marketing and brand strategy consultants, we pay close attention to how luxury purveyors are differentiating themselves in their arena.

Luxury car makers such as BMW, Mercedes-Benz, Lexus, and now Audi are competing for eyeballs during the time outs of the most watched football events of the year.  In 2011, Audi clearly wanted to continue establishing itself as the “new” luxury car.  Its message was, “escape the confines of luxury.”  It showed wealthy people imprisoned (prison with gold bars) by their old standards of a chauffeur driven Mercedes and listening to Kenny G.  This commercial translated into measurable post game sales.

This year Audi has turned to vampires. In its commercial, a vampire driving his Audi S7 on his way to join his vampire friends drinking blood cocktails in the woods around a bonfire. As he approaches the grounds, he eliminates all his buddies because of the powerful LED headlights.  These lights are according to Audi the closest to daylight.

Check out the Audi Super Bowl Commercial here: http://www.youtube.com/watch?v=lw9ZeXB2uKs&feature=player_embedded

Here is what Andrew Lipman, communications manager of Audi had to say about this commercial, “Audi’s upcoming spot puts Audi signature LEDs up against the focal point of today’s most ubiquitous pop culture craze: vampires. As the most-viewed television program of the year, the Super Bowl is one of the best platforms to showcase a brand’s creativity and voice. The S7 is the epitome of luxury.”

 As viewed by Ron Schott, senior strategist at Spring Creek Group, Seattle. “I think this latest campaign is definitely a way for Audi to actually get a little closer with the average consumer during Super Bowl time, I really don’t think it portrays Audi as luxurious .”

This commercial is humorous and entertaining.  However, it does not communicate with the luxury consumer whose interest in vampires is minimal, and who is definitely not the average consumer.  Will the luxury buyer buy the epitome of luxury to kill vampires? 

This is a clear case of competing on features rather than differentiating yourself from the competition.  Mercedes already has LED lights around its headlights.  LED lights are not a unique feature, and installing enough of them to mimic daylight is not a differentiator.

As luxury real estate marketing professionals it is important not to depart to stay the course of your position (stay in your niche), and to compete on your fundamental difference (not features) in the marketplace.

   This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

Actor-director Clint Eastwood once was the mayor of Carmel. Edward Weston and Ansel Adams, two of the most innovative and influential 20th century American photographers lived here. Each of these men are considered true masters in their own right and faithfully represent the rich artistic history that is at the core of Carmel-by the Sea, the center point of  California’s North Central Coast.

Over the years, the natural beauty of the area has inspired poets, writers, painters, and architects alike. Mike Canning, who represents Carmel's legendary Butterfly House, says, “It is one of only 5 true oceanfront properties in Carmel.  The home, designed by Frank Wynkoop, is anchored directly into the rocky shoreline and has panoramic views from Point Lobos to Pebble Beach. Captivating Carmel residents and tourists for decades, this oceanfront architectural landmark exceeds unique”.

According to Peter Butler, “Some of California’s finest architect-designed homes can be found in the Carmel-Pebble Beach area.  The homes are beautiful here and the lifestyle is casual, yet cosmopolitan. You can get just about anywhere in the area in 15 minutes. People live here because they choose to, not because they have to. As a second home market, properties tend to hold their values because there is a finite supply and a strong demand”.

Judie Profeta says, “One of the most enchanting aspects of the area is the diversity of people, topography and the compactness of the area. Highly accomplished people live here; they have come to Carmel, to Monterey or Pebble beach to relax and live the life they have worked very hard for.  The natural beauty is stunning. Cultural events are also plentiful, such as theatre, the famous Monterey Jazz Festival, the Bach Festival, and Concours d'Elegance, the world renowned auto show that features classic cars”.

