A $36 Million Miami-Area Mansion Just Sold as a Teardown
The estate in Coral Gables was the longtime home of philanthropist Bunny Bastian. Read More
BY THE NUMBERS
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Find the Best Deals for Labor Day
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TRENDING TODAY
LISTING OF THE DAY
Knoll-Top Estate Gets a Bird’s-Eye View Over Silicon Valley
Amenities at the contemporary new build include a pool and spa, a wine cellar, a bar, a tiered home theater and 360-degree views. Read More
SMART HOMES
Smart Vacuums That Feel More Like Robots
AI has these tools getting more precise in picking up dirt, mapping routes and even cleaning themselves. Read More
NEWS BITES
One in Three Seattle-Area Homes Are Worth at Least $1 Million
Roughly one in three homes in the Seattle area was worth at least $1 million as of June. While that’s down from the 39% of homes that were valued at seven-figures or more last year, it’s still a much higher percentage than nationwide, where nearly 1 in 10 homes were valued at $1 million or more in June, according to online property portal Redfin. Overall, Washington’s share of $1 million-plus homes rose from more than 6% in June 2019 to about 16% in June 2023. Axios
Hong Kong Home Prices Slide Amid Shaky Sentiment
Prices for existing homes in Hong Kong reached a six-month low in July, a result of shaky market sentiment amid elevated interest rates. Prices for “lived-in” homes fell 1.1% between June and July, according to the Rating and Valuation Department. “The residential market appears to be reeling with both volume and prices drifting down,” property consultancy Knight Frank said in its latest report. “In addition to high mortgage rates and unsold inventories, the economy remained uncertain in both Hong Kong and the Chinese mainland.” South China Morning Post
U.S. Property Prices Are Creeping Back Toward Record Highs
U.S. home values ticked up for the fifth month running in June, pushing up prices by 0.7% and close to the all-time highs of last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. “Home price acceleration is most notable in markets that remained relatively affordable throughout the pandemic and saw less volatility from household migration, such as those in the Midwest and New England,” said Selma Hepp, CoreLogic’s chief economist. “Home prices in these markets are now catching up with more expensive ones.” CNN
Melbourne House From 1868 Sells in an Unusually Speedy Deal
A five-bedroom home in Hawthorn, an inner suburb of Melbourne, Australia, sold at auction for A$5.725 million (US$3.7 million) over the weekend, to a buyer who first viewed the property 30 minutes before the sale. Built in 1868, the property has a separate guest house, a pool and a wine cellar. Selling agent James Tostevin of Marshall White Boroondara said it was unusual to have a buyer turn up on the day and see the property just before an auction. “It usually happens with properties being sold as development opportunities or investments, not these types of homes,” Tostevin said. Domain
AROUND NEWS CORP
A Brooklyn Townhouse Built More Than 100 Years Ago Lists for $13.995 Million [The Wall Street Journal]
The £132 Million Penthouse Flat Overlooking Hyde Park [The Times of London]
Seller Beware! 6 Half-Truths That Can Destroy the Odds of Selling Your Home [Realtor.com]
Sydney Prestige Property: Get Set for the Spring Surge [news.com.au]
