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Latest off-market sales in Palm Beach include Arabian Road deal topping $7M

Tom Shaw of
Sotheby’s International Realty acted on behalf of the buyer, he confirmed, but he also is keeping mum about the transaction.
The house stands on a corner lot without waterfront near the northern tip of the island between North Lake Way and the lakefront.
The four-bedroom main house and its one-bedroom guesthouse have a total of 5,370 square total square feet, property records show. The attached two-car garage backs up to a rear alley.
The floorplan includes an expansive kitchen with a butler’s pantry and a family room off the kitchen, according to a previous sales listing with another agency. Other details include a temperature-controlled wine room and floors covered in limestone and hardwood. ....

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U.S. Home Sales Declined in November — 2nd Update

Provided by
Dow Jones
By Nicole Friedman
Homes sales slipped in November as the supply of properties for sale fell to a new low, the latest sign strong economic momentum in the middle of the year is easing in 2020 s final months.
Existing-home sales fell 2.5% in November from October to a seasonally adjusted annual rate of 6.69 million, the National Association of Realtors said Tuesday. It was the first decline in six months. The November sales of previously owned homes, which make up most of the housing market, rose 25.8% from a year earlier.
Without a doubt, there are too many buyers in relation to the sellers, said Lawrence Yun, NAR s chief economist. That is probably the main driver as to why the sales declined. ....

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U.S. Home Sales Declined in November — Update

Provided by
Dow Jones
By Nicole Friedman
Sales of previously owned homes slipped in November from a month earlier, as the supply of homes for sale fell to a new low.
Existing-home sales fell 2.5% in November from October to a seasonally adjusted annual rate of 6.69 million, the National Association of Realtors said Tuesday. The November sales marked a 25.8% increase from a year earlier.
Economists surveyed by The Wall Street Journal expected a 2.2% monthly decline in sales of previously owned homes, which make up most of the housing market.
Without a doubt, there are too many buyers in relation to the sellers, said Lawrence Yun, NAR s chief economist. That is probably the main driver as to why the sales declined. ....

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