Did You Know?

DID YOU KNOW? reports that Million-dollar home sales in the U.S. in March faced its largest decline since 2010, with sales down 8.3% year-over-year in the 85 markets analyzed. Luxury price growth is on the decline, too - although entry-level prices in March rose 3% since last year, growth slowed compared to February, which saw a 3.9% year-over-year increase, according to the report. The average entry price was $1.25 million in March in the 85 markets combined. 35 of the 85 markets saw growth in luxury sales in March, down from 48 in February. Many of these growing cities are secondary markets. According to the report, Westchester, New York; Plymouth, Massachusetts; Loudoun, Virginia; Honolulu, Hawaii; and San Luis Obispo County, California, had the top 5 fastest growing markets, each experiencing at least 58% growth in luxury sales. (Mansion)

DID YOU KNOW? Stanford University said to Santa Clara County that it would spend $3.4 billion to construct 575 affordable housing units and 1,597 market-rate housing units. All the affordable units and 1,015 of the market-rate units would be built first, before 25% of the academic buildings are constructed over the next 20 years. At least 1,115 of the units and an additional 2,600 beds for student housing would be built on Stanford’s land. (San Francisco Chronicle)

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