Scotland, North of England Dominate British Luxury Housing Market

Latest stats show typically less expensive North is outperforming the pricier South. Read More

BY THE NUMBERS 

TRENDING TODAY 

LISTING OF THE DAY 

Luxurious Spec House Above a Private Bel Air Cul-de-Sac

Amenities in the California home include dual master baths, a 70-foot lap pool and a guesthouse. Read More

TAX TALK 

How Can I Lower Taxes on My California Ranch?

If it’s a working ranch, your answer lies in the Williamson Act. Read More

NEWS BITES 

Homes in Massachusetts Reach High Point
Massachusetts prices have reached an all-time price high, with the median single-family home costing $430,000 as of June, as reported by the Massachusetts Association of Realtors. It was only one year ago that the price reached $400,000 for the first time. Condo prices are also high, with the median price hovering around $390,000. June had 16% fewer homes on the market year over year, leading to heightened prices, and sales fell accordingly. In all but one month of the past year home sales have either remained stagnant or fell. Boston Globe

Major Hong Kong Developer Cuts Prices
Major developer Sun Hung Kai Properties is selling apartments at its Park Yoho Milano in the northern New Territories for relatively low prices, leading many to believe that the Hong Kong housing market may be beginning to slow. The 108 units will be sold for an average of HK$13,756 (US$1,753) per square foot, a price that’s 10% below that of homes at a nearby development. The homes will range from HK$4.28 million (US$545,533) to HK$13.95 million (US$1.8 million). South China Morning Post

Dennis Quaid Selling Los Angeles Home for $6.495 Million
Actor Dennis Quaid has listed his Pacific Palisades six-bedroom house for $6.495 million. The 6,114-square-foot home was built in the Spanish style in 1929. Mr. Quaid purchased it in 2013 for $5 million. The home has nine bathrooms, staff quarters, a raised terrace, a swimming pool, a 10-car motor court and a chef’s kitchen, as well as a tiled rotunda entryway and a vaulted ceiling living room. Los Angeles Times

U.S. Prices Are Up While Sales Are Down
As U.S. prices climb, sales of existing homes are dropping, falling for the third consecutive month in June. Sales decreased by 0.6%, which took them to 2.2% under the average a year ago. Sparked by supply limitations, prices experienced a year-on-year rise for the 76th month in a row. The 5.2% growth took the average to $276,900. The Northeast and the Midwest were the strong performers, with sales up 5.9% and 0.8%, while the South and the West fared more poorly, with sales numbers falling by 2.2% and 2.6%. PropertyWire

AROUND NEWS CORP 

A New York Weekend Island Retreat Gets Fancy
[The Wall Street Journal]

Nearly 2 Million More Americans Became Homeowners Last Year [MarketWatch]

The Idyllic Vacation House of an Ice Cream Tycoon [New York Post]

Foreign Buyers Are Purchasing Way Less U.S. Real Estate—Especially in These Top Markets [realtor.com]