A White House Lookalike in Portland, Oregon, Hits the Market for $3 Million
The Greek Revival mansion was renovated in 2018, but retains much of the original millwork. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: 200 Amsterdam |
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Introducing The Penthouse Collection at 200 Amsterdam
A rarified offering of two expansive Duplex Penthouses and five full-floor, three- and four- bedroom residences crowning the elegant new landmark tower on the Upper West Side. At 200 Amsterdam, three floors of considered amenities, including the Club & Spa with 75-foot Saltwater Pool and Little Composer’s Room, foster a sense of tranquility and balance. Priced from $17.9M. Immediate Occupancy.
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TRENDING TODAY
MANSION GLOBAL BOUTIQUE
Entertain in Style This Spring Holiday Season
From a ceramic seder plate to a floral table runner, we’ve got you covered with nine picks perfectly suited for your holiday hosting needs. Read More
LISTING OF THE DAY
Jeff Bezos Helped Buy an $80 Million Florida Estate for His Parents—You Could Be Their Neighbors
A home in the same Coral Gables enclave offers a 70-foot boat slip, pool, a bar, a wine cellar, a covered summer kitchen, a koi pond and a three-car garage with two lifts. Read More
DESIGNER’S CORNER
Terraces That Pop: Try a Refresh With Bold Colors This Spring
Celebrate the season with vibrant furnishings, containers and plantings. Read More
NEWS BITES
Adelaide, Melbourne Suburbs Prove Most Popular With Potential Buyers in Australia
Adelaide and Melbourne have come out on top as the most in-demand suburbs in Australia in a survey by PropTrack. The report, which identified the nation’s suburbs with the most potential buyers per listing, found that Upper Sturt in Adelaide took the No. 1 spot with 536 potential buyers per listing, followed by Kangaroo Ground in Melbourne and Medindie in Adelaide. Of the top 10 most popular suburbs, Adelaide and Melbourne each claimed four spots. The reason behind the popularity is a real estate tale as old as time: location, location, location. “Across Australia, the suburbs seeing the highest number of prospective buyers per listing for sale tend to be in scenic, outer suburban areas, with good access to transport and retail amenity,” said PropTrack senior economist Anne Flaherty. realestate.com.au
Demand for Canadian Recreation Homes Expected to Fall This Year
Interest rates go up and interest in vacation homes goes down. While Canadians may have rushed to purchase recreational properties, lakeside cabins and cottages and the like, at the start of the pandemic, the changing economic reality—namely inflation—is expected to take a bite out of this particular sector. According to a report from Royal LePage, the real estate company expects the national aggregate price for Canadian recreational homes to fall 4.5% this year, with the price for single-family recreational homes expected to fall from C$619,900 (US$455,949) in 2022 to $592,005. “Buyers who are active in today’s market appear willing to wait for the right property—a sharp contrast to what we experienced during the pandemic,” said Phil Soper, president and chief executive officer of Royal LePage. BNN Bloomberg
Home Flipping Profits Hit 14-Year Low in the U.S.
Home flipping posted robust growth in the U.S. last year. The profits from these transactions, however, appear to be on a different trajectory. According to the 2022 U.S. Home Flipping Report by ATTOM, 407,417 single-family homes and condos were flipped in 2022—marking 14% growth over 2021, 58% growth over 2020 and the highest point for home flipping in the country since at least 2005. Nevertheless, investors are seeing diminishing returns. Last year, flipped homes generated an average gross profit of $67,900 nationwide—the lowest level since 2008—translating into a 26.9% return on investment, down from 32.6% in 2021 and 41.9% in 2020. World Property Journal
Hong Kong Existing-Home Prices See Biggest Boost in Nearly Three Years
Is Hong Kong’s housing market back? Probably too soon to tell, but the city did receive some welcome real estate news in February. Prices for pre-owned homes rose 2.22%, the biggest leap for prices in 33 months, and the home price index for Hong Kong reached 345.9, the highest in four months, according to the Rating and Valuation Department. The driving force behind the price growth? Slower interest rate hikes, the removal of social-distancing measures and a stamp duty tax cut. South China Morning Post
AROUND NEWS CORP
A Wealthy Seattle Family’s Washington Estate Lists for $75 Million [The Wall Street Journal]
The Most Glamorous Treehouse to Rent in Britain [The Times of London]
Is the U.S. Tipping Into a Recession? The Answer Will Determine the Direction of the Housing Market [Realtor.com]
David Duchovny Finally Sells NYC Home After 2 Years and $600K Loss [New York Post]