Judie Profeta says, “One of the most enchanting aspects of the area is the diversity of people, topography and the compactness of the area. Highly accomplished people live here; they have come to Carmel, to Monterey or Pebble beach to relax and live the life they have worked very hard for.  The natural beauty is stunning. Cultural events are also plentiful, such as theatre, the famous Monterey Jazz Festival, the Bach Festival, and Concours d'Elegance, the world renowned auto show that features classic cars”. 

For those who seek the seclusion of a rural retreat, there are two magnificent master planned communities just a few miles outside of town:  Tehama (above Carmel) and Monterra (above Monterey). According to Mike Jashinski <http://www.mikejashinski.com> , who specializes in selling property in these exclusive enclaves, "Tehama is a Native American word that means ‘abundance of nature’. Guided by Clint Eastwood's vision of sustainable development, Tehama has preserved more than 85% of its land as pristine open space. With gated private access to its 2000 acres of rolling hill country, residents of just 90 estate lots, ranging from 4 to 17 acres can enjoy a social-fitness membership (fitness center, tennis, swimming and dining, included with purchase) and private membership (by invitation only) at the Tehama Golf Club, featuring an 18 hole championship course designed by Jay Moorish”. 

   Tim Allen, who specializes in oceanfront and ocean view homes, explains that “Carmel and Pebble Beach are natural second home or retirement home markets for nearby Silicon Valley residents as well as for San Franciscans who are only 120 miles away. Our world class golf is a major draw”. Pebble Beach Golf Links is the most famous course in the Western United States, and the only course which has ever beaten Pine Valley Golf Club for the top spot in Golf Digest's biennial list of America's 100 greatest. 

  Judy Midgely adds, “The Links at Spanish Bay evokes the original Scottish concept for the game of golf that was established over 500 years ago. The Monterey coastline is very rugged like the natural beauty of Scotland. Every evening the bagpiper closes the course in true Scottish tradition. It is pleasant to sit on your front porch and just listen even if you are not playing golf”. 

  Molly McGee says, “The town of Carmel has a very special charm. Every day seems like a vacation. The shopping, art galleries, and the food and wine scene here is terrific. Carmel is an amazing place to meet people from all over the world.”

 This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

In our home town of Santa Barbara, California we are extremely fortunate to be able to shop year-round at outdoor farmers’ markets five days a week (except for relatively few rainy days). It is one of the many amenities that contribute to the quality of life here. To participate, all of the farmers’ produce must be certified organic.

In our local supermarkets and specialty markets like our favorite, Trader Joe’s, you usually have a choice between organic and non organic produce.  Organic is usually more expensive.  Given the price differential, you could say that organic produce is a luxury.  In fact, understanding the buying decision between these two options in produce can shed some light on the very meaning of luxury, itself.

Here is how the USDA (Department of Agriculture) defines ‘organic’. 

Organic is a labeling term that indicates that the food or other agricultural product has been produced through approved methods. These methods integrate cultural, biological, and mechanical practices that foster cycling of resources, promote ecological balance, and conserve biodiversity. Synthetic fertilizers, sewage sludge, irradiation, and genetic engineering may not be used.

Many studies have demonstrated that organic is simply better for your health. This could be a justification to spend more on organic produce.  Many say that the peace of mind alone is worth it, even if they are not certain that organic produce is actually healthier. The price of illness far outweighs the price differential between the two choices.

Bananas are rarely grown by local farmers. Most bananas are grown in Central American and South America. Therefore, for us, Trader Joe’s is where we purchase bananas.  We like to buy them partially green so that they do not get over-ripe before we are ready to eat them.  But, up until recently, we purchased, non-organic bananas without thinking much about the difference.  That is because bananas supposedly are resistant to pesticides due to their thick skin.  

Recently, we could not find partially green bananas in the non-organic stand, so we bought organic as a matter of convenience.   Then, we had a big surprise! The organic bananas taste remarkably better. The flavor was more pronounced and so was the aroma. 

