Six-House Estate Could Be Melbourne’s Most Expensive Home
The one-acre spread in the Toorak, Australia, suburb is asking A$45 million-A$50 million. Read More
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A Scottish Castle With Connections to a Whiskey Dynasty
Eden Castle, built in 1860, is now being run as a bed-and-breakfast. Read More
SMART HOMES
Smart Technology for a Superior Super Bowl Party
Give your guests an amazing football experience with high-tech gadgetry. Read More
NEWS BITES
San Jose To Be Hottest Housing Market San Jose, California, will become the U.S.’s hottest market in 2018, suggests a Zillow report. Including towns like Cupertino and Palo Alto, the northern California region’s median home values rose 21% last year. Coupled with a severe supply shortage that saw inventory decrease 41%, it’s likely that prices will climb even higher. Despite the median hitting $1.17 million, the continued success of public offerings in the tech-centric Silicon Valley leaves plenty of residents able to afford ever-rising price tags. South China Morning Post
London Now a Buyer’s Market The average London home now sells for 4% under the asking price, new figures from the Hometrack Cities Index show. In 2014, the average price was only 0.5% under asking. In some London locations, the discount is as high as 10%. The index also reflected that while the growth of prices in London was only 1.8% in December 2017 over the year prior, while the rest of the U.K. had growth of 4.4% during the same period. City AM
Actress Kim Raver Lists Modern Los Angeles Home for $3.699 Million The Los Angeles home of actress Kim Raver and director Manu Boyer has been listed for $3.699 million. The modern Venice three-bedroom has 2,018 square feet of living space and open plan living spaces and features details like concrete floors and corrugated metal siding. The couple purchased the home for $1.735 million over 10 years ago. Los Angeles Times
Dallas Home Prices Beat National Average in Growth Home prices in Dallas were up 7% in November over 2016, according to Standard & Poor's/Case-Shiller Home Price Index. That puts the Texas city ahead of the national average of 6.2% but under top performers like Seattle, which was up 12.7%, and Las Vegas, which increased 10.6%. The rate in Dallas was the city’s lowest yearly increase in the past four years. Dallas News
First Time Buyers Up in U.K. It appears as though the U.K.’s elimination of the stamp duty for first-time buyers has helped stimulate activity in that demographic, with sales to first-time buyers up 32% in December 2017. That figure is the highest it’s been since September 2016. Purchases over the course of the month also proceeded more quickly, with 4% moving from offer acceptance to contract in under four weeks versus the 1% that was the average between January and November 2016. PropertyWire
AROUND NEWS CORP
A Compound in Cannes Seeks $65 Million [The Wall Street Journal]
Led by Seattle and Las Vegas, Home Prices Accelerate in November, Case-Shiller Shows [MarketWatch]
Deal to Rescue Long-Vacant Wall Street Landmark Stalls [New York Post]
Soak It Up! 5 Spectacular New Ways to Update Your Kitchen Sink [realtor.com]