As Winter Approaches, Caribbean Islands May Be a Lure for Both Investors and Second Home Seekers

Well-off buyers and renters are eyeing homes on islands with warm weather, privacy, and low rates of Covid-19. Read More

BY THE NUMBERS
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LISTING OF THE DAY

City Skyline Views Are on Display From This Milan Duplex

The apartment is surrounded by green space. Read More

NEIGHBORHOOD NOTES

Providence’s College Hill is Picturesque, With a Diverse, Academically Minded Population

The neighborhood is home to the Rhode Island School of Design and Brown University. Read More

NEWS BITES

Actress Cate Blanchett Sells Apartment in The Astor in Sydney

Actress and theater director Cate Blanchett and her husband, Andrew Upton, have sold a two-story apartment in The Astor, a 1923 landmark building in Sydney, which they listed for A$12 million (US$8.77 million) in March. The couple bought the home for A$8 million five years ago. Listing agent Ken Jacobs of Christie’s International Real Estate declined to release the sale price. Domain

50,000-Acre Chilean Island Is Being Offered for Sale for $20 Million, Causing Uproar

The 50,000-acre island of Guafo, off the coast of Chile, is for sale for US$20 million. It "boasts more than 44 miles of coastline and provides a home to a diverse array of flora and fauna," according to the listing with Private Islands Inc. But the sale has caused an uproar among environmentalists, who argue that it’s a hotspot for biodiversity as well as the local indigenous people, who say it’s part of sacred land. The Guardian

Despite Buyer Requests, U.K. Home Sellers Not Budging on Prices

Though 45% of prospective U.K. buyers are asking for price reductions due to Covid-19, sellers are not budging, according to Strike, an online estate agent. Buyers are most likely to attempt to negotiate in London, where 70% of sellers say they’ve been asked to accept a lower price. A quarter of sellers say they’d consider a price drop between 5% and 10%, while more, 29%, say they won’t accept an offer below asking price. Strike also found that 52% of sellers are confident that they can make a sale this year, and 18% say they’re seeing more interest than expected. PropertyWire

Home Prices in California’s Bay Area Hits Record High in August

Despite the coronavirus and with wildfires raging, home prices in California’s Bay Area hit a record high in August, according to a California Association of Realtors report published Thursday. The median sales price for existing single-family homes reached $1.068 million last month, a 1.7% increase from July and a robust 18.7% rise from the same period last year. San Francisco Chronicle

AROUND NEWS CORP

L.A. Property Where Artie Shaw, Lana Turner Once Lived Lists for $46.5 Million [The Wall Street Journal]

Where To Buy Property in a Low-Tax Country [The Times of London]

Brooklyn Townhouse With Indoor Pool and Yoga Greenhouse Selling for $8M [New York Post]

How To Create a Kitchen With a Soul, According to Home Design Experts [realtor.com]