Even on Billionaire's Beach in Malibu, you can't escape the economy. "We have over three years of inventory on the market," says Carol Bird of Westside Estate Agency, who's been selling homes in Malibu for over 20 years. "There are a lot of fabulous houses for sale, but they're listed at prices that are not reflective of what's happening today." Bird recently tried something different to sell a property in the Malibu Colony. After months without any success selling it the traditional way, she experimented Read more [...]

The mid-year reports on listed property companies in China have shown that only 40 percent of these companies have seen overall sales volume and net profit growth. Less powerful real estate companies have been forced to turn to other areas in an effort to maintain profit, such as the mining industry and financial business. Let's take a closer look with our reporter Liu Min. 70 out of 170 mainland real estate companies listed on Hong Kong's stock market have been proved to be making profit while Read more [...]

Median Sales Prices* (Aug. '11) (July '11) (Aug. '10) Fredericksburg city $220,000 $265,000 $283,500 Stafford $225,000 $245,000 $249,625 Spotsylvania $187,000 $195,450 $200,000 Caroline $110,000 $158,500 $150,000 King George $202,450 $240,000 $232,866 Orange $150,000 $145,000 $160,000 Fauquier $248,750 $278,750 $251,000 Culpeper $190,000 $185,000 $209,000 Fredericksburg area** $196,750 $219,450 $232,000 * Median is the middle price. For example, if 11 homes were sold, the median Read more [...]