Demand is Raging in Vancouver, Leaving Sellers Firmly in the Driver’s Seat
The ultra-luxury market has been immune to the challenges in other sectors, so the time is right if you’re thinking of selling your trophy home. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: Selene |
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SELENE NEW YORK | 100 EAST 53 | FULL FLOOR HOMES FROM $8.9M
Moments from Park Avenue on one of the most architecturally significant streets in New York, the Foster + Partners-designed Selene reflects craftsmanship rarely seen in New Development. Four levels of luminous amenities including a 60-foot pool, sauna, and game rooms create an urban sanctuary. Offers direct elevator access to Michelin starred Le Jardinier restaurant at ground level.
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TRENDING TODAY
MANSION GLOBAL ON YOUTUBE
‘Little Mermaid’ Mansion Overlooks the Town Where Fairytale Began
This nearly 12,000-square-foot waterfront villa is located in a town that reportedly inspired the Danish author Hans Christian Andersen to pen his beloved tale, “The Little Mermaid.” Join Beckie Strum for a look at the property in Sestri Levante on the Italian Riviera. Watch Now
LISTING OF THE DAY
This Scandinavian-Inspired Modern Design Is Part of a New 12-Home Community in the Heart of New York’s Hudson Valley
Optional add-ons include a pool, a pool house, an outdoor kitchen pavilion and a carport. Read More
NEIGHBORHOOD NOTES
Cape Town’s Seaside Neighborhood Clifton Is a ‘Playground for the Rich’
The tiny beach community, one of the most affluent in South Africa, attracts a mixture of second-home owners and well-heeled families. Read More
NEWS BITES
Dublin, California, Sees Largest Annual Drop in House Prices in the U.S.
The northern California city of Dublin has seen house prices fall faster than anywhere else in the U.S., according to a study from financial planning firm SmartAsset, which analyzed fluctuation in property values from May 2022 to May 2023. Dublin prices dropped a drastic 15.4% over that time period, shaving off $230,000 over the year for a typical home value of about $1.3 million. Three other Bay Area cities followed Dublin, with San Francisco in second, where prices fell 13.3%. This data follows recent news that Dublin is the fastest-growing city in California. Patch
Another Setback for U.S. Buyers as Mortgage Rates Rise Again
Mortgage rates rose again this week, bad news for Americans seeking to upgrade or buy their first home. The average rate on a 30-year fixed mortgage ticked up to 6.9%, up from 6.81% a week ago, according to data released Thursday by mortgage buyer Freddie Mac. A year ago, the benchmark home loan rate stood at 4.99%. Fox Business
Denver’s Real Estate Market Slowing Amid High Interest Rates
Interest rates are cooling Denver’s real estate market, according to a report by the Denver Metro Association of Realtors. “Definitely things have slowed up a lot,” said agent Christine Gulley with Colorado Home Realty. The association’s data shows sales volume dropped 18% in July compared to the same time last year, when the market had already slowed from its pandemic high. The median sale price for a single-family home last month in the city stood at $650,000, down less than 1% from June and exactly even from a year ago. Denver Gazette
International Buyers Helping Prop up Spain’s Property Market
International buyers continue to have a voracious appetite for Spanish real estate as the number of foreign investors in the country rose 30% last year, according to Spanish appraisal and valuation firm Euroval. While local buyers increasingly eschew the market due to high interest rates, overseas buyers are underpinning the sector, and propping up prices despite there being less overall demand. The Local
AROUND NEWS CORP
Triple-Digit Heat, but No Electric Bill? For Passive Homeowners, ‘It’s Hard to Go Back’ [The Wall Street Journal]
Orange Walls, Gold Tiles and a Bright Green Kitchen — Inside a Vibrant London Home [The Times of London]
Put ‘Barbiecore’ on Pause: 5 Ken-Centric Living Room Looks We Love Right Now [Realtor.com]
Demand Driving Townsville Property Market [news.com.au]
