Day: July 4, 2020

Luxury Home Prices Dropped 2.3% This Spring

Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.

The median sale price for luxury homes nationwide dropped 2.3% year over year to $1,099,521 in the 12 weeks ending June 14, one of the biggest declines since at least the beginning of 2015. But the latest data shows the luxury market may be starting to rebound, with the median sale price for homes in the top 5% rising 3.5% year over year for the 7-day period ending June 14 (the shorter timeframe has

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Cambridge St, Belmont auction attracts entry-level five bidders

Winning bidders Emma and Michael Spencer are looking forward to calling Cambridge St, Belmont home. Picture: Glenn Ferguson


A CHANCE to join in the rejuvenation of a popular Belmont street saw five bidders compete for an entry-level house auctioned on Saturday.

Melbourne couple Emma and Michael Spencer couldn’t believe their luck after outlasting the competition for the keys to 24 Cambridge St.

They paid $610,000 for the three-bedroom house in Belmont’s ‘Golden Triangle’, a sought-after leafy pocket close to High St and schools.

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