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Mansion Global Daily: High-Priced Homes Have a Field Day in the Hamptons

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

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Bridgehampton Leads Third Quarter in Pricey Hamptons Sales

The affluent area saw the most sales priced between $10 million and $20 million; East Hampton had the priciest homes. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

Modern Oceanfront Home in New Cabo San Lucas, Mexico, Residential Resort

An oceanfront contemporary home known as Casa Higuera is the only fully turnkey custom home currently available at the new Maravilla Los Cabos residential resort in Mexico. Read More

SMART HOMES

Smart Fit: Intelligent Equipment for In-Home Exercise

Get trim and toned this fall without ever leaving your house. Read More

NEWS BITES

New Entries to Miami’s Condo Market Push Resale Rates Down Miami is seeing falling condo resale prices in its downtown area as a construction boom floods the market with new options. The area has seen the addition of 5,108 new condos since 2012, with 5,078 still being built. Mid-2017 rates for resale dropped to $400 per square foot, down from $457 in 2015. The Real Deal

Wildfires Threaten Already Scarce Housing in Northern California Destruction caused by wildfires in Northern California threatens to put an added strain on an area already suffering from a prohibitively expensive housing market. In Santa Rosa, a city of 175,000 people, 6,700 homes were destroyed by the flames. Housing stock is scarce, with the rental vacancy rate at 1%, which has raised the fear that many will end up fleeing the region. The Sacramento Bee

Building Boom Expected in Canada After four straight years of new-builds clocking in below 200,000, builders are set to start work on more than 215,000 new homes across Canada. That would be the highest number since 2007. And the new developments are spread across Canada, too: in the Prairies, Quebec, British Columbia and Ontario. A strong economy and population growth are seen as the reasons behind the surprisingly strong market despite government cooldown efforts. Bloomberg

India, U.K. and Saudi Arabia Top List of Nationalities Seeking Dubai Homes Foreign investors’ interest in Dubai properties has continued this year, with buyers from India, the United Kingdom, Saudi Arabia and the United States leading the pack, according to the real estate site dubizzle. The value of sales of existing properties to foreign and UAE buyers, year-to-year in August, was up 28%. Gulf News

AROUND NEWS CORP

Saudi Royal Seeks $85 Million for Beverly Hills Compound [The Wall Street Journal]

Home, James. Jacobean Style Is Back in Vogue [The Times of London]

8 Frightening Things in Sellers' Homes That Can Scare Buyers Silly [Realtor.com]

Home Builder Sentiment Jumps to Five-Month High as Industry Refocuses on Buyers [MarketWatch]