Residential Real Estate in your city

[Wigs]

As pretty as the Miami area is, with climate change accelerating it would be awful foolish to buy an expensive home there. In my humble opinion.

[dave8721]

Originally Posted by DCReid

The end of 2025 saw New York City dethroned as the capital of million-dollar listings, with Miami emerging as the major U.S. metro boasting the most seven-figure properties for sale.

By December 2025, Miami had 10,591 listings priced at $1 million and above, compared with NYC's 10,176, according to the latest Realtor.com® luxury housing report...

https://www.yahoo.com/finance/news/miami-overtakes-york-major-u-110000162.html

I did a realtor search and came up with just 10,475 listings in Miami IN TOTAL (of any price). Maybe this is metro-wide?

[dave8721]

If anyone has $175 million lying around, this waterfront compound in Coral Gables could be yours. UM megadonor selling his house. Maybe to fund more NIL deals
https://www.google.com/maps/place/620+Ar...I2MDIwNC4wIKXMDSoKLDEwMDc5MjA2OUgBUAM%3D

John Ruiz lists his waterfront Gables Estates mansion for $175M

https://therealdeal.com/miami/2026/02/02/john-ruiz-lists-gables-estates-mansion-for-175-million/

[Steely Dan]

I'm a bit of a regular zillow browser, not because I'm looking to buy or sell anytime soon, I just find it interesting to keep track of the local real estate market going on around me.

What's really noticeable to me right now is the almost total lack of avaliable inventory in my immediate area.

In the entire square mile around me on the northside of Chicago, bounded by Western, Montrose, Kedzie, and Foster, there are only 3 properties currently available for purchase (all 3 of them being 2-bed condos in the $250K - $350K range).

That's it. In a 1 sq. mile area of city with population of about 25,000 people. Inventory has been low around here for quite some time, but I think this might be a new low since I've been paying attention.

[Wigs]

Welcome to the Williams-Butler Mansion, a singular piece of Buffalo’s rich history now offered for sale. Designed by world renowned architect Stanford White of the prestigious firm McKim, Mead & White, this iconic residence commands the corner of Delaware Avenue and North Street. The remarkable 40-room estate spans 3.28 park-like acres at 672 Delaware Avenue, anchoring Buffalo’s famed “Millionaires’ Row.”
Inside, the mansion showcases extraordinary original woodwork, countless marble fireplaces, and exceptional craftsmanship throughout—details that truly set this historic property apart. The possibilities are limitless: restore the mansion to a grand single-family residence, reimagine it as a boutique hotel, develop executive office space, or create an elegant event venue utilizing the two commercial-grade kitchens located in the basement. Together, the main house and the historic carriage house provide over 29,000+ square feet of living and functional space. Ample private parking with 53 surface parking spaces, multiple courtyards, and expansive grounds further enhance the property’s presence and potential. Here is your chance to own a monumental part of Buffalo's history.

Price cut to $3.9M. It was owned for 7 decades by the Butler family, publisher/longtime owner of The Buffalo News. It's been used as offices for the last 5 decades under various ownership. Purchased a few years ago by Washington DC developer, Doug Jemal of Douglas Development which had acquired quite the Buffalo/WNY real estate portfolio

The main house is roughly 21,000 sq ft and the carriage house adds roughly another 8,000 sq ft. Set on 3.2 acres right in the heart of Buffalo, NY.












Zillow listing
https://www.zillow.com/homedetails/672-Delaware-Ave-Buffalo-NY-14209/458829176_zpid/

2 min video from ABC affiliate WKBW (can't insert video due to restrictions)
https://youtu.be/9CRr21YmlcE?si=F9S77PNDSukfH12X

edit: found a drone video from a few years ago. Like stated above it had primarily been office use since the 1970s.
• Video Link

[Altoic]

Lol I don't know if this a regional crisis but Toronto's housing market is cooked beyond belief. 269 homes sold last month, compared to a historical average of 1,339 units.

Of the 269 homes sold, 85 were condos.

https://globalnews.ca/news/11685953/bild-january-new-home-sales-gta/

[Wigs]

That seems like blatant misinformation.
City of Toronto, 1,074 sales

https://trreb.ca/wp-content/files/market-stats/market-watch/mw2601.pdf

[Yuri]

In São Paulo capital (11.8 million people), 113k residential units were sold in 2025. Average of 10k/month.

[Altoic]

Originally Posted by Wigs

That seems like blatant misinformation.
City of Toronto, 1,074 sales

https://trreb.ca/wp-content/files/market-stats/market-watch/mw2601.pdf

New home sales (I should've specified)

[Nite]

Originally Posted by Altoic

New home sales (I should've specified)

Purpose built rentals are the vast majority of what is being built in Toronto.
So any number about housing in Toronto should include how much of that is being built.
There is currently 28,000 purposed built rentals under construction in the Greater Toronto with 10,000 starts in 2025.

here are the housing starts for Canadas largest metros for January

[sopas ej]

From KTLA News:

L.A. County’s total property value surpasses $2 trillion

The total property value in Los Angeles County has surpassed $2 trillion, marking the 16th straight year with an increase.

