A quick rundown of the important real estate news from the week of May 21 – May 27, by the numbers:
$1.695 Million – Sale price of Sarah Palin’s new Scottsdale, AZ home. The house was previously sold last year for $803,650.
$1 Billion – Approximate sale price of a portfolio of commercial loans Allied Irish Banks sold to Blackstone Group and Wells Fargo. “The sale by Allied Irish, which was effectively nationalized after its near-collapse during the financial crisis, is part of a move by Irish banks to take advantage of a recovery in U.S. commercial property to shrink their holdings of troubled loans.”
$50,000 – Rental listing price/per month for the Tribeca townhouse now rented by Dominique Stauss-Kahn. The former IMF Managing Director is staying at the luxurious townhouse while on bail, awaiting trail on charges of sexual assault. The townhome was purchased for $6.8 million in 2008 and since then, has undergone a $4 million renovation.
28% – Percentage of all home sales that were foreclosures in first quarter of 2011 in the U.S. That percentage is down from the peak two years ago when 37.4% of all home sales were foreclosures. “In all, 158,434 homes in some stage of foreclosure were sold in the first quarter, down 16 percent from the last three months of 2010 and down 36 percent versus a year ago.”
4.6% – Average rate on a 30 year fixed mortgage this week according to Freddie Mac. That’s down from last week’s 4.61% average rate.
11.6% – Drop in the National Association of Realtors Pending Home Sales Index in April. The drop was greater than expected, however, bad weather in the south may have contributed heavily.
$4.1 Million – Listing price for “Shangri-La,” the famous house in Malibu, CA, where famous musicians such as Bob Dylan and Eric Clapton recorded ithe 60s and 70s. “There’s just one catch: as the new owner, you need to remain the music steward of the property and carry on its legacy as a place for rockers to come, hang out and record albums.”
42.7 – Median age of a Maine resident. It’s the oldest median age for any state in the U.S., more than 5 years older than the national average. Utah is the youngest state in the U.S., with a median age of 29.2.