The boxy, contemporary mansions that have popped up across Los Angeles over the past decade are losing favor with some high-end buyers, who instead are turning to the past.
Real estate agents have noticed a larger group than ever of high-net-worth buyers interested in purchasing homes in the L.A. area’s array of heritage architecture styles, from mid-century gems by the likes of architects Craig Ellwood, A. Quincy Jones, and Richard Neutra to revivalist English Tudor- and Spanish Colonial-style abodes that offer a feeling of lived-in history.
“Over the last 10 years, there was a huge influx of new construction and spec development, and I just see the same houses sitting or not selling or selling again and for much less,” said Compass agent Rob Kallick, who runs the popular Instagram account Take Sunset that features for-sale homes with history across the city.
Kallick said interest in these new construction and spec homes in the ultra-high-end market has dipped, perhaps because “they’re missing some of the authenticity and character that older homes have that people cherish still. I’ve seen those homes sell immediately.
Milan has a magnetic pull that differs from the other leading lights of Italy. The city is home to several of the most well-known buildings and pieces of art in all of Italy, yet rather than a strict reliance on its past, is more forward looking than its neighbors.
Rome is a historic epicenter contained within a chaotic present, Venice is a living postcard that’s unique to itself, and few places match the condensed charm represented by cultural powerhouse Florence. What of Milan, then?
In some ways, the city cannot compete with the aforementioned trio of heavy-hitter Italian attractions, and at the same time, would proudly say of itself it very much doesn’t need to. Milan carries the allure of the fashion world and the contemporary arts scene that moves alongside it, the money pouring in from big business and top brands, and the metropolitan trappings it fosters, and the distinctive energy and lifestyle of aperitivo culture.
A look at the current scene reveals that for those looking to experience the best of modern-day Italy, while witnessing cutting-edge trends whether on a runway, at a gallery, on a plate or in a cocktail, there’s no place like Milan.
Amenities include its own power plant, 3,000 fruit trees, a guesthouse, organic gardens and nurseries, a new pool and a soccer field.
A magazine editor took up a hobby renovating old houses, though she found plenty to refresh in this 2003 property outside Ann Arbor.
Jose Altuv, the star second baseman for the Houston Astros, has purchased a posh South Florida condo for $4.8 million. Set in Sunny Isles Beach in the Jade Signature building, Altuve’s three-bedroom, 4.5-bath residence sits 21 miles north of Miami. The residence had been on the market for $4.95 million, so Altuve also scored a slight bargain. Realtor.com.
House prices boomed in Austin, Texas, over the last decade, with the median price skyrocketing almost 87%, according to a report by real estate database PropertyShark. The report analyzed home prices in 41 of the most populous U.S. cities and locales in 2014 and 2023. The median sale price of a home in Austin in 2014 was $287,000, and a decade later, they nearly doubled, landing at $538,000 in 2023. Culture Map Austin
Neglected 1980s Beach Shack in Australia Asking More Than A$1 Million Bags a Buyer
An abandoned Australian beach house on the Perth coastline that was asking upward of A$1 million (US$666,965) has found a buyer. The brick house, built in 1984, most recently had a guide price of “offers over A$1.1 million,” due to “unprecedented demand.” The home has sat empty for the past three years and has untouched retro features such as a sunken living room, taupe carpets and frosted amber glass in the bathrooms. Domain
Home Prices up 1% in These 4 Canadian Cities
Median home prices in Calgary, Edmonton, Hamilton and Ottawa were all up by just over 1% between April and May, which translated to a C$4,000 to C$7,000 (US$2,920 to US$5,111) increase, according to data from ratehub.ca. Edmonton remains the most affordable housing market in Canada, with the median price still below C$400,000. Vancouver prices saw a negligible increase from $1.2 million to $1.21 million. The recent Bank of Canada cuts could lead to even higher prices throughout the summer.
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