Mansion Global Daily: The Time to Strike in South Florida is Now, Gold Coast Price Growth Set to Slow but Remain Robust, and More

January 7, 2022 Admin

Deals on South Florida Homes May Be Slipping Away Like Sand, But Not if You Know Where to Look

Lower-profile areas are luring luxury buyers with attractive prices and the prospect of a quick return. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

Siesta Key, Florida, Home Boasts a Nearly Full-Floor Roman Bath-Style Pool

Meanwhile, the beach is consistently ranked as among the best in the U.S. Read More

NEIGHBORHOOD NOTES

Dublin’s Seaside Dalkey Enclave Boasts Water and Mountain Vistas

The area is popular among affluent professionals, and boasts laid-back eateries and good schools. Read More

NEWS BITES

Price Growth in Gold Coast, Australia, Set to Slow but Remain Robust

The real estate market in Gold Coast, a city in Queensland, Australia, is set to remain strong in 2022, but is unlikely to sustain its record-breaking price growth. The migration from cities to the coast will continue this year, but will likely be more measured, with prices growing more modestly. “You can’t keep having 50% increases in value year after year,” according to Andrew Bell, the CEO of Ray White Surfers Paradise Group. “It will start to move into a more stabilized market, although we will continue to get migration from down south so it will still be a solid year here.” Realestate.com.au

Cape Town Mansion Sells for R160 Million, the Second Most Expensive Home Sale in South Africa

The sale of a waterfront home in the affluent Cape Town suburb, Fresnaye, for R160 million (US$10.3 million) is the highest-priced property sold in the town by more than 50%. It’s also the second most expensive deal in all of South Africa. The five-bedroom home has views of the Atlantic Ocean, Lion’s Head Mountain and Cape Town, and offers amenities such as floor-to-ceiling windows, a marble staircase, a wine cellar, a movie theater, a chef’s kitchen and an infinity pool. Capetownetc.com

Ottawa Saw 7% Jump in Sales in 2021, With Home Prices Rising 24%

The number of home sales in Ottawa rose 7% year over year in 2021, with just over 20,000 units sold, according to the Ottawa Real Estate Board. In addition, the average price of a home in Ottawa was more than C$719,000 (US$567,974) last year, a 24% increase compared to 2020. The average price of a condo was around C$419,000 in 2021, up 16% over the previous year. The lack of supply that is driving home prices up is expected to continue in 2022, and new listings in December were down 58% compared to November and 15% lower than the five-year average. CTV News

One of Winter Park, Florida’s Priciest Homes Sells for $10.5 Million

Matt Morgan, a lawyer at the Orlando, Florida-based law firm Morgan & Morgan and the son of its founder John Morgan, bought a 9,092-square-foot home in Winter Park, Florida, for $10.5 million this week, according to a deed made public by Orange County on Jan. 5. The deal for the near 100-year-old estate is the third-priciest Winter Park home sale on record. The home was originally listed for $15.9 million in November, the most expensive for sale in the central Florida city. The residence, on Lake Maitland, has five bedrooms, French heart oak flooring, Turkish wood cabinetry and ceilings and beams made from 100-year-old pecky cypress wood. There’s also a guest house, a swimming pool and spa, a fire pit and boathouse with a dock. South Florida Business Journal