Baseball Star Mookie Betts Lists Los Angeles Home for Nearly $10 Million
The Encino residence has a two-bedroom guest house, a putting green and a gym with an indoor basketball court. Read More
BY THE NUMBERS
TRENDING TODAY
SPECIAL REPORT
Luxury Steals in California’s Desert Oasis
Surrounded by golf courses and the Santa Rosa Mountains, buyers are finding an influx of luxury real estate inventory in La Quinta, California. Read More
LISTING OF THE DAY
An Aerie Near the Top of a Star-Filled Los Angeles Condo Tower
Celebrity residents at the Robert A.M. Stern-designed Century City building have included Denzel Washington, Rihanna and Candy Spelling. Read More
TAX TALK
New Jersey Homeowners Have the Highest Property Tax Rate in the U.S.—Yes, Again
Hawaii has the lowest rate, according to a study from WalletHub. Read More
NEWS BITES
Rockstar Energy Drink Creator Asks $50 Million for a Ski Home in Park City, Utah
Billionaire entrepreneur Russ Weiner, founder of the energy drink company Rockstar, has listed his ski home in Park City, Utah, for $50 million. He just bought the 5-acre property with a 17,500-square-foot residence last May for $39.6 million, a record for the state, according to Paul Benson of Engel & Völkers, who represented Mr. Weiner in the purchase last year and is now handling the listing. The home’s amenities include a bowling alley, an indoor sports court, a golf simulator and a ski room. The Wall Street Journal
Georgia Home Built for Oprah Finds a Buyer
A sprawling home in Conyers, Georgia, that was originally designed for media mogul Oprah Winfrey in 2019 has found a buyer. The property, still unfinished, was asking $3.5 million and is currently under contract to sell. The home will include 18,189 square feet of living space with five bedrooms, five bathrooms across three floors. After Ms. Winfrey changed her mind, the developer/owner decided to put it on the market, said listing agent Ashley Cook of Maximum One Realtor Partners. Realtor.com
Foreclosed Properties in China Rose 36% in 2022
Foreclosed properties in China reached 606,000 units last year, up 35.7% from 2021, according to a survey by China Index Academy, one of the country’s largest independent real estate research firms. Most of the foreclosures were concentrated in the central and western regions, as well as prosperous areas near Shanghai and Guangzhou. In the last quarter of 2022, the number of Chinese families opting to stay on the sidelines for property rose to 27.2% from 20.1% in the prior quarter, showed a separate survey by a research institute and think tank under Ant Group and the Southwestern University of Finance and Economics. Reuters
A Canberra Suburban Home Lists for the First Time in More Than 60 Years
A family home in Narrabundah, a suburb of Australia’s capital city of Canberra, has come to the market for the first time in 63 years. It will be auctioned on March 4 without a price guide. The property has a main timber-and-brick house with four bedrooms, as well as two self-contained studios with kitchenette and bathrooms. “I loved that the house was tucked away in the block, and my parents soon established a garden, which today is a lush green haven with plenty of areas to sit and play in,” said the seller Lindy Reksten. Allhomes
AROUND NEWS CORP
Despite Tech Layoffs and Housing Slowdown, San Francisco’s Real-Estate Market Creeps Back to Life [The Wall Street Journal]
How Hipsters Turned Margate Into Shoreditch-on-Sea [The Times of London]
Homebuyers Are Finding Tons of Bargains in This One State—but How Long Will It Last? [Realtor.com]
Despite Nationwide Trend, Manhattan Apartments Are Getting Bigger [New York Post]
