December 17, 2022
Whether they illuminate a traditional townhouse in Southampton or a chic contemporary residence in Southern California, distinctive light fixtures make each of these homes shine.
Single-family home sales for Q4 2021 priced from $1 to $2 million increased 50.6% compared to Q4 2020, with 491 homes sold in the quarter versus 326 homes…
Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family home dipped slightly to $1,049,500, while the median condo sales price rose to $502,500.
In the single-family home market, the $800,000 to $999,999 range saw a whopping 225% increase, with 143 listings available at the end of the year compared to just 44 listings in December 2021. In the condo market, active inventory most significantly increased primarily in the mid to upper price ranges. Year-over-year, active inventory in the $400,000 to $1,999,999 price range rose by 50%.
The percent of original list price received continued to dwindle, with single-family home sellers receiving a median of 96.7% of their asking price in December 2022, falling from 102.1% last year. In the condo market, the median percentage of the original list price received was 98.5% compared to 100.0% in December 2021.
Whether they illuminate a traditional townhouse in Southampton or a chic contemporary residence in Southern California, distinctive light fixtures make each of these homes shine. Woolworth Tower Aerie Stan Ponte, Joshua Judge | Sotheby’s International Realty – East Side Manhattan Brokerage Towering above the city in the illustrious, amenity-rich Woolworth Building, this 2,548-square-foot condominium residence […]
CONTEMPORARY LANDSCAPES, PARTY BARNS, AND BESPOKE HOME COCKTAIL BARS ARE ALL THE RAGE Landscape painters are telling stories that reach far beyond stars, sky, and sea; backyard barns are playing host to elaborate get-togethers; and custom cocktail bars are serving drinks in style at home. Here are the latest trends in art, architecture, and design. […]
2022 began with a sharp jump in both single-family home and condo sales – combined, Oahu’s housing market saw a 28.6% sales increase compared to January 2021…
There’s a lot to consider when buying your first home in the Islands, so here are a few helpful tips to get you started. There’s no doubt about it, buying a home—especially in Hawaiʻi—is a daunting task for first-time homebuyers. From qualifying for a mortgage loan to deciding on a location and learning what schools […]
Sotheby’s International Realty® is pleased to announce the release of its 2022 Luxury Outlook report, which identifies the trends likely to shape the world’s prime housing markets in the year ahead.
The comprehensive report offers insight into the high-end real estate industry as the starts-and-stops of the pandemic’s reopening fueled even stronger demand and inventory struggled to keep pace.