From April 15th to 21st, 17 home sales were reported in the Jackson area. The median sale was a 2,336-square-foot home on Chandler Road that sold for $650,000.
Results for: Real Estate
The Irvington area witnessed two home sales between April 15th and 21st. The median sale was recorded at $270,000 for a 1,854-square-foot property on Webster Street.
Two homes were sold in Union Township from April 15 to April 21, with a median sale price of $466,000. The highest-priced home was sold on Cypress Drive for $466,000, while the lowest-priced home was sold on Orchard Meadows Drive for $250,000.
From April 15th to April 21st, there were 12 home transactions reported in the Wayne area, with a median sale of $650,000 for a 1,532-square-foot home on Alps Road. Notable sales include 170 Chestnut Drive, which sold for $535,000 (1,434 square feet, $373 per square foot).
In a high-profile move, actor Matt Damon has purchased an $8.6 million condo at the prestigious 8899 Beverly building in West Hollywood, following in the footsteps of Comcast CEO Brian Roberts. The lavish unit boasts a spacious 2,900 square feet, two bedrooms, two bathrooms, and a sprawling 1,600-square-foot private outdoor terrace with panoramic views of the Hollywood Hills. Designed by Olson Kundig, the building offers amenities such as a fitness center, yoga studio, private auto stable, and an onsite Italian restaurant.
A magnificent single-story abode at 12 Andrew Way in the picturesque town of Truro has been acquired for a substantial $1,750,000. This recently constructed home, built in 2022, offers an expansive 2,625 square feet of living space, with four spacious bedrooms and three well-appointed bathrooms. Its modern design is characterized by a sleek flat roof featuring durable roll composition roofing.
A spacious property located at 9 Algonquian Drive in Natick was sold for $1,300,000 on April 1, 2024. Built in 1996, the two-story house offers a generous 2,215 square feet of living space, featuring four bedrooms, three bathrooms, and a fireplace. The property also includes an attached one-car garage and is equipped with forced air heating and a cooling system. Set on a 0.5-acre lot, the home offers ample outdoor space.
Starwood Property Trust (STWD) continues to perform relatively well in a challenging real estate market, thanks to its diversified business model. The mortgage REIT has faced headwinds from rising interest rates, but its exposure to floating-rate loans, owned properties, and real estate services has provided some insulation.
STWD’s largest lending segment is multifamily, and the REIT also has exposure to office, RMBS, and infrastructure. The company’s portfolio is well-diversified across asset classes and geography, which provides some protection against downturns in any one sector or region.
While the outlook for the REIT sector remains cloudy, STWD is well-positioned to weather the storm. The company has a strong balance sheet, a conservative underwriting approach, and a proven track record of success. As a result, STWD is one of the best mREITs to consider investing in today.
Equity Residential (EQR) reported solid first-quarter 2024 results, with funds from operations (FFO) exceeding analyst estimates. The company’s President and CEO, Mark J. Parrell, attributed the positive performance to strong demand from affluent renters, limited new apartment supply, and effective expense management.
For the second quarter, EQR expects normalized FFO per share of $0.92-$0.96, in line with the consensus estimate of $0.96. Same-store net operating income is expected to increase during the quarter.
In Q1, EQR sold three properties for a total of approximately $248.5 million.
Overall, EQR’s strong demand dynamics, limited new supply, and focus on expense control continue to drive positive results.
A spacious four-bedroom, three-bathroom house in Milpitas has been sold for $1.787 million. The property, built in 1978, features a two-car garage and is situated on a large 6,552-square-foot lot. The home offers ample living space with its four bedrooms and three bathrooms.