Spring Selling Season
As the weather starts to heat up, so does the real estate market. According to a national study published in The Wall Street Journal, Arlington, VA is the #1 seller’s market with a 65.4% absorption rate while the #1 market for buyers is Ocean, NJ with a 4.3% absorption rate.
Amazon’s Jeff Bezos just set a price record in Los Angeles after buying David Geffen's Beverly Hills mansion for $165 million. Meanwhile, in the Hamptons, billionaire Ken Griffin just bought designer Calvin Klein’s Southampton home for a price that could be as high as $100 million, the Wall Street Journal reported.