The LUX Report

John-Mark Mitchell • May 15, 2022
A man with a beard is wearing a white jacket and a white shirt.

Welcome again to the most unusual real estate market we have ever experienced on the East Coast! As the outdoor temperatures are rising, so are the temperaments of our buyers and sellers while being in the midst of the hottest and most complex, but exciting, markets on record. The new nor- mal is anything but normal... And it appears that we’re just getting starte

We can all agree that due to the limited quantity of luxury prop- erties and prospective buyers, the listing and sale of luxury real estate may present some challenges. However, with the right marketing mix, the right Broker, and a little creativity, you can connect your luxury listings with qualified and interested buyers. Thinking outside the box may transform a multi-million dollar home on acreage into a winery or a convention retreat center. Finally, connecting with the international community will help increase the pool of prospective buyers for any luxury property.


So your question may be... how can we win the war in this competitive real estate market? First and foremost, find the most knowledgeable and reputable company in the area that you were wishing to purchase. Do your own homework and ask people that you respect that currently live in that area who they may recommend. It is a fact that having more than just local knowledge can make your buying and selling experience much more rewarding and profitable in your real estate decisions.

Here is a great idea if you are a buyer in this crazy market: If the property you seek is in “coming soon” status, make an aggressive offer to the sellers, with a lower due diligence until you have seen the property. Your offer will possibly be

the first offer the seller has received and will be presented at a much more relaxed pace than when the house is open for showings and they have 18 offers in one day. In my firm, we have done this several times and have had tremendously successful results for our buyers and sellers. We have found that a lot of the sellers we represent are excited about not having 20 showings in one day and having to de- cide between so many different offers. Also, some of the best buyers do not wish to compete and will pay a premium to have their offer considered before the competition. At the end of the day, helping our buyers and sellers get the results they want is what makes our job relevant and successful. Having a broker with knowledge of how to be creative in negotiations is what will make the difference in how satisfied you are as a buyer or seller of luxury real estate.

According to the latest profile of home buyers and sellers, this is the first year that we are seeing that 5% of first time home buy- ers have a net income of over $200,000. This is not investors, but the first home that young people out of college are purchasing. You may conclude that this is one of the factors that is forcing the luxury market to rise quicker than predicted.

Statistics worth repeating are that home sales for the remainder of 2022 are predicted to rise 6.6% year over year, reaching a 16 year high across the East Coast. And although we will have increased inventory due to the warmer seasons, we will still face fierce com- petition, record high listing prices, and fast paced sales for the re- mainder of the year. Hang on tight and let’s enjoy the ride together.

In conclusion, I always inform my sellers and buyers when I meet them to hire me... Not because we are friends, which a lot of times we are... But select me because I am the absolute best person to get you the highest price and best deal in today’s market. We make this the reason for anyone to select any of the brokers in our firm, or any company that places outstanding service as their highest priority. If you have any suggestions for future reports or any questions, please feel free to reach out to me by email; johnmark@gomitch. com or follow me on Instagram; johnmarkmitchell.realestate.

As always, thank you for letting me be a part of your story. Cheers!


  The company you work with needs to have knowledge not only in the local city that you’re considering but also luxury representation across the state in which you are seeking to purchase.

Christie's Handbags Online: The New York Edit

June 4, 2025
HERMÉS, CIRCA 1990S Estimate: $100,000-200,000 NEW YORK - Christie's is pleased to present Handbags Online: The New York Edit , a curated selection of handbags from Hermés, Chanel, Dior, and more. Bidding will be open from 4-17 June, with highlights on view at Christie's Rockefeller Center galleries from 6-16 June. Leading the sale is an exceptional Rare Sterling Silver Mini Kelly (Estimate: $100.000-200,000). Produced in Mexico in the 1990s, the original solid sterling silver design is among the rarest handbags in the world. Additional notable highlights include a Bleu Marine Diamond Kelly 25 (Estimate: $100,000-150,000), and an Hermès Special Rdition 706 Madison Kelly (Estimate: $35,000-45,000). This exceptional piece, created to commemorate the opening of Hermès Madison Avenue flagship, features intricate leather marquetry inlay inspired by the Hommage á Gene Kelly scarf design. This season's sale offers a captivating blend of whimsy and timeless sophistication. designed to appeal to collectors at every level. A standout feature is a magnificent single-owner collection titled Sculpted Ions: Handbags From the Vault of a Discerning Collector , showcasing exquisite examples from Schiaparelli. Chanel, Hermès, and Fendi. Among the highlights is an Orange Crocodile Diamond Kelly 25 (Estimate: $100,000-150,000), noted for its bold color and precious detailing. For the first time at Christie's, a selection of bags by Schiaparelli will be offered. The group includes four striking designs, with estimates ranging from $1,000-6,000. Highlights include a Crème Leather Bijoux Secret Top Handle Bag with gilded brass and enamel hardware (Estimate: S4,000-6,000), and a Black Calfskin Anatomy Jewelry Bag featuring enamel and hammered gold brass accents (Estimate: $3,000-4,000). Auction Information : Click Here ALL IMAGES PROVIDED BY: CHRISTIE’S IMAGES LTD. 2025 Sale Highlights