Now, we only buy organic bananas.  For 10 cents extra, the taste is worth it and in the long run, organic bananas are probably healthier.  What was interesting here is the decision making process that shed some light on the price differential that made organic banana a luxury.  Health, peace of mind, convenience and finally taste, these are some of the “quality cues” and the values that comprise the luxury mindset and justify a higher price point. Now, that is luxury on a dime!

  This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

"A 'no' uttered from the deepest conviction is better than a 'yes' merely uttered to please, or worse, to avoid trouble." Mahatma Gandhi.

We keep hearing from the majority of luxury real estate marketing professionals that they don’t have time!  And given the condition of the market, they feel they need to do more.  Life is out of control. They don’t have time to work on their business (meaning focus on promoting new business) they are so busy working in their business. Many take calls while eating lunch or dinner and are going to bed with their cell phones on their night stand ready to answer regardless of the time the phone rings.

In a recent Harvard Business Review Blog, Tony Schwartz points out that we don’t take time to prioritize our lives, and have a tendency to say “yes” to requests and not mean it.  “Think of it as a madness loop — a vicious cycle. We react to what's in front of us, whether it truly matters or not. More than ever, we're prisoners of the urgent…Truth be told, there's also an adrenaline rush in saying yes. Many of us have become addicted, unwittingly, to the speed of our lives — the adrenalin high of constant busyness. We mistake activity for productivity, more for better, and we ask ourselves "What's next?" far more often than we do "Why this?"

Prioritizing our day’s work and our lives takes time.  In the face of all the things we have said yes to, we don’t have time to do that. Every to do becomes “urgent”.  Recently, we were contacted by a firm who wanted to set aside a day for time out and have a mini retreat to reflect on their leadership and create a fresh marketing plan for the new year.  They had to postpone this as every one of their clients wanted something that was deemed urgent, and they could not take a day off to reflect, nor could they see time available in their first quarter. 

Even though they are fully cognizant that their pipeline needs to be filled, they feel trapped by all the “yeses” they have committed to. The other aspect of this is that they cannot see the opportunities that are in front of them, and are apt to easily dismiss the very things that would assure their success.  They are out of focus!   This firm does have time to follow up on referrals or take on new business, which is absurd because it is the antithesis of their revenue goals.

Getting off the yes wagon begins with setting aside time to reflect on the scope of work for the day.  Prioritize on a daily basis. The result will be getting more done in less time, and having time to enjoy your lives.  Say “yes” to business and “no” more often to busyness.

This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

From the outside looking in Malibu has a very high profile due, in part, to the paparazzi and the media shining a spotlight on its glamorous surface.  Certainly, it is known as getaway for many Hollywood celebrities and titans of business.  The sitcom, Two and a Half Men takes place here. Even some Malibu real estate agents became local celebrities when they were featured on the reality TV show, Million Dollar Listing.  But, beneath the surface Malibu has the intrinsic values of a small, rural California coastal beach town with a Mediterranean climate and a close-knit community.  This, plus its close proximity to the diverse amenities of Los Angeles and easy access to the entire globe, makes Malibu one of the top 50 luxury real estate markets in the world.

According to Irene Dazzan-Palmer, “What makes the lifestyle in Malibu so extraordinary is the caliber of people you meet or run into daily.  With great people and outdoor living Malibu is like ‘Aspen at the beach’. One day you can go for a walk on the beach, the next day you can go hiking in the mountains.  You rarely need to leave town because there are so many wonderful shops and restaurants close by. It is wonderful to spend time in Los Angeles.  But, I always love to get back to ‘The BU’ as the locals call Malibu".  

Irene partners with her son, Sandro Dazzan, who was recently honored by Forbes Magazine as one of the ‘30 under 30 (years old)’ for closing $100 million in home sales in 3 years, including Malibu's 2011 highest). Sandro says, “In Malibu, you grow up in tune with your environment, especially if you are into water sports.  Surfing clears your head.  The water is always moving and is teeming with sea life. Sometimes you swim with dolphins or watch the silhouettes of pelicans diving to catch fish against a backdrop of an amazing sunset”.

