Tumbling From a Peak, Canada’s Laurentian Mountains Are Now a Buyers’ Market (for Foreigners, Too)
After a frenzied pandemic period that saw prices surge, the popular vacation-home market has softened. Read More
BY THE NUMBERS
| CONTENT FROM: Premier Sotheby’s International Realty |
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Discover The Ritz-Carlton Residences, Sarasota Bay
Sarasota waterfront luxury, and more. From the intuitive service to the panoramic vistas, the timeless spirit of The Ritz-Carlton is embraced in an exceptional harborside setting in the cultural heart of Florida. A limited offering of 78 waterfront residences, from $3.7 million, offer modern sophistication, complemented by an incomparable array of amenities and services including The Harbor Club.
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TRENDING TODAY
LISTING OF THE DAY
This Mid-Century Modern House in Miami Beach Catches ‘Blazing Sunsets’
Amenities include two docks and a boat lift, a pool, a putting green and a carport with a Tesla charging station. Read More
MANSION GLOBAL BOUTIQUE
Bobby Berk Shows How Neutrals Can Add Interest to Your Space
The former design expert on “Queer Eye” shares some of his favorite pieces from Mansion Global Boutique and his own collection to help take neutrals to a whole new level. Read More
NEWS BITES
Colin Kaepernick Puts Manhattan Pad on the Market for $3.45 Million
Former NFL quarterback Colin Kaepernick has put his Manhattan apartment on to the market for $3.45 million. The athlete and activist picked up the two-bedroom, three-bathroom pad in Tribeca for $3.21 million in 2017, a time marked by controversy for Kaepernick. In 2016, when he was the San Francisco 49ers quarterback, he began kneeling during the pre-game performance of the national anthem to protest racial inequality. His silent protest spurred a wider protest movement across the NFL. Realtor.com
Home Prices in Maine Rose More Than 12% Annually in March
Home sales in Maine home increased for the second consecutive month in March even while the median sales price neared a historic high. The numbers are dampening hopes that a loosening of the inventory squeeze would calm prices. Only 888 houses changed hands last month in the state, a 3.5% increase from the 858 sold in March 2023, according to data by the Maine Association of Realtors. Prices continued their steady rise, meanwhile, closing out last month at a median of $380,000, a 12.6% increase from 12 months before. Portland Press Herald
Hong Kong Home Sales Forecasts Raised as Market Fights High Interest Rates
Despite high interest rates, 5,109 new homes have sold in Hong Kong this year as of Tuesday—roughly half of the yearly total for both 2022 and 2023. With buyer sentiment up, developers are discounting prices on new projects in hopes to sell quickly, and as a result, property agents are raising their 2024 sales forecasts. However, with interest rates at their highest since 2007 and hopes of a rate cut beginning to dwindle, buyers could become hesitant again. South China Morning Post
Tokyo Condo Prices Hit a Record High Last Year
New condominium prices in and around Tokyo hit a record high for the third year in a row in 2023, according to the Real Estate Economic Institute. The average condo price in the city and its three neighboring prefectures climbed 9.5% from 2022 to reach ¥75.66 million (US$489,453) last year, underpinned by successive launches of high-priced condos and rising construction costs. In central Tokyo’s 23 wards, the average condo price rose 5.7% to ¥104.64 million. “High-priced condos remain popular and there is no reason for prices to decline,” said Tadashi Matsuda, a researcher at the institute. The Japan Times
AROUND NEWS CORP
Millennials Are Coming for Your Golf Communities [The Wall Street Journal]
Inside a London House That Celebrates the Best of British Talent [The Times of London]
Mortgage Rates Just Topped 7%, Triggering a ‘Sense of Helplessness’ for Many Would-Be Home Buyers [Realtor.com]
Former Miami Dolphins Star Andre Branch Lists Ritz-Carlton Condo for $5.49 Million [New York Post]