The Cigar

June 3, 2025
ACCLAIMED AUTHOR AARON (SIG) SIGMOND HAS DONE IT AGAIN. HIS WRITTEN KNOWLEDGE (NOW NUMBERING AT OVER 20) ON NUMEROUS TOPICS INCLUDING FINE MECHANICAL TIMEPIECES, HOTELS, AUTOMOBILES—ALL OF WHICH FALL WITHIN THE SOMEWHAT VAGUE “MEN’S LUXURY” CATEGORY—CIRCLE BEAUTIFULLY BACK TO ONE OF HIS FAVORITE SUBJECTS, HIS LOVE FOR CIGARS. AN ACCOUTREMENT THAT HAS BEEN A PART OF HIS LIFE SINCE COLLEGE.

A TASTE OF THE AEGEAN ARRIVES IN WEST PALM BEACH: INSIDE THE NEW ESTIATORIO MILOS

June 2, 2025
There’s a new jewel sparkling along the Intracoastal in West Palm Beach—and it speaks fluent Greek. Estiatorio Milos, the acclaimed seafood-forward restaurant helmed by legendary chef and restaurateur Costas Spiliadis, has opened its thirteenth global location and second in Florida, bringing the breezy sophistication of the Mediterranean to the heart of South Florida. Nestled within the sleek, waterfront One Flagler tower, Milos isn’t just a restaurant—it’s a full-sensory journey to the shores of Greece. Step inside, and you’re immediately transported. Floor-to-ceiling windows, a soft palette of natural materials, and thoughtfully curated art create a warm, contemporary atmosphere. Designed by Tara Bernerd & Partners, the space is as much about serenity as it is about style. Pentelikon marble, warm oak, and textured stone echo the materials of Cycladic islands, while an open-air terrace fringed with greenery brings the outdoors in. A dramatic staircase, a signature design element across Milos locations, provides a striking focal point—modern yet rooted in classical influence. But of course, the real story here is the food. Milos is revered worldwide for its dedication to purity of flavor and ingredient integrity. Each morning, whole fish is flown in directly from the Mediterranean—snapper, lavraki, dorade—then displayed on ice for guests to view before choosing. Local bounty also takes center stage, from Florida stone crab to daily selections sourced from fishermen in the Keys. The result is a menu that’s fresh, unfussy, and deeply soulful. Signature dishes like the paper-thin zucchini and eggplant tower with tzatziki, or the simple grilled octopus with Santorini fava, let the ingredients do the talking. And the experience is meant to be shared—Milos encourages the Greek tradition of philoxenia, or warm hospitality, where tables are filled with plates passed around among friends and family. To complement the cuisine, Milos West Palm Beach offers one of the most expansive Greek wine lists in the Southeast, showcasing varietals such as Assyrtiko, Xinomavro, and Agiorgitiko, all carefully selected to pair harmoniously with the flavors of the sea. Whether you're a seasoned sommelier or simply curious, the staff’s knowledge and passion make wine exploration an integral part of the experience. As the sun dips below the horizon and the waterway glows, the setting takes on a romantic, almost transportive quality. You could close your eyes and swear you were perched on a terrace in the Greek isles—until the silhouette of Palm Beach Island reminds you where you are. For those seeking an elevated dining experience rooted in simplicity, season- ality, and timeless elegance, Estiatorio Milos West Palm Beach is nothing short of a revelation. Reservations are recommended.  To book your table, call (561) 437-8889.
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