Chris Cortazzo explains it this way, “Contrary to what many assume, the Malibu lifestyle is not pretentious. It is casual and comfortable. It may be sophisticated, but the hype about pretentiousness is false.  It is not about what you have, because not everyone here is rich.  It is about being nice. The ocean is definitely a grounding force; it has incredible energy that can bring out the best in you.” 

Malibu does have its private gated enclaves such as the famous Malibu Colony. But, very few of the 12,500 residents actually live right on the beach. According to Jim Rapf, “Although, it is true that some beach front residents own a section of the beach up to the mean high tide line, most of the beaches in Malibu are open to the public. The town itself actually encompasses 21 miles of coastline”.  

Shen Schultz points out that, “With fewer homes right on the water, these homes generally hold their value because they are usually in demand”.  Yet, living right on the beach does not appeal to many who treasure their privacy. Jack says, “Some people prefer the seclusion and solitude of the canyons in the mountains.  The tranquility in the hills means no neighbors and large gardens. Besides, you can drive by the ocean any time you go into town”. 

According to Ellen Francisco, “One of Malibu’s biggest draws is the public schools.  There is tremendous parental and community support for the schools here both in volunteer time and in private funding of projects, activities and sports programs. For example the music department is outstanding. Musicals at the high schools are comparable to professional performances”.

Marcus Beck says “The public schools in Malibu are comparable to private schools. Families here have the same values.  Parents spend time in the classroom; they will help grade tests, for example to free up the teachers to concentrate on other things. Fundraisers are very successful and help to provide Malibu kids with an excellent education. The indoor-outdoor lifestyle that makes Malibu so attractive to adults and kids alike, also enriches the children’s education because there are so many outdoor activities”.

Mike Cunningham, says, Malibu definitely has a small town feel that is very much family oriented. The weather is wonderful and it is just gorgeous.  There is quite a diversity of successful people who live here from the entertainment industry, to the sports industry to business.  Yet, they all have something in common. Once people move to Malibu they do not want to move away!”

 This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

 Photos Are Courtesy of Top Local Agents & Brokers Interviewed for This Article

In a previous post, we discussed ease of use for the consumers as one of the important keys to enhance your web site.  Once the ready minded consumer contacts you, what is your response time? Availability and response time go hand in hand.  If both are not in harmony, the consumer will go on to another site.   According to Gary Beerman, vice president of Alert Site, “The Industry standard is that a brand’s website has to load within four seconds, or the probability that the consumers will leave the page is quite high.”

If the response time is more than 5 minutes, the probability that the consumer will leave the site and go to a competitor’s site is also high.  According to a survey generated by Lead Response Management.org

When a lead is contacted in 5 minutes versus 30 minutes, it will produce a significant increase in qualified leads that have the potential of closing.

The best time to call to qualify a lead is mid to late morning (not before lunch) and late afternoon (4-5PM is best 5PM-6PM is OK).  The best days to follow up/qualify are on Wednesday and Thursday. The worst days are Monday and Tuesday.  Friday is good to make contact, but not to qualify.

It is a good idea on your web contact form to have a form which asks the prospect their communication preference, i.e., email, text, or phone.  Asking that question ensures the beginning of a fruitful relationship.

 This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

As high season commences in Maui and visitors flock to enjoy what the Valley Isle has to offer, the most common question becomes: "So how is the market?" With many sectors of the market being segmented and experiencing significantly different levels of sales activity and valuation, it would be overly simplistic to paint broad statements across the marketplace. But as always, looking at data can show trends on which to base educated opinions.

For example, the Maui real estate market has seen a significant reduction in the amount of properties listed. In 2010, there were a total of 1,809 single family residences (SFR) listed, whereas 2011 decreased by 16.6% to 1,527. And the condo inventory saw an even more drastic decline, from 2,362 in 2010 to 1,821 in 2011, a decrease of almost 23%. The Wailea/Makena market experienced a similar decline, with SFR's decreasing from 77 to 62 and condos going from 253 listings to 201.

