Mansion Global Daily: US ends year with record house prices, color-changing Victorian London and more

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US home prices end the year at an all time high

The median selling price rose 14.6% year-over-year in December to $ 361,171, according to Redfin. Read more

BY THE NUMBERS


TREND TODAY


LIST OF THE DAY


A redesign in rich, whimsical colors fits the era of this Victorian London

The lavish three-bedroom home is a stone’s throw from Julie’s celebrity haunt in chic Holland Park. Read more

TALK TAX


Which US cities will see their property taxes increase in 2022?

Chicago, Pittsburgh, and Chapel Hill, North Carolina all have hikes coming up next year. Read more

NEW BITES

Family retreat outside Melbourne, Australia asks for over A $ 11 million

A two-lot family-owned complex in Berwick, a suburb of Melbourne, Australia, entered the market with a guide price of between A $ 11 million (US $ 7.99 million) and A $ 12 million. . It has nearly 19,000 square feet of living space with seven bedrooms. Covering almost 3 hectares, the property features a swimming pool modeled on the 4.5-star Peninsula Boutique Hotel in Port Douglas, a tennis court and English gardens. The seller had the house custom built 13 years ago, according to the listing agent. If it sells anywhere near demand, it will smash the suburban A $ 9.5 million residential price record set in March by Chateau Beaumont, a five-bedroom, seven-bathroom mansion. real estate.com.au

Hong Kong sets minimum size for apartments built on public land

Hong Kong has set the minimum size for apartments built on government land at no less than 280 square feet, Development Secretary Michael Wong Wai-lun said Thursday. Nano-apartments, which sometimes span less than 200 square feet, are popular among first-time home buyers in the city-state, one of the more expensive housing markets. To increase housing affordability, the Hong Kong government will also expand the supply of building land to accommodate 20,080 housing units, up 56% from its annual target. South China Morning Post

Douglas Elliman goes public after splitting from Vector

Douglas Elliman, one of America’s largest residential brokerage firms, will begin trading on the New York Stock Exchange on Thursday under the symbol “DOUG” after completing his spin-off from Vector Group Ltd. The brokerage has established a strong presence in most of the major luxury markets and will continue to “take advantage of growth opportunities in the highly attractive US residential real estate market,” said Howard M. Lorber, Chairman and CEO of Douglas Elliman. The shares were trading at around $ 10.60 at noon Thursday, up from a morning high of $ 11.40. Yahoo finance

College football coach Mario Cristobal sells Oregon home for $ 1.8 million

Former Oregon Ducks coach Mario Cristobal is selling his house in Eugene, Oregon, for $ 1.8 million. He purchased the newly completed home in April 2020 for $ 925,000. It has approximately 5,000 square feet of living space with four bedrooms and six bathrooms. Cristobal, 51, recently accepted a 10-year, $ 80 million contract to become the head coach of the Miami Hurricanes, the University of Miami football team. Realtor.com

AROUND NEWS CORP

Home Price Rise To High Level In 15 Years, Nationwide Says [The Times of London]

Sydney real estate: Rose Bay Waterfront settles for AU $ 34 million [news.com.au]

Britain’s converted water towers take luxury living to new heights [The Wall Street Journal]

Celebrity-laden Battery Park unit demands $ 18 million [New York Post]


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