This year is indeed an exceptional one, when it comes to the real estate market, some of the biggest names from sports, music, movies have joined the real estate game to boost their fame.
Comedian Jerry Seinfeld announced Tuesday that he will have a monthly show at the Beacon Theatre starting Jan. 7. After watching a regular performance of Billy Joel at the Madison Square Garden, the comic was inspired to pursue a regular show.
Tech mogul, Kumar Malavalli, is seeking a buyer for his roughly eight-acre property, with features of a bell tower and an indoor swimming pool. The estate has a whopping price of $88 million.
The former home of silent film star, Harold Lloyd, in Palm Springs has been listed on the market for $3.29 million. The Louise Hampton Team listed the property which has five bedrooms and six bathrooms. The house was built in 1925 for the star of “Safety Last.”
The former apartment of Bruce Willis and Emma Heming in old Central Park West has been listed back on the market for a whopping price of $12.9 million.
In the latest Residential Real Estate Nowcast released by Auction.com, the existing-home sales in November were projected to fall between the seasonally adjusted annual rates of 5.19 and 5.54 million annual sales, with a targeted number of 5.36 million, which is relatively flat from October, though up 8.4 percent year-over-year.
REBNY pointed out that the decreases, especially the notable 6 percent dip in the Madison Avenue 57th to 72nd corridor, is not to be taken as a sign of weakness or loss of interest. The decrease was only a result of the combination of supply available in the said area.
Toronto's home sales showed best results for the month of November compared to last year, while Vancouver's home sales almost broke the record for the same month despite the traditional year-end decline for home listings.