Maui Real Estate Inventory Comparison

In addition, volume of sales is a good metric to gauge how well the market is absorbing inventory. In 2010, there were 812 sales of SFR's, increasing in 2011 to 896. Condominium sales remained virtually flat, from 1,148 in 2010 to 1,152 the following year. The Wailea/Makena district remained flat, with 2010 having 28 SFR's and 104 condos sold, compared to 2011's 29 SFR's and 103 condominium sales.

Furthermore, one of the key aspects of analyzing the real estate market is seeing the average and median sales prices. In 2010, SFR average sales price was $745,367 with a median of $460K, compared to $788,115 average and $432,250 median in 2011. Condominiums show a decrease from an average of $647,582 and median of $377,500 in 2010 to $486,212 and $310K, respectively, in 2011. The Wailea and Makena market experienced marked improvements, with 2010's $3.796M average and $1.699M median for SFR's   increasing in 2011 to $4.146M average and $2.1M median; condos remained somewhat flat with 2010's $1.525M average and $852K median comparing to 2011's $1.548M average and $900K median. However, as a caveat, it is important to note that average/median sales price are not altogether reflective of declining or increasing values, as they are more indicative of the type of properties selling and can be swayed by a handful of sales (such as the Honua Kai effect and the record-breaking sales in the past 2 years).

Lastly, for many potential buyers, 'Foreclosures' and 'Short Sales' are the buzz words of the day, as typically they present particularly strong values in current market conditions. Many experts predicted that Hawaii's Act 48, enacted in May 2011, would have a significant impact on the amount of REO's that came on the market, as the bulk would now go through the longer, more costly judicial foreclosure process.  The theory was that now that it was more expensive and it would take longer to judicially foreclose on a property, lienholders would now be more open to negotiating on short sales.  However, the numbers tell a different story (at least so far).  In 2010, there were 259 single-family residence REO's listed and 266 condos, but REO's rose in SFR listings to 291 and remained relatively steady in the condo market, at 250. Interestingly enough, new Short Sales came on the market at a much slower pace: In 2010 there were 277 SFR and 304 condo short sales newly listed, but 2011 short sale new listings decreased in SFR's to 221 (21% less) and a shocking 198 condos (a decrease of 35%).

Maui REO's (Foreclosures/Bank-Owned) and Short Sales Comparison

The Maui real estate market, long known to be a long-term equity market, still presents some excellent opportunities for buyers, but the guidance of an experienced Realtor with specialized expertise in the subject area is critical in a successful real estate transaction.

This blog post contributed by Alex Cortez, a Realtor with Island Sotheby's International Realty. He specializes in Honua Kai condos and Wailea condos and homes.

As a luxury real estate marketing professional, it is important to continue to meet the current needs of potential clients on your web site.  Luxury real estate sites need to evolve as consumers become more web-savvy, clearer about what they are looking for and more time-starved. 

Consumers now expect to instantly find what they came for and also be able to control the speed at which they consume the information they find.  “Flash” sites and rich media sites are a thing of the past.  They can be a turn-off or a distraction for the “ready-minded” person.

For example, watching a slide show or a video about a particular listing presents the information at the speed you set which is not necessarily their speed.  A slide show with thumbnails that they can click on, touch to view (on a touch screen) or hover-over at their own pace is now preferred.

Luxury real estate websites should be easy to navigate and facilitate immediate access to information in a self-serve environment.  The MLS can be viewed from a multitude of sites.  Property search is a commodity and it is free.  The days of having someone register to view properties are over unless you offer an extraordinary promise of value that cannot be found on your competitors’ sites. 

