An Elusive $200 Million Sale Reportedly Materializes in California With Beyoncé and Jay-Z’s Malibu Purchase
The purported deal is the most expensive ever in the Golden State, hitting an amount other homes have strived for but missed…by a lot. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Duplex Overlooking One of Prime London’s Very First Garden Squares
The 19th-century home is a short walk from the Victoria and Albert Museum in a classic slice of South Kensington. Read More
SMART HOMES
Finding Fido: Smart Tech for Keeping Track of Your Pets This Summer
From GPS tracking to “escape reports,” these devices even record step counts and monitor sleep. Read More
NEWS BITES
NFL Star Jalen Ramsey Lists Los Angeles Mansion
The Miami Dolphins’s new cornerback Jalen Ramsey is saying goodbye to Los Angeles, where he had played for the Rams since 2019. Ramsey has listed his home in the celebrity-favored Hidden Hills enclave for $13.995 million. He bought the 10,000-square-foot mansion from “America’s Got Talent” host Howie Mandel for $9.5 million in 2020. It spans three levels and includes six bedrooms and a guesthouse that the footballer built. The Wall Street Journal
Virginia’s Housing Market Had Its Slowest April in More Than a Decade
Last month was the least-active April that Virginia’s real estate market has had in more than 10 years. Over the course of the month, 8,252 homes were sold in the commonwealth, a 31.2% decrease from last year, according to the April 2023 Virginia Home Sales Report. A lack of supply is partly to blame: Typically, April brings more new listings to the market, but higher interest rates kept sellers at bay. Prices remained steady, however, with April’s median price coming in at $391,000. WAVY
Dubai Could Reach AED 300 Billion in Sales This Year, Real Estate Agency Predicts
A 62% increase in the number of high-net-worth individuals, or HNWIs, living in Dubai from 2012 to 2022 has placed the city’s real estate market on pace to reach AED 300 billion (US$81.69 billion) in home sales this year, according to to Unique Properties, one of Dubai’s leading real estate agencies. The emirate has more than 68,400 HNWIs in residence, and with such individuals increasingly flocking to the U.A.E., the country’s prime real estate segment is flourishing, the agency said. Dubai’s real estate market is forecast to witness 46% growth in 2023. Zawya
Beach Home in Sydney Relisted With A$10 Million Price Cut
A waterfront home on Sydney’s northern beaches has been relisted with a price guide that’s about A$10 million (US$6.6 million) below its original ask. Known as Celeste, the mansion in Avalon Beach with its own foreshore, moats, bridges and a chic boathouse was relisted earlier this month with a price range of between A$40 million to A$44 million, according to the new listing agent, Ken Jacobs of Forbes Global Properties. The property had been quietly marketed last year with a rumored $50 million target. Domain
AROUND NEWS CORP
A Housing Bust Comes for Thousands of Small-Time Investors [The Wall Street Journal]
Cookie-Cutter Houses Shouldn’t Be Our Architectural Legacy [The Times of London]
What Makes a Real Estate Market Hot Right Now? It All Boils Down to the ‘Affordability Advantage’ [Realtor.com]
Private Island Featured in ‘Pirates of the Caribbean’ Asks $100 Million [New York Post]
