Liebman: Deals — not dollar volume — to go up

TRD New York /
Mar.March 01, 2010 08:54 AM

While a tough 2009 made people reset their expectations, Pamela Liebman, the Corcoran Group’s president and CEO, told the Palm Beach Daily News she thinks the number of transactions nationwide will likely rise this year, though the dollar volume will not. Palm Beach, in particular, has been slow to recover. “It still feels the drag of the overall housing glut in Florida,” Liebman said. Her near-term outlook for Palm Beach and Delray Beach, however, is upbeat. Corcoran, which was the listing broker for the 2009 record $24 million sale of La Bellucia mansion and is also marketing Bernard Madoff’s five-bedroom Palm Beach home, has worked on getting buyers and sellers on the same page. “I think for a long time in all of our markets, whether it was Palm Beach or the Hamptons or New York City, there was a lot of talk about people wanting luxury and ‘the biggest’ and ‘the best’ — the biggest apartment, the best views, the most oceanfront,” Liebman, 47, said. “People are buying properties again for themselves to enjoy, not to make a statement about their life and how much money they have.” Liebman, who said she stays in her Miami home at least twice a month, said that international buyers — many from South America and Russia — are in the market, as are Europeans “but not as strong as they were.”
[Palm Beach Daily News]


Related Articles

arrow_forward_ios
Pam Liebman (Illustration by Paul Kisselev)

Pam Liebman’s lifeguarding days

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Compass' Rachel Glazer (inset) and The Corcoran Group’s Steve Gold with Circa Central Park (Credit: Getty Images, Compass)

Steve Gold loses exclusive at record-setting Harlem project

From left: 263 Surfside Drive and Ivan Kaufman with 901 and 939 Scuttle Hole Road (Credit: VHT Studios, Arbor)

The 10 priciest Hamptons home sales of 2019

From left: Corcoran CEO Pam Liebman, Amazon CEO Jeff Bezos, former WeWork CEO Adam Neumann, Related Chairman Steve Ross, and Albany's State Capitol (Credit: Getty Images, iStock)

Amazon, WeWork and more — the biggest real estate stories of 2019

Clockwise from top left: Andrew Saunders of Saunders & Associates, Cia Comnas of Brown Harris Stevens, Nanette Hansen of Sothebys, Ernie Cervi of Corcoran, Marty Gleason of Corcoran, Ed Reale of Sothebys, Robert Nelson of Brown Harris Stevens and Theresa Quigley of Saunders & Associates

Take that, Zillow: Hamptons firms’ listings site goes live this week

(Illustration by Charis Tsevis)

Revealed: Corcoran’s “hacked” files

arrow_forward_ios
Loading...