Palm Beach Is Still Hot—Just Take This Property Asking Three Times Its April 2021 Sale Price
The sellers of the $43.85 million listing are still in the process of building a West Indies-style mansion on the lot. Read More
BY THE NUMBERS
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TRENDING TODAY
MANSION GLOBAL BOUTIQUE
Make a Statement With These Bold Throw Pillows
Got a bare couch or bed that needs a little dressing up? Bright and chic throw pillows can really add style, texture, and form. From a vibrant velvet lumbar to a patterned and plush cushion, these seven pillows flaunt a little fun and flair. Read More
LISTING OF THE DAY
An Artist’s Gallery-Like Villa in Ibiza, Spain
The nearly 10,000-square-foot modernist mansion is owned by German artist and designer Hala Kürzl. Read More
DESIGNER’S CORNER
Designing a Kid’s Room With Practicality and Style
Personalize, create a hangout space, and don’t skip accessories. Read More
NEWS BITES
Australia Sees Home Prices Rebound in February
Home prices across Australia were up 0.18% in February with growth seen in every capital city, except Hobart, according to the latest PropTrack Home Prices report. While rising interest rates have shrunken the potential buyer pool, the limited supply of housing inventory in Australia has kept competition strong—and insulated values. Home prices from most markets across the nation have fallen from their pandemic peaks, yet, nationally, prices remain 29.4% higher than pre-pandemic levels. realestate.com.au
Fort Lauderdale Home Sales Drop Nearly 40%
Are buyers abandoning ship in America’s yachting capital? Home sales in the Greater Fort Lauderdale Area dropped 39.4% year over year in January, according to the latest figures from the Miami Association of Realtors. The losses were nearly identical across property types, with single-family-home sales and existing-condo sales falling 39.2% and 39.5%, respectively. Lack of inventory and rising mortgage rates were named as the culprits behind the cratering decline. Despite the drop in sales, prices in the market grew, with median single-family-home values growing 8% year over year in January to $540,000, and median existing-condo values increasing 12.5% year over year to $269,900. World Property Journal
British Mortgage Approvals Hit Lowest Level Since 2009
Rising interest rates, tied to former Prime Minister Liz Truss’s September 2022 mini-budget, have sent potential buyers fleeing from the housing market. According to the Bank of England, mortgage approvals in January fell for the fifth month in a row and reached the lowest level (excluding the Covid-19 lockdown months of 2020) since 2009, amid the fallout from the global financial crisis. Despite the five months of declining mortgage approvals, there is some hope that the bottom has already been reached, as January’s decline was smaller than the four previous months, indicating some confidence may be returning to the market. The Guardian
1970s Television Super Producer Lists Pacific Palisades House for $4.3 Million
Marcy Carsey, a Television Hall of Fame inductee and the producer behind such hit sitcoms as “Mork & Mindy,” “Happy Days” and “Soap,” has listed her home in the Los Angeles neighborhood of Pacific Palisades for $4.3 million. The five-bed, five-bath, East Coast-style property features hardwood floors, skylights and high wood-beam ceilings throughout, as well as multiple fireplaces. Outside, the home includes a pool and spa with a wood lounging deck, a detached two-car garage, and a motor court that can double as an al fresco dining area. Dirt.com
AROUND NEWS CORP
Lil Wayne Sells Contemporary Miami Beach Home for $22.583 Million [The Wall Street Journal]
How Staging Your Home for Sale Could Make You Big Money [The Times of London]
5 Factors to Consider Before Buying a Condo [Realtor.com]
Australia’s Biggest Internal Migration Magnets Revealed [news.com.au]
