Category Archives: Property

Billionaire Burger Heiress Serves up Los Angeles Mansion for $16.8 Million

Billionaire burger heiress Lynsi Snyder-Ellingson, whose grandparents founded In-N-Out Burger, put her Mediterranean-inspired, Los Angeles-area mansion back on the market on Monday with a near-$3 million discount. The California compound, now asking $16.8 million, “invites lavish entertaining and luxurious living,” according to the listing with Joseph Chiovare and Ronald Chang of Coldwell Banker Realty. Occupying […]

Stone Castle Hits the Market as One of the Priciest Houses in Calgary, Canada

A gated castle in Calgary, Alberta, hit the market last week for C$9.75 million (US$7.7 million)—making it one of the most expensive houses for sale in the Canadian city. Located in the affluent community of Aspen Heights, the six-bedroom, eight-bathroom house features both the most square feet, at 14,000, and the biggest lot—just under an […]

London Luxury Housing Made a Surprising Resurgence in February

Homebuyers across London’s most upmarket locales were active in February, driving up the number of deals beyond last year’s already elevated numbers, according to a report released Thursday in the U.K. from LonRes. Despite the complications of the U.K.’s ongoing Covid-19 restrictions, both the number of offers accepted on homes for sale and the number […]

Manhattan Homes Priced in Line With Market Averages Sell Within One Month

As the Manhattan real estate market shows early signs of recovery from the pandemic, sellers might feel moved to be “aspirational” in pricing again so as to leave some wiggle room for negotiations. But pricing the property well above the averages will not only take longer to sell, it will also lead to deeper discounts […]

Global Home Prices Are at Highest Level Since 2018

Home prices around the world in 2020 logged the highest annual growth since 2018, with roughly nine in 10 countries and territories registering higher values, despite the coronavirus pandemic, according to Knight Frank’s Global House Price Index, released Wednesday. Residential property prices internationally rose 5.6% on average last year, up from the 5.3% annual growth […]

Oceanfront Bermuda Estate with Boat House Heading for Auction

An oceanfront estate in Bermuda, dubbed At Last, is headed for the auction block. The 1.4-acre property will be sold without reserve in a live auction on March 20, according to Elite Auctions, which is overseeing the event. It is listed for $10.6 million with Albert Moura of KW Bermuda, a Keller Williams affiliate. Located […]

The Pandemic Ignited a Housing Boom—But It’s Different From the Last One

The residential real-estate market is on its biggest tear since 2006, just before the housing bubble burst and set off a global recession. Yet in nearly every meaningful way, today’s market is the inverse of the previous boom. Anthony Lamacchia, a broker and owner of a real-estate company near Boston, entered the industry in 2004. […]

U.S. Property Prices Have Soared Since Covid-19 Struck One Year Ago

Median home prices in the U.S. have risen 14.3% since the World Health Organization declared Covid-19 a pandemic a year ago, according to a report Thursday from realtor.com. The push for more space and a desire for affordable homes has led to a quick recovery for the country’s property market, according to realtor.com’s chief economist Danielle […]

A 400-Year-Old Estate By England’s Jurassic Coast Selling for £3.75 Million

A more than 400-year-old country estate in a quaint Dorset village and close to the U.K.’s famous Jurassic Coast, a UNESCO world heritage site, has come to the market asking £3.75 million (US$5.2 million). The seller, who could not be reached for comment, first bought the property in 1977 and sold it in 1986. He […]

Los Angeles Luxury Home Buyers Are Getting Down to Earth

Even in La La Land, where people live bathed in sunshine and Hollywood glamour, 2020 was a horrific year. The upending of normal life due to the coronavirus pandemic led people everywhere, including in this already lifestyle-obsessed city, to re-evaluate their homes and think about where and how they want to live. For many high-net-worth […]