OPPEXX

Experts in Operational Real Estate

The biggest real estate deals of the year include: -$100,000,000 sale for the first home in the United Kingdom’s biggest market -$2.6 million sale for a house in New Zealand’s top-grossing suburbs -$1.6m sale for an apartment in the UK’s most expensive part of the country, where it costs nearly £7,000 a month -$939,000 sales for the most expensive house in the US, with a price tag of $15 million -$8 million sale in the UAE for a $15.5 million property -$4.2 million sale on the New York Stock Exchange for a property in the New Jersey suburbs of Jersey City -$500,000 deal for a mansion in the British Virgin Islands -$50,000 for a condo in Melbourne, Australia.

-$15 million sale at a Christie’s auction in Singapore for a penthouse apartment in Sydney’s west.

-A $1.8 million home sale in New York City.

-In the US for a second time in as many months, a $1 million sale took place in Washington state, the fourth-largest US city with a population of some 4 million. 

The highest price ever paid for a home in New Jersey was $10.6 billion in May 2017.

New Jersey’s sales rose by 1.7 per cent in the first six months of the calendar year, to a record $2.7 billion, while its sales of luxury condos in the city were up 2.5 per cent, to $1 billion.

In the first half of the fiscal year, New Jersey had the most luxury condos, followed by San Francisco, Los Angeles and Miami.

The biggest seller this year was the $3.8 billion sale of a $30 million, two-storey mansion in New Orleans, Louisiana, to the American Realtor Network for $6.9 million.

The mansion was on the top 10 in the world, behind Dubai, Monaco, London and Paris.

There were 1,064 new listings for luxury condos for the second quarter of the financial year, the highest in five years.

For the first time, the number of listings for residential property in New England grew by 2.4 per cent over the same period.

“These types of increases are driven by both a strengthening economy and strong demand for homes and residential space,” said New York Realtors Association President John Miller.

Sales of condos have continued to surge in the last few years, fuelled by strong demand from millennials and other investors.

Property market: the latest data on New York properties sold, by sale, September 2017 The number of sales of New York real estate in the quarter ending in September was a record 4,037,000 units, up 2 per cent on the same quarter last year.

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