Find, Analyze and Dominate a Real Estate Farm
Market dominance usually starts small: Identify a geographical farm area with strong sales, one where no agent dominates the market. Then become that person....
Author : Liset Hanes
The luxury market in 2021: sky-high prices, scandals and acquisitions
The luxury housing market had a strong year in 2021, filled with big acquisitions, eye-popping deals and exciting new trends...
Venezuelan oil executive sells Golden Beach mansion for $15.5M
This is the first time the home has sold....
Marketing exec’s firm buys One Thousand Museum penthouse for $18.5M
This is the second-highest sale at the Zaha Hadid-designed condo....
Luxury homes sold for way more
Redfin also found that the median sales price of a luxury home climbed 25.8 percent year-over-year during the second quarter of 2021, ultimately hitting $1....
Second home demand surged
Thanks in part to new remote work policies, many office workers had the ability to work from new locations, including beach houses and ski chalets,...
Investors bought nearly 1 in 5 houses
In total, Redfin reported that investors bought 18.2 percent of all homes that sold during the third quarter of the year. That’s up from 11/2...
Mortgage rates plummeted
In early January, average rates for 30-year fixed mortgages bottomed out at 2.65 percent, which Redfin describes as an all-time low. Source: Freddie Mac, 30-year...
Most homes sold for more than their asking price
In June, 56.5 percent of homes sold for more than their listing price. The report describes that figure as a “record high and up 29.6...
Days on market hit 15
On average, homes in both June and July sold in just 15 days, which Redfin described as the “lowest median days on market in history...