As the overall real estate market faces challenges due to rising interest rates and low inventory, the luxury sector stands out by posting its best year-over-year gains in three years. This divergence is primarily driven by affluent buyers who are purchasing homes with cash, making them less vulnerable to high mortgage rates. Consequently, median luxury-home prices continue to surge, hitting an all-time record, while the number of luxury homes available for sale increases. However, not all luxury markets are experiencing equal growth, and Providence, Rhode Island is currently the top performer in this sector.
Results for: Real Estate
A total of 8 home transactions were reported in North Royalton from April 15 to April 21, with a median sale price of $270,000 for a 1,624-square-foot home. Notable transactions include:
– 9630 Cove Drive: $22,600 for a 704-square-foot home ($32 per square foot)
– 9911 Sunrise Blvd.: $113,000 for a 1,152-square-foot home ($98 per square foot)
18 home transfers were recorded in Geauga County from April 15-21, with a median sale price of $320,000. Notable transactions include:
A sprawling condominium located at 300 Boylston Street in Boston has recently been sold for $4,500,000. The property boasts 2,524 square feet of living space, comprising two bedrooms, three bathrooms, and a fireplace that brings warmth to the living area. An enclosed one-car garage offers convenient parking. The property is in close proximity to other recently sold units in the area.
A spacious property located at 220 Clyde Street in Chestnut Hill was recently sold for $6,200,000. Built in 1936, the house offers 6,049 square feet of living space, featuring five bedrooms and seven bathrooms. The property includes a hip roof with slate roofing, a fireplace in the living area, and an attached one-car garage. The lot measures a substantial 1.2 acres.
At the annual JPAR® Nation Celebration awards gala, JPAR® recognized standout individuals for their dedication to the brand and the industry. This year, the Affiliate of the Year Award had two winners due to a tie: Shawn O’Neill and Trish Nicely, Mary Chambers, and Scott Chambers. The Legacy Affiliate of the Year Award went to Shawn O’Neill for his unwavering commitment over five years, while the Affiliate of the Year Rising Star Award honored Trish Nicely, Mary Chambers, and Scott Chambers for their exceptional accomplishments in less than five years. JPAR® remains committed to fostering a culture of success and recognizing the contributions of outstanding individuals within its network.
Four years after purchasing their Hidden Hills estate for $9.5 million, Lori Loughlin and her husband, Mossimo Giannulli, have decided to put the property back on the market for a significant increase of $17.5 million. The 2019-built farmhouse-style home boasts six bedrooms and 7.5 bathrooms in nearly 12,000 square feet of living space, along with luxurious amenities and upgrades they have made during their ownership, including new landscaping, a fire-pit seating area, and a bocce ball court.
The most expensive residential real estate sale in Elyria in the past week occurred for a property that sold for $259,000. During the same period, 17 residential real estate sales were recorded in the area, with an average price of $159,929.
Wayne County reported 423 home transfers between April 15 and April 21. The median sale price was $145,135 for a 1,091-square-foot home on Beaverland Street in Detroit.
During the period of April 15-21, 27 home transactions were reported in Sussex County. The median sale price was $410,000 for a 1,896-square-foot home on Ridge Road in Layton.