Florida Gulf Coast Dominates U.S. Luxury Housing Market in Latest WSJ/Realtor.com Rankings

For many smaller cities in the Sunshine State meeting demand has been like "drinking out of a fire hose." Read More

BY THE NUMBERS

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TRENDING TODAY

MANSION GLOBAL ON YOUTUBE

A Chance to Live Like Fashion Royalty on the French Riviera

The latest episode of Mansion Global’s YouTube series tours Karl Lagerfeld’s former home in the South of France. Read More

LISTING OF THE DAY

This Landmark 1930s Houston Home Is Fit for a Wine Collector

The elegant house in the city’s River Oaks community was designed by Birdsall Briscoe and has a 2,000-bottle wine vault. Read More

SMART HOMES

High-Tech Heat for Outdoor Entertaining

These devices will warm up your winter gatherings with advanced technology. Read More

NEWS BITES

A New Jersey Mansion, Once Asing $68 Million, Has Sold

A mansion in New Jersey that was once the most expensive in the state has sold for $27.5 million. The Stone Mansion in Alpine first listed in 2010—before construction on the property was completed—for a whopping $68 million. The price tag was adjusted over the years, and the home, which was finished in 2013, was most recently asking $32.9 million. The 30,000-square-foot spread has 12 bedrooms, a ballroom, a martini parlor, his-and-her libraries, multiple art galleries and a wine tasting room. New Jersey 101.5

Homes in Celebrity Hot Spots Command a Premium in the U.K.

U.K. residents can expect to see a value premium attached to homes in areas that are popular with the rich and famous. Across the country, postcodes that are home to a high level of so-called "celebrity activity" command an average house price of £971,052 (US$1.3 million), 49% higher than the average for the wider area, according to data from property portal MoveStreets. The upcharge climbs to 116% in the celebrity enclave of Mayfair in London. The average house price across Mayfair postcodes is £2.2 million, £1.2 million more than the wider borough of Westminster. Property Reporter

Australian Coastal Enclave Kiama Is Attracting Deep-Pocketed City Buyers

The Australian seaside village of Kiama is feeling the influence and affluence of the Sydney market, some 75 miles north, as buyers from the city look for a change of pace. The town and its famous beaches have long been a magnet for retirees, but now, "given people’s growing ability to telecommute, young professionals and families are moving to the area and taking advantage of this trend, happily making the 90-minute commute from Kiama to Sydney, once or twice a week," said Daniel Watt of South Coast Prestige Properties. Median house prices in Kiama have risen 26.1% to A$1.16 million (US$827,723), according to the latest Domain House Price Report. Domain

Competition Is Fierce in Seattle’s Housing Market

Seattle-area home buyers, facing a housing market with sky-high competition and limited stock, are having to pay $300,000 to $500,000 over asking price. In some extreme cases, homes are trading for nearly $1 million over ask. "If you’re a buyer, it’s tough. It’s pretty brutal out there," said Kendra Todd, a real estate broker with Kendra Todd Group at Keller Williams. "It’s fairly common—on the Eastside in particular—for people to be escalating $300,000, $400,000, $500,000 over list price." KIRO 7

AROUND NEWS CORP

Spain’s Digital Nomad Visa: Where Brits Should Buy Property to Work in the Sun [The Times of London]

Sick of Seeing Your Ugly Propane Tank? Here Are 4 Designer Tips to Disguise It [Realtor.com]

Home Prices Likely Kept Climbing at a Rapid Pace in November [Barron’s]

Miami Home Inspired by Frank Lloyd Wright Asks $30 Million [The Wall Street Journal]