Covid vaccines didn’t just help fight the pandemic – they also boosted the high-end market in Boston, where Moderna employees are seeking expensive homes. Moderna employees inserted themselves into the city’s luxury market in a major way in recent years, the Wall Street Journal reported. One broker, Lori Orchanian of Coldwell Banker Realty, referred to it as the “Moderna halo effect.” Shares of the company, based in Cambridge’s Kendall Square, soared after its vaccine became
The Hamptons housing market is showing signs of stabilizing for the first time since the pandemic, but that doesn’t mean homes will become more affordable anytime soon. While inventory remains near historic lows, constraining sales, the area’s new supply rose, according to a report compiled by Miller Samuel for Douglas Elliman. Supply rose 13 percent from quarter to quarter to hit 5.1 months, though it’s still down annually by 25 percent. “The market remains extremely
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A condo in Fortis’ new Olympia Dumbo development and a brownstone in Fort Greene once owned by Ernest Crichlow were the priciest Brooklyn listings to go into contract last week. The most expensive was Unit 19E at 30 Front Street, which was asking $5.5 million, according to Compass’ weekly report of Brooklyn homes listed for $2 million or more. The 2,300-square-foot apartment has three bedrooms, two bathrooms and a private terrace facing the East River.
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A Fort Greene passive house is about to break the neighborhood sales record just a few months after it was set. The renovated townhouse at 6 South Oxford Street, a stone’s throw from Fort Greene Park, went into contract last month for roughly $1 million over the $7 million asking price, according to Compass’ Christine Blackburn, who listed the property with her business partner Lior Barack. It was on the market for barely a week.
A 160-year-old townhouse in Brooklyn Heights led Brooklyn contract signings last week. The 5,000-square-foot house at 77 Columbia Heights went into contract asking $17.777 million, and if it closes near that price, it would be the most expensive sale this year in Brooklyn, according to Compass’ weekly report of homes asking $2 million or more. The stately five-bedroom, three-bathroom brick house commands a corner lot overlooking the East River. On the other side, a landscaped
Even by luxury standards, the estate 40 miles outside Denver was a rare find: a 45,000-square-foot, 11-bedroom mansion with an art and wine collection, four kitchens, three guest apartments and an entertainment wing with a dance floor, bowling alley, indoor pool and spa. The 70-acre grounds included manicured gardens with waterfalls, two stocked fish ponds and a panoramic view of the Rockies. Potential buyers filtered in from around the world and across professions. Auto collectors
Working 12-hour days in San Francisco, Jaqui Braver’s thoughts often drifted to the mountain villa she was building in Lake Tahoe, where she pictured herself skiing powdery snow and breathing Alpine air. This past summer, a year after leaving the Bay Area for her “fairy tale” log house, her journey to happily ever after hit a speed bump: The wildfires that are now an annual occurrence across the West threatened her brand- new home. “I
This year’s housing market has been dominated by sky-rocketing prices and record-breaking shifts among the luxury market, according to TRD Editorial Director Hiten Samtani. In an appearance on “The Watch List,” a program on the TD Ameritrade Network, Samtani noted the luxury market in Manhattan — defined as sales of $4 million and greater — has already seen a record year. The market hit $11.4 billion last week after 27 contracts were signed, breaking an
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“Hedge fund vampire” Heath Freeman is biting into Miami’s luxury home market. Freeman, managing director of New York-based Alden Global Capital, picked up a waterfront mansion in Camp Biscayne, a gated Coconut Grove community, for $19 million, records show. Freeman financed the purchase with a $12.4 million loan from Wells Fargo Bank. The sellers of the 9,700-square-foot, six-bedroom, six-bathroom house at 3503 Main Lodge Drive in Miami are David J. Ivler and his wife, Jessica.
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San Mateo County’s median home price exceeded $2 million in the second quarter, the first county in the Bay Area to pass that milestone, as luxury home sales across the region gained, according to Compass reports. Sales of homes for $3 million and up in the Bay Area more than doubled from a year earlier, the report said. There were 1,785 sales above $3 million, a jump of 137 percent from the previous pre-pandemic high