Mansion Global Daily: U.S. Ends Year With Record-High Home Prices, a London Victorian With Moody Colors and More
Mansion Global Daily will not be published on Dec. 31 because of the New Year’s Day holiday. It will return on Monday.
U.S. Home Prices End the Year at a Record High
The median sale price increased 14.6% year-over-year in December to $361,171, Redfin says. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Redesign in Rich, Moody Colors Fits the Era of This London Victorian
The lavish three-bedroom home is a stone’s throw from celebrity haunt Julie’s in posh Holland Park. Read More
TAX TALK
Which U.S. Cities Will Have Property Tax Increases in 2022?
Chicago, Pittsburgh and Chapel Hill, North Carolina, all have hikes coming next year. Read More
NEWS BITES
A Family Retreat Outside of Melbourne, Australia, Asks More Than A$11 Million
A two-lot family compound in Berwick, a suburb of Melbourne, Australia, has hit the market with a guide price of between A$11 million (US$7.99 million) and A$12 million. It has nearly 19,000 square feet of living space with seven bedrooms. Encompassing nearly 3 acres, the property has a pool modeled on Port Douglas’s 4.5-star Peninsula Boutique Hotel, a tennis court and English gardens. The seller had the home custom built 13 years ago, according to the listing agent. If it sells anywhere close to the ask, it will smash the suburb’s A$9.5 million residential price record set in March by Chateau Beaumont, a five-bedroom, seven-bathroom mansion. realestate.com.au
Hong Kong Sets Minimum Size for Apartments Built on Government Land
Hong Kong has set the minimum size for apartments built on government land at no smaller than 280 square feet, Secretary for Development Michael Wong Wai-lun said Thursday. So-called nano apartments, which sometimes span less than 200 square feet, have been popular among first-time home buyers in the city-state, one of the most expensive housing markets. To increase housing affordability, Hong Kong’s government will also expand the supply of housing land to accommodate 20,080 homes, up 56% from its annual target. South China Morning Post
Douglas Elliman Goes Public After Spinning off From Vector Group
Douglas Elliman, one of the largest U.S. residential brokerages, will begin trading Thursday on the the New York Stock Exchange under the symbol “DOUG” after it completed its spin-off from Vector Group Ltd. The brokerage has established a strong presence in most major luxury markets and will continue to “capitalize on growth opportunities in the highly attractive U.S. residential real estate market,” said Howard M. Lorber, chairman and chief executive officer of Douglas Elliman. Shares were trading at around $10.60 by midday Thursday from a morning peak of $11.40. Yahoo Finance
College Football Coach Mario Cristobal Selling Oregon Home for $1.8 Million
Mario Cristobal, former Oregon Ducks coach is selling his Eugene, Oregon, home for $1.8 million. He bought the newly completed home in April 2020 for $925,000. It has approximately 5,000 square feet of living space with four bedrooms and six bathrooms. Cristobal, 51, has recently accepted a 10-year, $80 million contract to become head coach for the Miami Hurricanes, the football team of University of Miami. Realtor.com
AROUND NEWS CORP
House Price Increase Hits 15-Year High, According to Nationwide [The Times of London]
Sydney Real Estate: Rose Bay Waterfront Settles for A$34M [news.com.au]
Converted British Water Towers Take Luxury Living to New Heights [The Wall Street Journal]
Unit in Celeb-Stuffed Battery Park Tower Asks $18M [New York Post]
