I enjoy watching the purchase of large real estate. Jamie Foxx reportedly purchased a $10.5 million home in Thousand Oaks. The Hidden Valley purchase felt "right".
The home is located on 40 acres, has 10 bd, 12 ba, a library, and a whole slew of other rooms.
Purchases like this shed light on the recently reported "slow market." There are still many purchases happening in luxury homes, especially in Las Vegas. Those who can afford the highend homes are not as fearful of the downturn.
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience
Slow market? What slow market?
Downturn? What downturn?
The only thing going on here is that existing homes are suffering from all of the new construction.
May 29, 2007 03:52 PM
Dave Sulvetta, eXp Connection, Gloucester County Realtor - Gloucester Twp, NJ
Realtor
is the comission lowered to next to nothing on a house like that ( i mean about 1%) or does it stay at 2.5 - 3%?
If so,,,,wow!
May 29, 2007 03:55 PM
GUYTrendz - Las Vegas, NV
Home Gifts and Products for Men
Linda: thanks for the insite. Sounds like the home made quite a statement.
Tom: I'm with you. As I mentioned, the "slow market" is reported. Buyers are still buying.
Dave: Good question on that property.
May 29, 2007 04:23 PM
Real Estate Resources
Recent Posts
ActiveRain Community
about 15 years ago
Las Vegas real estate, Las Vegas homes, Las Vegas real estate agent news information.
Comments(4)