Demand May Be Cooling but the U.K.’s Heated Market Conditions Are Here to Stay
Prices reached £230,700 in June, a new high. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Redwood-Clad Mid-Century Gem in Los Angeles Comes Fully Restored
Notable talent agent Greg Cavic and his wife, Jessica Cavic, have updated the 1960s home by architect Robert Skinner. Read More
SMART HOMES
Smart Projectors for the Ultimate Outdoor Movie Nights
These high-tech models will make you feel like you have your own drive-in theater your backyard—no cars necessary. Read More
NEWS BITES
Deals for Newly Built Homes Dropped 19.4% in June
New home sales fell 19.4% year over year in June, the lowest level since April 2020, when much of the U.S. and world was following stay-at-home orders prompted by the Covid-19 pandemic, according to data released by the U.S. Census Bureau on Monday. In addition, June’s annualized rate of 676,000 was down 6.6% compared to the previous month. The median price of a newly built home ticked up 6% in June, compared to the same time in 2020, down significantly from the record highs of up to 20% recorded in the prior 12 months. CNBC
Balthazar Getty Sells Hollywood Hills Property for $8.4 Million
Former actor, DJ and oil heir Balthazar Getty—who is the great-grandson of oil baron J. Paul Getty—and fashion designer Rosetta Millington Getty have sold their Hollywood Hills, Los Angeles, home for $8.4 million. There’s a total of about 6,600 square feet of living space between the main home and guest house, both of which boast solar panels. The couple purchased the home in 2003 for $2.15 million, and originally asked $10.5 million when it was listed in 2015. Dirt.com
Homes in Sydney Neighborhood of Northern Beaches Spend Least Time on Market in Australia
Homes sold in Australia in June spent a median of 38 days on the market, about a 46% drop compared to 71 days in June 2020. Residences in Northern Beaches, a Sydney neighborhood, spent a median of 22 days on the market, the lowest number in the country. Of the 10 areas that spent the least time on the market, eight of them are in New South Wales and only one of those eight, Illawarra, is not located in the Greater Sydney region. realestate.com.au
Thomas Heatherwick and Bjarke Ingels Projects on World Architecture Festival Shortlist
The World Architecture Festival has unveiled its shortlist, which includes 200 of the best new buildings and landscape designs from around the world. It includes the Musée Atelier Audemars Piguet, a watchmaking museum in the remote Swiss mountain town of Le Brassus designed by the Bjarke Ingels Group; a park in Sanya, China, that was restored by architecture firm Turenscape; and a support center for cancer patients in Leeds, England, by Heatherwick Studio. Winners will be decided at the festival in Lisbon, Portugal, in December. CNN
AROUND NEWS CORP
Eight Postcodes Where House Prices Rose by More Than £100,000 This Year [The Times of London]
Brooklyn Nets Owner Revealed as ‘Mystery Buyer’ of $157M NYC Condo [New York Post]
These Are Some of the Most Racially Diverse Second-Home Markets to Consider [MarketWatch]
First Home Buyers Priced out as Aussie Property Boom Continues, but Surge Tipped to Slow Next Year [news.com.au]
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