Statistics released L.A. County Assessor Jeff Prang indicate that, despite the devastating wildfires in January 2025 and “a cooling real estate market,” the 2026 L.A. County Assessment Roll reached a record $2.272 trillion in total net taxable value. That figure marks a nearly 4.5% increase from the previous year — or $96 billion more.

Per a release issued by Prang’s office, the monetary increase will generate more than $27 billion in property tax revenue to support vital public services, including public education, public safety, healthcare, libraries, parks, and other local government services throughout Los Angeles County.

[suburbanite]

Originally Posted by Nite

Purpose built rentals are the vast majority of what is being built in Toronto.
So any number about housing in Toronto should include how much of that is being built.
There is currently 28,000 purposed built rentals under construction in the Greater Toronto with 10,000 starts in 2025.

here are the housing starts for Canadas largest metros for January

More purpose built rental supply is obviously a good thing. It doesn't change the fact that the new home market has major structural issues right now.

The headline probably a bit clickbaity in that January is historically a low point for new home sales. Most builders are going to launch sales programs in the spring when the ground is thawed and they can dig foundations once they have an executed purchase and sale agreement. Pretty sure monthly sales spiked significantly after March, however that coincided with the HST rebate. The HST rebate is a nice temporary program to inject some momentum into a market that's been in stasis for years, but unless it becomes a permanent program, there are major issues that still need to be addressed.

[badrunner]

From The Wall Street Journal:

An Unfinished Beverly Hills Penthouse to Sell for a Record $200 Million
If the Aman condo closes for that price, it would become the most expensive condo sold in the Los Angeles area

By E.B. Solomont
July 14, 2026 6:00 pm ET

An under-construction penthouse in Beverly Hills is poised to sell for $200 million—a price that would smash the condominium sales record in the Los Angeles area, according to the developer.

Located at Aman Beverly Hills, the residence will occupy half of the top two floors of a 28-story tower, the first of two planned condo towers being developed alongside a 78-room Aman hotel.

[dimondpark]

Youd think that since everyone is moving to TX and FL, home prices would be falling?

House-Sold on May 15, 2026
$3,250,000
2 beds 1 bath 996 sqft
3750 Ross Road, Palo Alto, CA 94303

https://www.estately.com/listings/info/3750-ross-road-palo-alto-ca-94303

House Sold on May 14, 2026
$3,930,000
3 beds 2 baths 1,215 sqft/
360 Stanford Avenue, Palo Alto, CA 94306

https://www.estately.com/listings/info/360-stanford-avenue-palo-alto-ca-94306--3

[dimondpark]

hilarious...

San Francisco Home Sellers Don’t Just Want Cash Anymore. They Want OpenAI and Anthropic Stock: ‘There’s a Bit of Gold Rush’
Jonathan Small
Mon, July 13, 2026 at 6:13 AM PDT

https://finance.yahoo.com/real-estate/articles/san-francisco-home-sellers-don-131300234.html

[sopas ej]

Originally Posted by dimondpark

Youd think that since everyone is moving to TX and FL, home prices would be falling?

House-Sold on May 15, 2026
$3,250,000
2 beds 1 bath 996 sqft
3750 Ross Road, Palo Alto, CA 94303

https://www.estately.com/listings/info/3750-ross-road-palo-alto-ca-94303

Dayam, for that?? Looks pretty backwoods!

[montréaliste]

Originally Posted by sopas ej

Dayam, for that?? Looks pretty backwoods!

Kreisst. Yep.

[MolsonExport]

Vancouver (more accurately, Surrey) crackhouses can sometimes go for $2 million and up.

[3rd&Brown]

Originally Posted by dimondpark

Youd think that since everyone is moving to TX and FL, home prices would be falling?

House-Sold on May 15, 2026
$3,250,000
2 beds 1 bath 996 sqft
3750 Ross Road, Palo Alto, CA 94303

https://www.estately.com/listings/info/3750-ross-road-palo-alto-ca-94303

House Sold on May 14, 2026
$3,930,000
3 beds 2 baths 1,215 sqft/
360 Stanford Avenue, Palo Alto, CA 94306

https://www.estately.com/listings/info/360-stanford-avenue-palo-alto-ca-94306--3

I get what you're saying but a house like that selling for this price anywhere in the country is not good for anyone. It's not a bragging point. It's a disgrace. A generation or two ago that home could have been owned by a school teacher or a fire fighter. Now you have to have a PhD in Computer Science and the good fortune to have worked for a tech startup that went public at a very specific point?

[montréaliste]

Originally Posted by 3rd&Brown

I get what you're saying but a house like that selling for this price anywhere in the country is not good for anyone. It's not a bragging point. It's a disgrace. A generation or two ago that home could have been owned by a school teacher or a fire fighter. Now you have to have a PhD in Computer Science and the good fortune to have worked for a tech startup that went public at a very specific point?

Of course, you are only paying for the land, then comes the building of a real house, not a poorly insulated and poorly built shack of a house. Vancouver example mot much better.