Less is more!  Pare down unnecessary information. Luxury buyers do not want to access properties in all the neighborhoods in a given marketplace.  They most likely are interested in the luxury areas only. Therefore, augment custom search functionality with pre-set search queries based on anticipated criteria, such as property type, location, and price range.  This offers them the luxury of time and makes it easy to get what they want which is an added value.

Less is more in design as well. Keep it simple and elegant. Think of website design as a map to guide your viewer’s eyes to what they want to see.  Your sellers want to see their properties displayed elegantly.  Your buyers want to see your listings as well as the rest of the relevant inventory in your marketplace.  Present the canned information (schools, demographics, etc) stylishly.  Do not take the easy way out and just give them a links to other sites. 

Today’s luxury real estate consumer expects to find original content in addition to commoditized information that most likely can be found on all of your competitor’s websites.  Blogs offer the vehicle to present original information from the author’s point of view.  Yet, very, very few luxury real estate marketing professionals properly maximize this opportunity to connect with web-savvy consumers.  If you offer truly original content, consumers will actually slow down and take the time to appreciate your unique slant because doing so is a luxury.

 This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

Another leading trend in the affluent sector that impacts luxury real estate marketing is the growing technology IQ of the affluent consumer.   The affluent consumer has become tech savvy, and understands the value of the internet as a source of original knowledge and up to date information.   

One of the most effective ways of marketing yourself on line as a luxury real estate marketing professional is to blog.  The old paradigm for blogging was to write posts that are laden with keywords interspersed with some relevant content, all for the purpose of extracting “Google Juice”. It also encouraged reposting the same post and changing a few words here and there. This type of blog (beloved by the Google robots) could definitely get that for you and may even catapult you to the coveted #1 position.  It will not build an audience of raving fans, which is the primary purpose of blogging. In fact it is a turn off, and it works against you.  No one wants to be treated like a robot.

 What today’s luxury consumer is looking for in blog posts is consistent, original valuable information, making them savvier about your marketplace.  They are looking for “insiders” insights, the newest and latest information.  A post that reviews a book written by a local resident as well as an invitation to a reading by the author would be an example of content marketing (pull marketing).  This type of engagement creates subscribers, grows audiences, referrals and a call to you from a potential buyer/seller. 

 This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra. 

One of the leading trends in the affluent sector that impacts luxury real estate marketing is the change in how the affluent define luxury.  The affluent are becoming “value masters”, the new badge of smart consumers.  The annual Ipsos Mendelsohn Affluent Survey (by Ad Age) is a nationally representative behavioral study of more than 14,000 adults living in households with at least $100,000 in annual household income.

Value Matters
89% responded “When I decide to purchase a luxury item, I go out of my way to find the best price possible.”
60% responded “Even though the recession is 'officially' over, I am still spending money much more cautiously than I used to.”
 
Quality
78% responded "When it comes to quality, I believe you get what you pay for."
18% responded "I tend to buy based on price, not quality."
 
Online
68% responded "When I go shopping online, I usually know exactly what I want to buy."
64% responded "I regularly read online reviews of products before making an online purchase."
 
Offline
63% responded "When I go shopping in a retail store, I usually know exactly what I want to buy."
47% responded "I regularly read online reviews of products before making a purchase in a retail store."

In buying a luxury home whether as a primary or secondary residence, the new affluent buyer is researching the market place.  With value as the objective rather than the old paradigm of “being able to afford anything I want”, the premium of perceived value (i.e., buying on the “right” street or the “right” neighborhood) does not have the same importance as it once did.   They are also willing to wait for price reductions.    Given the new shift in psycho graphics in the affluent marketplace, how will you adapt as a luxury real estate marketing professional?

   This blog posting has been provided by Ron and Alexandra Seigel, the Language of Luxury Community Founders and managing partners of Napa Consultants, International, the leading luxury real estate strategic marketing firm. They specialize in personal and company branding, luxury real estate website design and social media marketing. Photos courtesy of Ron and Alexandra.