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Miami philanthropist Adrienne Arsht set new record price with sale of her estate
Adrienne Arsht, the prominent Miami philanthropist and attorney, on Friday sold her sprawling Coconut Grove estate overlooking Key Biscayne for $106.9 million, a record price in Miami-Dade County for a residential sale. The buyer of the four-acre Arsht Estate, which is nestled along the bayfront, wasn’t disclosed. Arsht, who formerly ran her family-owned TotalBank, is known for donating millions to several causes — most notably her namesake the county’s Adrienne Arsht Center for the Performing Arts. Although the property sale falls short of the $150 million asking price when it hit the market in January, it surpassed the peak set by hedge-fund billionaire Ken Griffin. Griffin, a Florida native, is…
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As the US housing market starts to cool, researchers say these cities are primed for a price drop
As the US housing industry starts to neat, scientists say these towns are primed for a rate fall If you’ve been squeezed out of the restricted housing industry above the past couple of a long time waiting for the prospect to purchase, you may last but not least be obtaining your probability – and some sites are now on the lookout much more desirable for potential buyers. The housing marketplace is commencing to neat and cities that have viewed an “influx of affluence” as Rick Palacios, Jr. calls it, may possibly see charges drop the farthest. Palacios is the director of investigation at John Burns Real Estate Consulting, which provides…
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These are the 10 cities seeing the most price cuts for homes
Daniel Acker | Bloomberg | Getty Photographs More property sellers are dropping their asking costs as climbing house loan interest fees and inflation have eased levels of competition in the housing marketplace. Some metropolitan areas are viewing far more rate cuts than many others. Boise, Idaho, took the lead in June, with 61.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of sellers slicing their asking charges, in accordance to a new report from Redfin, a real estate brokerage. Boise was just one of the hotter pandemic marketplaces, as the work-from-everywhere lifestyle prompted countless numbers of folks to flee pricier marketplaces like San Francisco and Los Angeles. A yr ago, just about a quarter of sellers in Boise…
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Three Windsor houses hit market with multimillion-dollar price tags
The mansion at 105 Brookschase Lane in Windsor on the James is listed for sale at $4.2 million. (Photos courtesy of CVRMLS) Richmond’s high-end home market heated up in recent weeks with the addition of three multimillion-dollar listings along the north side of the river. Priciest and largest among them is 105 Brookschase Lane, a 12,500-square-foot mansion in Henrico’s Windsor on the James neighborhood that hit the market for $4.2 million. A few doors down the street, the 8,400-square-foot house at 125 Brookschase Lane was listed this month at $2.4 million. The home features a multilevel curved staircase. And downriver in Windsor Farms, the 9,300-square-foot house at 332 Clovelley Road…
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Mega-mansions suffer massive price cuts at real estate auctions
An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy price tags quickly, after years of idling. But it comes with a harsh reality. An auction can act as a metaphorical real-estate guillotine, slicing inflated asking prices in half or worse, according to a CNBC review of recent sales. The three highest-priced homes ever to sell at auction each came up for sale in the…
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Median price of Wake County real estate soars to new high: $420,000
RALEIGH – Much more Wake County actual estate transferred ownership in February 2022 than last thirty day period, but selling prices maintain escalating. So claims a new report from the Wake County Register of Deeds shows. The median revenue price of a parcel of real estate in the county enhanced to $420,000 in February, up $10,000 from the month prior, the report discovered. That mark is a new file high, and is $85,000 better than the median sale selling price in February 2021, when genuine estate info confirmed a median sale price tag of $335,000. The prior high was December 2021, when the median sale rate was $411,000. Triangle-broad, and in…
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