Beachfront House in Culburra Beach (Australia) Vies for a Record of A$6 million
A four-bedroom house with four bedrooms in Culburra Beach has gone on sale for A$5.95 Million (US$4,000,000). Large lounging and dining areas offer views of the ocean, mountains and beach from this home. Kellie Sprowles, First National listing agent, said that if it sold at the guide price it would set a new South Coast suburb record. The property sold last for A$1.05million in June 2013. realestate.com.au
Hong Kong’s New-Home Supply Could Double Next Year, Putting Downward Pressure on Prices
The supply of new homes in Hong Kong could reach as high as 28,000 units in 2023, more than double this year’s total, according to Centaline Property Agency’s prediction. According to the property agency, rising inventory could cause developers to reduce prices by 10% or more in order to attract buyers despite historically high interest rates. In 2022, the number of new homes for sale in Hong Kong amounted to 12,030, a decrease from 2021’s 17,000 units, according to Centaline. South China Morning Post
Meg Whitman Sells West Hollywood, California Home to a Loss
Former business executive Meg Whitman has sold her West Hollywood home in California for $5.495million. This is more than 1 million less than she paid for it in 2018. The 2,300-square foot condo unit at Sierra Towers has an open floor plan that includes a living area, a kitchen, and a dining room. A sliding glass door from the living room leads to a terrace that offers panoramic views across the city and to the Pacific Ocean. Realtor.com
Orlando, Florida, Housing Market Slows
November was a slow month for the Orlando, Florida, housing markets. According to the Orlando Regional Realtor Association there were 1,996 transactions last month. This is a 26.5% decrease from October, and 45.5% less than last year. The association stated that sales volume was lowest since January 2019. Meanwhile, the median sales price fell to $360,000 from October’s $365,000. “The housing market typically experiences a slowdown during the holiday season, and with high interest rates and economic uncertainty, this season’s slowdown may be especially significant,” said the association’s president Tansey Soderstrom. World Property Journal
