Day: September 10, 2020

Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years

September 9, 2020 by

Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast.

Key takeaways for the 4-week period ending August 30:

  • Median home sale price increased 12% from 2019 to $318,473—the highest on record.
  • Pending home sales climbed 21% year over year, the largest increase since the four weeks ending October 18, 2015.
  • New listings of homes for sale were up 7% from a year ago—the largest increase since the four weeks ending
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Former healthcare chief Chris Rex sells in Tamarama for $11.5m+

No. 10 Thompson Street, Tamarama sold for more than $11.5m.

The impressive Tamarama home of former Ramsay Health Care chief Chris Rex and his wife Lynette, has sold tonight for more than $11.5m.

PPD principal Alexander Phillips with co-agent D’Leanne Lewis of Laing and Simmons Double Bay had picked up the listing for Pavilion House at 10 Thompson Street in mid-August and been quoting a guide of between $11m and $11.5m.

Both agents refused to advise on the sale price tonight. However, separate sources have told the Wentworth Courier that the five-bedroom, four-bathroom Walter Barda-designed property with 180-degree views sold

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