Regardless of the fact that the housing market is still in somewhat of shambles, those unaffected by the bad economic climate made some outrageous home purchases this year. Sales in New York, Florida, California came in as some of the largest sales in state and national history.
What are real estate professionals saying to homebuyers and sellers about current market conditions? The successful brokers and sales associates are talking about the strengths that exist in the market. Below are positive angles that appeared recently in the media and underscore why it is a good time to buy real estate.
Just last month, former Citigroup chairman Sandy Weill put his 15 Central Park West apartment up for sale for $88 million. Now Ekaterina Rybolovleva, daughter of Russian billionaire Dmitriy Rybolovlev, is buying.
Recently, Jill Eber and Jill Hertzberg of Coldwell Banker have listed the most expensive house in Miami at $60 million dollars. This posh mansion provides as much space, suitable for a king at 30,000 square feet, but one would need a great amount of land to build such a mega-mansion, located in Indian Creek Island, the home shows the very beauty of South Florida.
Things don’t look good for the Chinese real estate market. It seems the bubble is finally about to burst.
Its official, Ellen DeGeneres and her wife Portia de Rossi are new homeowners of a luxurious Malibu mansion, but not just any mansion, one formerly owned by Brad Pitt. After the couple had put their Beverly Hills home on the market earlier in the year, they’ve been interested in Pitt’s digs.
A luxury condominium in San Francisco, Calif. has sold for $28 million.
Currently under construction, Chateau des Fleurs is a 60,000-square-foot super mansion located on ten sprawling acres in Bel-Air, California.
According to survey data taken from the Center for Housing Policy, New York has been ranked the nation’s second most expensive city for homebuyers in the United States. As Crain’s reported, the busy metropolitan area has a median sale price of $450,000 for all homeowners in the third quarter.
The widow of former Time Warner CEO Steve Ross is selling two duplex apartments on Park Avenue that together total more than 30 rooms and priced at $60 million combined.