Real Estate Blog

An 8,534-square-foot home on Vista Canyon Circle in Mesa sold for a record $6 million — the highest price for a Mesa home listed on the Multiple Listing Service. The home includes a basement with a 16-foot rock climbing wall and a slide leading down to the basement.

A luxury Mequon estate on Lake Michigan has hit the market for the first time ever.

Positioned on nearly 2 acres of woodlands along Burntside Lake, this 4,980-square-foot house holds “immense promise for short-term vacation ventures,” according to its listing with Keller Williams Integrity Realty.

The Mediterranean-style house spans nearly 5,000 square feet on an 11,000-square-foot lot along and features an expansive outdoor space with a pool, docks and a pier. The listing agent describes it as “arguably one of the nicest waterfront properties in all of South Jersey.”

“We are delighted to take on the leasing and management responsibilities for Kukui Mall, a location that embodies both convenience and opportunity,” Coldwell Banker Commercial Principal Broker Chris Millen said in a statement.

Home sales in metro Denver fell last month under the pressure of mortgage rates on 30-year loans approaching 8%, but the market found ways to keep on breathing, according to a monthly update from the Denver Metro Association of Realtors.

Buyers closed on 2,986 homes and condos in October, down 11.6% from September and 15.7% from the pace of sales a year ago. Through the first 10 months of the year, the metro market has seen a fifth fewer home and condo sales than in the same period of 2022 and a third fewer than in 2021.

There were 7,482 properties listed for sale at the end of October in the Denver area, down 1.9% from September and up 2.6% from last year. Sellers provided 3,816 new listings, which was down 16.8% from September and off 0.6% from a year earlier.

The median price of a single-family home that sold in October was $649,000, up 1.4% from September’s median sales price of $640,000 and 3.8% from a year earlier. For condos and townhomes, the median sales price was $425,000,..

The fourth quarter is the best time to buy new construction homes due to builder incentives, price reductions, and rate buydowns, realtors say.

With a limited supply in the existing home market, buyers are turning to new construction for more options.

“This is the best time of year to buy,” said Heather Christensen with The Agency. “As builders near the end of their fiscal year, they want to get these homes off their books, so they don’t carry over the debt.”

Suzi Cook with West+Main said some builders also offer help with closing costs or offer upgrades like better appliances, carpeting, or blinds.

“You can get some great concessions,” Cook said.

New homes offer modern finishes and energy-efficient features but may have downsides, such as longer commutes and smaller yards.

In the second quarter, 30 percent of homebuilders reported using interest rate buydowns to help buyers, said Lawrence Yun, National Association of Realtors chief economist. The association predicts new-home sa..

The firm said it has plans to set up a physical trading floor in Miami.

Following an approval from the county planning commission, the leaders of a proposed movie production hub have unveiled more details about the massive project.

A downtown Portland task force will have to answer a burning question at a Dec. 11 business summit: What's next for the central city?