July’s Most Expensive Home Sales Include Spelling Mansion, Obama’s Former Summer Retreat
SEATTLE--(BUSINESS WIRE)-- #housingmarket--A Los Angeles estate known as the “Spelling Manor,” after its former owner–producer Aaron Spelling–was the most expensive home sale of July, bringing in $110 million. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. The next-most expensive sale was a beachfront compound in Delray Beach, FL, which fetched roughly $51 million. All in all, four of last month’s 10 most expensive home sales were in Southern California, five were in
Related Questions
How will the $110 million Spelling Manor sale affect Redfin's transaction volume and revenue guidance?
Does this high‑value sale signal a resurgence in the ultra‑luxury housing market, and how might that influence overall housing price indices?
How does the concentration of high‑price home sales in Southern California compare to previous months and other regions?
What impact could this news have on the stock price of Zillow (ticker Z) and other real‑estate platforms like Redfin and Realtor.com?
Will increased activity in luxury home sales translate into higher commission revenue for real‑estate brokerages?
How might this high‑profile sale affect investor sentiment toward real‑estate ETFs and REITs focused on luxury residential properties?
What are the potential long‑term implications for the luxury market segment on overall housing market dynamics?
How does this sale compare to previous high‑value sales in terms of price per square foot and potential market bubble indicators?