An Architectural Gem Has Sprouted on a 150-Year-Old Farm in British Columbia—It’s Asking C$19.8 Million
There’s also a 50-foot dock and a more than five acres of leased vineyards. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
Sprawling Parisian Home Offers Separate Apartments for the Au Pair and Grand-mère
A multi-unit sale in the Golden Triangle comprises three distinct apartments in an early 20th-century building. Read More
DESIGNER’S CORNER
How to Choose the Ideal Dining Table
Aesthetics, durability and function all go hand in hand. Read More
NEWS BITES
Canada Home Sales Decline for the First Time in Six Months
Following the Bank of Canada’s resumption of rate hikes, Canadian home sales fell for the first time in six months in July. Home sales dropped by 0.7% from June, marking the first monthly decline since January. Additionally, inventory was rather low, pushing benchmark prices up 1.1% from the previous month to C$754,800 (US$561,000). The Bank of Canada raised interest rates in both June and July as the country faced a high rate of inflation and a strong rebound in the housing market. With Canada facing immigrant-driven population growth and a lack of new home construction, home prices are likely to keep trending upward. Yahoo Finance
Childhood Home of Johns Hopkins Heads to Auction
After a nonprofit struggled to complete its purchase and restoration of Johns Hopkins’s childhood home, the estate went to auction Tuesday. Located in Gambrills, Maryland, the home was built in 1780, and Hopkins was born on the property in 1795. The investor and philanthropist lived at the family estate, known as Whites Hall, until he was 17, when he moved to Baltimore. The nonprofit who purchased the 13-acre property in March failed to complete the necessary documents to obtain state funding set aside to pay off a loan, and the estate has been in foreclosure court since January. Towson Patch
Number of Second-Hand Homes for Sale in Ireland Drops to Record Low
The number of homes on the market in Ireland, excluding newly built properties, has dropped to a record low, according to the estate agents network Sherry FitzGerald. They reported that there were just 13,750 homes that weren’t new for sale across the country in July, the lowest inventory since the company began keeping records in 2009. That’s just 0.7% of private homes in the country, while in a normal market, experts say about 3% of housing stock should be up for sale. The inventory of second-hand properties fell by 10% annually and by 24% since summer 2020. The Irish Times
20% of Homes for Sale in Utah Are Worth at Least $1 Million
Million-dollar homes are close to an all-time high in the U.S., with a little more than 8% of homes worth at least $1 million, according to a report from Redfin last week. In Utah, however, the share of seven-figure homes is significantly higher. Across the state, about one in five homes costs at least $1 million—an estimated 1,800 out of 8,700 total houses listed for sale. In the state’s largest metro area, Salt Lake City, that number climbs to roughly one in three. Meanwhile, housing analyst Dejan Eskic estimated that roughly 90% of Utah renters can’t even afford a typical house. KUTV
AROUND NEWS CORP
A Condo on New York’s Billionaires’ Row Sells for Around $80 Million [The Wall Street Journal]
How to Buy a Holiday Home in Tuscany on a Budget [The Times of London]
Why Your Home Appraisal Might Come in Low [Realtor.com]
Bizarre ‘Jelly Pool’ Blows Buyers’ Minds [news.com.au]
