Posts

Tri-Cities Logs 85 Million-Dollar Sales, Luxury Record

Image
Tri-Cities Luxury Market 2025: Key Records A record 85 luxury homes sold across the Tri-Cities market in 2025. This set a new high for the second consecutive year. Press releases dated February 16, 2026, citing the Cari McGee Real Estate Team, reported a 39% jump from 2024. The average price for these luxury sales was $1,272,783, with homes spending about 70 days on market. Even as year-over-year inventory growth has risen in comparable high-demand markets, buyer competition can remain intense and keep prices elevated. Records reshaping buyer expectations Kennewick led with 34 million dollar closings. It also captured six of the top 10 most expensive sales. Outlying communities including Prosser, Benton City, Finley, Burbank, and Connell contributed to the historic total. This activity spanned four core cities. Design and location signals Architectural trends favored newer builds. This was shaped by elevated construction costs and pandemic era price resets. Neighborhood rankings tigh...

6 Compliance Errors That Put Landlords at Risk

Image
You can run operations and still get burned by six compliance errors. Using blanket criminal-record bans instead of individualized fair-chance screening. Skipping must-have lease disclosures (rent terms, lead-based paint, fair-housing language). Mishandling security deposits or missing return deadlines. Giving entry notice by unverifiable text with no proof. Delaying small repairs until they become habitability claims. Trying “self-help” lockouts or sending sloppy eviction notices that courts toss. Keep going to see checklists that keep you protected. Tenant Screening Mistakes That Break Fair Housing Why do so many “safe” tenant-screening policies end up creating Fair Housing Act exposure? You rely on blanket rules and vendor scores, not facts, and that’s where plaintiffs’ lawyers live. In criminal screening, a Los Angeles test found 44% of properties used flat bans, even for old, non–housing-related convictions. HUD and many Fair Chance laws expect an individualized assessment—age at ...

Redmond Breaks Ground on 328 Units, Microsoft-Backed

Image
Prisma Redmond: 328 Homes, Site, Groundbreaking Date As Redmond’s housing costs continue to tighten, Bellwether Housing broke ground on Prisma Redmond on Thursday, February 20, 2026. Similar zoning reforms like the MBTA Communities Law are pushing transit-adjacent multifamily projects onto surplus land nationwide. Project details are tracked through the DJC Resource Center’s bids and awards listings. Timeline Pressure Construction commenced in 2025 after 2024 to 2025 outreach, design, and permitting. The construction timeline targets early 2028 completion, revising 2027 opening milestones. Walsh Construction is the builder, with Microsoft and Amazon backing the $171 million project. Site and Design Disruption Prisma Redmond will rise at 2888 Da Vinci Ave NE directly beside the Overlake Village rail station. The six-story mixed-use plan provides 328 homes, from studios to three bedrooms. Design features include active ground-floor small business incubation space. Design features also ...

Prince William Tax Bills Rise $181, Budget Shock

Image
Why Prince William Taxes Are Rising in 2026 Although the Prince William County Board of Supervisors adopted the fiscal 2026 budget on April 24, 2025, the most immediate disruption for residents and major industrial taxpayers arrives in the 2026 cycle. The budget approval included a tax hike . A planned real estate tax hike targets both data centers and homeowners. Revenue pressures Debate before the vote focused on local revenue needs and pressures tied to growth. Chicago’s experience, including a 16.7% median increase in residential property tax bills, has heightened concerns about how quickly homeowner costs can escalate. Homeowner rate changes were folded into the plan, driving a projected $181 shock. Data center costs and services A separate data center tax increase was approved to offset development costs and fund infrastructure needs. Officials tied the higher levy to essential services and service restoration. The increase takes effect in the 2026 cycle, with monitoring planned...

Paradise Valley Mansion Lists at $35M, Arizona Crown Jewel

Image
What Are the Key Stats on This Paradise Valley Mansion? Three figures set the scale of the Paradise Valley listing: a 30,858-square-foot main residence on 12 gated acres. It also includes a 3,636-square-foot guest house with its own pool. The estate is listed at $35 million . Disruptive Size and Layout The compound totals eight bedrooms across the main and guest quarters. It has 11 full baths and nine powder rooms. Interior highlights include a hotel-style lobby and a long art gallery. There are also two elevators and theater seating. The amenities list continues with an indoor basketball court featuring a skybox. A glass-enclosed water room island appears as well. Construction History and Valuation Metrics Construction was completed in 2005 after five years under owner Robert Sussman. The property includes staff quarters and mountain views of Camelback, the McDowell Mountains, and Four Peaks. Valuation metrics note 17 vehicle spaces and dual pools with pool houses. These features span...

St Pete Beach Home Sells for $7M, Florida Luxury Heat

Image
St Pete Beach $7.5M Sale: The Key Facts Two numbers have dominated the Pass-a-Grille sale record since October. Sale Figures Under Scrutiny The home closed October 24, 2024, with some records citing October 23. A pricing breakdown shows $7,525,727 sold and $7.53M listed. An $8M alternative report was also noted. Stellar MLS via MLS Grid identifies MLS TB8314363 and $1,520 per square foot. Property Profile and Market Context The single-family residence is 4,950 square feet with 5 bedrooms, 5 full baths, and 1 half bath. It was built in 1935 on an 8,233 square foot lot in Pass-a-Grille. Across Pinellas County, modern waterfront homes built to flood standards continue to draw strong demand, helping support premium pricing even as costs rise. The 2025 tax bill jumped to $64,550 on an assessed value of $4,106,948. Listing excerpts did not detail renovation history. Redfin estimated $5,722,596, within a $5.44M to $6.58M range. That estimate equates to $1,156 per square foot. Nearby comps i...

Chicago Loop Condo Sells for $680K, Fire Player Buys

Image
What’s Confirmed About the $680K Loop Sale A paper trail is still missing for any confirmed $680,000 condo sale in Chicago’s Loop tied to a Chicago Fire player. Search results reviewed show only active listings and broad market figures. The South Loop condo median listing price is $380K per the current snapshot. No closing record, buyer name, or MLS sold entry is cited. Verification Gap Intensifies Transaction verification cannot be completed from the provided materials. Key items absent include deed transfers, settlement statements, and recorder entries. Recent market data shows 40% of Chicago homes selling below asking , underscoring softer buyer competition. What the Results Actually Contain One $680,000 listing reference General Loop condo market context No buyer identity Document Sources Still Needed Reliable document sources would include Cook County Recorder public filings and a broker-supplied sold sheet. A confirmed purchase would also require a dated contract close and a ver...