London’s Luxury Market Continued to Soften in October
Average sold prices fell by 3.3% in October, while there were 29.5% fewer luxury transactions compared to last year. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
Industrial London Penthouse Catches the Sun and the Views
The home’s full-width sliding doors and two full wraparound terraces fill it with abundant natural light. Read More
DESIGNER’S CORNER
Choosing the Right Candles to Light up the Mood, According to the Pros
Darker and colder days mean there’s no better time to experiment with candles to enhance your surroundings—and your state of mind. Read More
NEWS BITES
Northern Ireland Sees Robust Price Growth
House prices in Northern Ireland were up in the third quarter, jumping 3.1% from the second quarter and 2.1% annually, according to the Northern Ireland Statistics and Research Agency. There were quarterly price increases in every local government district besides Ards and North Down. House prices in Northern Ireland were falling at the end of 2022 and into this year, but now, prices have risen in back-to-back quarters. Now, the average home price is nearly 30% higher than it was pre-pandemic. BBC
MTV Founder Buys 1970s Time-Capsule Home in Southern California
John Sykes, co-founder of MTV and president of entertainment enterprises for iHeartMedia, has purchased a Santa Moncia, California, home that’ll transport anyone who steps inside back to the 1970s. Built in 1941, the home has been in the same hands since 1972, when it sold for just $150,000. Though the home’s interior maintains that ’70s style, with its wood paneling and outdated wallpaper, its location on a prestigious Santa Monica street and panoramic views of the mountains and ocean make it a luxury home. Sykes paid $7.9 million, a discount off the $9.5 million asking price. Across the almost 4,000 square feet, there are five bedrooms and five bathrooms. Robb Report
Canadian Home Sales Slowed in October
Though home sales in Canada were up annually in October, they fell a staggering 5.6% from September. The Canadian Real Estate Association said this might mean that many buyers and sellers are holding off until spring to make deals. “We’re only in November, but it appears many would-be home buyers have already gone into hibernation,” CREA chair Larry Cerqua said. Last month, 33,921 homes sold across the country, which is 0.9% higher than last October. Additionally, the national average home price increased by 1.8% annually to C$656,625 (US$480,508). BNN Bloomberg
Historic Home in Sydney Suburb Sells for A$3 Million Over Its Guide Price
A home built in 1929 in Woollahra, Australia, has sold at auction for A$11.03 million (US$7.18 million)—A$3 million more than the guide price. The four-bedroom Mediterranean-inspired home last sold in 1949 to the seller’s grandmother. The charming home has four bedrooms, space for outdoor entertaining and historic details that include high ceilings, a log-burning fireplace, wrought-iron balustrades and wooden shutters. The buyer’s mom reportedly whispered to him, “If you want it, just buy it!” realestate.com.au
AROUND NEWS CORP
The New Jersey Community More Expensive Than Most of the Tri-State’s Priciest Enclaves [The Wall Street Journal]
Where to Buy a Ski Chalet With Year-Round Adventure Appeal [The Times of London]
Are You at Risk for a Break-In? 7 Signs Your Home Is an Easy Target [Realtor.com]
Billy Joel, Alec Baldwin Pull NY Estates off Market as Mortgage Rates Soar [New York Post]
